The crypto tracker platform shows that the market is up by more than 1% today, December 22, 2023. The broader positive sentiment has affected the price of Dogecoin.
The general crypto market seems to be performing very well as the weekend approaches. The crypto tracker platform shows that the market is up by more than 1% today, December 22, 2023. The broader positive sentiment has affected the price of Dogecoin.
But know that DOGE is still struggling below $0.1 even though the space is bullish. The big question is whether Dogecoin will continue to stay below $0.1 or whether the bulls will regain momentum.
Notably, while DOGE is not going as planned, it’s still the top meme coin in the entire crypto market.Dogecoin Price Action
As we all know, DOGE Price is mostly driven by hype and humour. Back on November 1, Dogecoin was trading around $0.069. A few days later, it dipped to $0.066. The chart showed that Dogecoin stayed pretty quiet the first week of November.
But then, on November 6, Doge suddenly shot up. Prices hit about $0.077. But as more people took profit, it went south, and the price dropped back to $$0.068. However, the bulls regained strength on November 18. DOGE’s price surged again, this time breaking above the $0.08 level.
Again, Dogecoin’s rally soon faded. It pulled back down to the $0.07 area for the rest of November. These likely disappointed bulls hoping for a bigger breakout. In December so far, things seem to be going differently. Since December 1, Dogecoin has been on a steady uptrend.
On December 11, it reached a significant level of $0.1. this pump represents a growth of more than 40% from $0.07. Unfortunately, Dogecoin has lost some of these gains. At the moment (07:36 a.m. EST), DOGE is trading at $0.09 with a volume of $954 million.
According to CoinMarketCap, the coin is up in the last 24 hours by almost 1%. But over the past seven days, DOGE is 2.89% down. This implies that maybe the bulls are rebuilding strength to take full control of the Dogecoin movement.
