The broader meme coin market has witnessed increased volatility, and Dogecoin's price downturn is part of this trend. The cryptocurrency, known for its meme origins, had shown resilience in recent weeks, with prices fluctuating between $0.31 and $0.41 since early January.
Dogecoin price today witnessed a sharp decline of over 10% amid a broader downturn in the cryptocurrency market. As of CoinMarketCap, DOGE was trading 10.8% lower at $0.342, down from its previous day’s close.
The broader cryptocurrency market has seen increased volatility this week, and Dogecoin’s downturn is part of this trend. While the DOGE token started the day at $0.3801, the daily chart became dominated by a large red candle as the day progressed.
According to technical analysis, the RSI for DOGE is at 46. The燦燦灿灿燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦燦
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