Dogecoin ( Doge)
Dogecoin (DOGE) was in the red to start the week, as traders seemingly secured gains following a recent bull run.
DOGE/USD rose to a two-week high at $0.0704 last Thursday, however it has since gone on to record consecutive declines.
The latest drop pushed the meme coin to an intraday low of $0.06557, which is its weakest point since Saturday.
![](data:image/svg+xml;utf-8,<svg xmlns="http://www.w3.org/2000/svg" width="1536" height="857" />)
DOGE/USD – Daily Chart
Looking at the chart, today’s sell-off comes as the relative strength index (RSI) broke out of a support point at 50.70.
Since the decline, the index is now tracking at 48.55, with the next visible floor being at the 46.00 mark.
In the event that this level gets breached, there is a strong chance that DOGE will drop below $0.0640.
7 comments