Why Is Dogecoin Trading Lower On Monday Morning?
Posted On May 19, 2025
Dogecoin (CRYPTO: DOGE) was trading lower Monday morning following an overnight spike that propelled it beyond $0.23.
What happened: The world’s largest meme coin by market capitalization experienced a volatile day of trading, with volumes more than doubling to $2.84 billion in the last 24 hours.
DOGE broke past $0.23 twice on Sunday but was met with heavy resistance each time, leading to a U-turn. As of this writing, the cryptocurrency has retraced 8.7% from its intraday high and more than 3% in the last 24 hours.
DOGE followed in Bitcoin’s (CRYPTO: BTC) footsteps, which rallied …
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