Dogecoin (CRYPTO: DOGE) traded 8.35% lower at $0.065 over 24 hours leading up to the early hours of Wednesday.
The meme cryptocurrency declined along with the global cryptocurrency market cap, which fell 3.75% to $902.3 billion at press time.
24-hour | -8.35% |
24-hour against Bitcoin | -5.25% |
24-hour against Ethereum | -8.6% |
7-day | 5% |
30-day | -23.6% |
YTD performance | -62.2% |
The DOGE Factors
- DOGE was among the most mentioned coins on Twitter (NYSE:TWTR) over 24 hours, according to data from Cointrendz. The three most-mentioned coins were Bitcoin, Ethereum, and Cardano. DOGE was also seen trending on CoinMarketCap at press time.
- The 24-hour DOGE trading volume fell 35.6% to $498.46 million at press time, according to CoinMarketCap.
- Coinglass data indicated that $2.65 million worth of DOGE were liquidated over 24 hours as the price of the meme coin declined.
- DOGE’s relative strength index stood at 44.76 at press time. RSI below 30 indicates oversold conditions, while above 70 it indicates overbought conditions.
Over 7 days, DOGE has spiked over 5%, while ETH is up 4.7% and Bitcoin was flat — registering a mere 0.1% gain.
An Imperfect Bull Flag Pattern DOGE’s chart indicates that the meme coin has settled into a possible bull flag pattern — the formation is imperfect due to a gradually sloping pole, according to Benzinga’s Melanie Schaffer. This pattern is followed by consolidation, which can bring the asset lower between a channel with parallel lines or into a tightening triangle pattern, according to Schaffer. DOGE has resistance at above $0.083 and just below the $0.10 marks, while it has support below at $0.065 and the $0.05 levels.
Warning On Exchange Failures DOGE-oriented Twitter handle Mishaboar warned his followers to keep their crypto off exchanges. He said, “Bear market means many platforms may fail.” Mishaboar also shared a tweet containing a similar warning from FTX CEO Sam Bankman-Fried.
Not because you need to listen to the CEO of FTX, but please keep your crypto out of exchanges - remember what I warned you about for so long. Bear market means many platforms may fail.DOGE On The Web June 28 marked the birthday of Tesla Inc (NASDAQ: TSLA) CEO and DOGE bull Elon Musk. Some Shibes shared their congratulations on Twitter.Not your keys, not your coins. #Dogecoin
(thanks @tOSUFever for sharing this with me) https://t.co/kN9aWpd6Uy
— Mishaboar (@mishaboar) June 28, 2022
Happy birthday to the #dogefather himself! @elonmusk https://t.co/cOypItPH8W— SlumDOGE Millionaire (@ProTheDoge) June 28, 2022
It’s Elon Musk’s birthday. Happy birthday to the $Doge Father, we love you sir pic.twitter.com/CqKwn38OmV— V (@lillyvivvi) June 28, 2022
Happy Birthday @elonmuskRead Next: How Bitcoin Crash Could Hurt Kim Jong-Un's Weapons TestsI am a fan and supporter of dogecoin, congratulations to Mr. Elon Musk who has 100 million followers.$doge=$1
followers. M @elonmusk #dogecoin #ElonMusk pic.twitter.com/NSoX3pQdJO
— Elenacrypto (@Elenacrypto2231) June 28, 2022
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