Dogecoin ($DOGE) Investors Face Turbulent Times as Prices Plunge to $0.23, Yeti Ouro ($YETIO) Gains Momentum in Its Presale, Offering a Fresh Alternative in the MemeFi Space

Dogecoin's decline reflects broader market uncertainty. Dogecoin price was at $0.23 early Monday, extending losses after failing to hold the $0.27 resistance last week.

Dogecoin (CRYPTO: DOGE) investors are navigating turbulent times as the cryptocurrency's price slides further. In the past week alone, DOGE has seen a decline of 8.55%, with technical indicators suggesting that bears still hold sway in the trading charts.

As broader market uncertainty continues to weigh on crypto prices, Dogecoin price slipped to $0.23 early on Monday. The latest price drop comes after DOGE failed to break through the $0.27 resistance last week, and with long-to-short ratio coming in at 0.87, according to Coinglass, it’s clear that the bears are still in control.

Those who prefer to follow technical indicators will also note that over 60% of traders are currently betting against a move lower in DOGE, with the next level of support seen at $0.20. Relative Strength Index (RSI) is at 32, nearing oversold levels. For those holding Dogecoin, this latest dip could be seen as a buying opportunity—or a sign of further weakness to come.

What traders need to know about Dogecoin price today:

* Dogecoin’s (CRYPTO: DOGE) price is down 8.55% in the past week. At the time of writing on Monday morning, it is trading at $0.23.

* Long-to-short ratio is now below 0.87, which signals that bearish traders are in majority.

* RSI is approaching oversold levels at 32. At the same time, over 60% of traders are betting on lower prices. The next level of support is seen at $0.20. For those who prefer to follow technical indicators, this suggests that the short-term trend is still bearish.

* Dogecoin’s trading volume in the last 24 hours is $1.58 billion, a 130.10% increase from yesterday. This indicates some serious market action.

* Its 24-hour low is $0.2265, and its 24-hour high is $0.2449.

* In the past month, DOGE has seen an increase in price of 10.08%, but it is still down 69.08% from its all-time high of $0.7316, which was reached on May 8, 2024.

* It is also down 12.30% for the week, which means DOGE is lagging behind the broader crypto market.

Yeti Ouro (CRYPTO: YETIO) Reaches Stage 3 Of PresaleIn crypto presale news, Yeti Ouro (CRYPTO: YETIO) is rapidly approaching the third stage of its presale. The project has already raised an impressive sum from investors in the first two presale stages. Its goal is to collect a total of 15,000 BNB, which translates to approximately $5.3 million at the current market rate. So far, it has raised more than $2 million.

Here’s what investors need to know about this opportunity.

What Is Yeti Ouro?

Yeti Ouro is a new cryptocurrency project that is aiming to revolutionize the metaverse and Web3 space with its unique blend of memecoin appeal, play-to-earn (P2E) gaming, and cutting-edge technology. The project is powered by the native YETIO token, which is being sold in a limited-time presale before its listing on major exchanges.

The project is currently in stage 3/5 of its presale journey, and it has already integrated Chainlink Price Feed for optimal price discovery. It is also developing a state-of-the-art P2E game called Yeti Go, set in Unreal Engine 5. Game development veterans, who have previously worked on video game titles like Call of Duty, The Witcher, Spiderman, and Dead Space, are involved in creating the game.

At present, the YETIO token is available for purchase at $0.024 in stage 3. Moreover, investors can claim a 10% purchase bonus in stage 3, with an additional 5% bonus for deposits over 500 BNB.

Those who invested in stage 2 at $0.022 will be able to claim a 15% top-up on their initial investment. Stage 2 investors who topped up more than 500 BNB in that stage will receive an additional 10% on the new stage 3 deposits.

Why Is It Pivotal?

Investors are pouring into meme coins in 2024. These digital assets have become a hot commodity, especially in the bear market, as they offer the potential for significant gains.

Dogecoin (CRYPTO: DOGE) is a prime example, having gained triple-digit returns