Dogecoin Drops 17% In A Week: What Is Going On?

Dogecoin (CRYPTO: DOGE) has fallen 17% over the past seven days, reaching levels that some traders believe present a prime buying opportunity.

Cryptocurrency Price    Market Cap 24-Hour Trend 7-Day Trend
Dogecoin (CRYPTO: DOGE)  $0.1650 $24.5 billion +2.3%  -17.3% 
Shiba Inu (CRYPTO: SHIB)  $0.00001211 $7.1 billion +3% -7.4% 
Pepe (CRYPTO: PEPE)  $0.056478 $2.7 billion +8.3%  -6.7% 

Trader Notes: Crypto analyst Kevin explained that Bitcoin is currently back-testing key technical levels, including the 0.5 Fibonacci retracement, macro trend lines and the 200-week SMA & EMA, while the 3-day RSI is at historical lows.

If BTC holds its levels and macro conditions improve, he believes this could be the last chance to buy Dogecoin at a relatively cheap price with a strong risk-reward setup.

Crypto trader Wizz remains bullish, stating that DOGE …

Full story available on Benzinga.com

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