Dogecoin Down Another 4% As Sentiment Sours: What Is Going On?
Posted On December 18, 2024
Dogecoin (CRYPTO: DOGE) continues to trend downward, reflecting broader stagnation in the cryptocurrency market.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Dogecoin (CRYPTO: DOGE) | $0.3885 | $57.2 billion | -4.1% | -3.6% |
| Shiba Inu (CRYPTO: SHIB) | $0.00002602 | $15.3 billion | -4.7% | -5.9% |
| Pepe (CRYPTO: PEPE) | $0.00002179 | $9.2 billion | -7.2% | -8.4% |
Trader Notes: Crypto trader More Crypto Online notes that Dogecoin’s recent 4% drop means the price stuck in a consolidation phase.
He suggests that holding above $0.365 could open the door for an upside breakout, but a drop below this level might direct attention to the $0.25–$0.337 support zone.
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