Dogecoin Drops Lower As Investors Brace For Macro Headwinds Again

Dogecoin (CRYPTO: DOGE) traded 4.5% lower at $0.06 over 24 hours leading up to early Tuesday morning.

DOGE fell with other major coins as the global cryptocurrency market cap declined 2.5% to $887.9 billion at press time.
See Also: Best USDC Interest Rates

Dogecoin Price Performance

Time-frame
% Change (+/-)

24-hour
-4.5%

24-hour against Bitcoin
-1.9%

24-hour against Ethereum
-4.5%

7-day
-10.3%

30-day
-5.2%

YTD performance

-64%

The DOGE Factors

The 24-hour DOGE trading volume rose 5.4% to $319.46 million, according to CoinMarketCap
Coinglass data indicated that $2.19 million worth of DOGE was liquidated over 24 hours as the price of the meme coin declined
DOGE’s relative strength index stood at 41.2 at press time, according to TradingView. An RSI of less than 30 implies that an asset is oversold, while over 70 it indicates …

Full story available on Benzinga.com

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