The post Dogecoin dips below $0.15, sellers take control: What now, DOGE? appeared on BitcoinEthereumNews.com.

DOGE’s market cap fell to $20.5 billion. It has lost over 7% in the last seven days. Dogecoin [DOGE] and other memecoins were not spared from the recent market decline. While DOGE’s volume slightly increased, analysis indicated that sellers dominated it. Dogecoin sees significant declines AMBCrypto’s analysis of Dogecoin on a daily time frame chart showed that it had already begun its decline before the general market downturn. The chart indicated that DOGE’s decline started around the 7th of June, dropping over 7%. This decline took its price from around $0.16 to $0.148. At the end of trading on the 10th of June, DOGE was trading at around $0.144 after a decline of approximately 1.4%. As of this writing, it was trading at around $0.141, following an additional decline of over 2%.  Source: TradingView The analysis also showed that the over 7% decline on the 7th of June pushed its price below its short moving average (yellow line) and took it below the neutral line on its Relative Strength Index (RSI), indicating a bear trend. As of this writing, Dogecoin’s trend remained below the yellow line, which now serves as resistance around the $0.15 price range. Additionally, the RSI was below 40, indicating a strong bear trend. The price decline has also negatively impacted its market capitalization. Dogecoin’s market cap declines AMBCrypto’s look at Dogecoin’s market capitalization showed a significant decline over the past few days. Data from CoinMarketCap indicated that before its over 7% decline, DOGE’s market cap was over $23 billion. However, the market capitalization fell to around $21 billion after the decline. The memecoin’s market capitalization in the previous trading session was still around $20.9 billion. However, the recent decline has pushed the market cap to around $20.5 billion. Despite the decline, it remained the biggest memecoin. Additionally,…

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Filed under: News - @ June 12, 2024 10:14 pm