DOGE Bears Seize Market as Bulls Hesitate After Resistance By CoinEdition

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DOGE Bears Seize Market as Bulls Hesitate After Resistance

Cryptocurrency Jan 27, 2023 12:30PM ET

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DOGE Bears Seize Market as Bulls Hesitate After Resistance

DOGE/USD

+2.97%

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Recent price analysis reveals a bearish trend in DOGE price.

Bulls must fight on if the downward trend in DOGE is to be reversed.

DOGE market finds support at $0.08452 during the downturn.

Bullish momentum in Dogecoin (DOGE) markets was stifled by resistance at the day’s high of $0.08715. Due to this setback, the bears gained control of the market and pushed prices down until they found support at the $0.08452 level. Due to this negative trend, the price of DOGE has dropped by 0.35%, to $0.08544, as of this writing.

Market capitalization and 24-hour trading volume both dropped by 19.49% to $406,272,738 and 20.09% to $404,103,786 as investors fled the market in anticipation of further price declines.

The post DOGE Bears Seize Market as Bulls Hesitate After Resistance appeared first on Coin Edition.

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Comments (1)

trevor hron Jan 28, 2023 8:25PM ET

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How did market capitalization drop 19.4% when the coin price wasnt down that much?

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