DOGE Meme Coin Holds Its Important Support Of $0.2

DOGE Meme Coin Holds Its Important Support Of $0.265!

The price of Dogecoin has dropped ~1% in 24 hours with a trading volume of $2.886 billion, a change of -53.36%. Moreover, it has lost 18.24% over th elast seven days and 30.81% in 30 days. With a market cap of $39.63 billion, it has secured the 08th position in the market.

The Moving Average Convergence Divergence (MACD) records a constant decline in the red histogram with its averages recording a similar price action in the daily time frame. This highlights an increase in the selling-over-buying pressure for the largest memecoin in the market.

On the other hand, the SMA indicator continues acting as a resistance to the Dogecoin price chart, suggesting that the meme coin may continue losing value in the upcoming time.