1 min read
Dogecoin (CRYPTO: DOGE) has traded 6.81% lower at $ 0.29 over the past 24 hours, in the most recent review on Wednesday.
DOGE was down 2.77% during a seven-day follow-up period.
The Shiba Inu-themed coin fell 3.25% and 1.74% against Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) respectively for 24 hours.
DOGE’s earnings so far this year stood at 5,081.35% in the last checkup.
Why is it moving?
DOGE moved in tandem with other major cryptocurrencies early Wednesday morning as the global cryptocurrency market capitalization fell 3.37% to $ 2.08 trillion.
DOGE was the protagonist of 1,387 tweets at the time of the last review and was among the top ten cryptocurrencies mentioned on the platform of Twitter Inc (NYSE: TWTR), according to data from Cointrendz.
On Tuesday, PAWS Chicago, an organization that works in the construction of animal communities No kill, stated that it would accept donations in DOGE and other cryptocurrencies.
This week, a picture of a Shiba Inu dog named Kabosu titled “Feisty DOGE NFT” briefly emerged as the token non-expendable or most valuable NFT in the world.
Benzinga’s Tyler Bundy noted that DOGE is retreating towards a potential support area and has been forming an upward cup pattern towards resistance.
Bundy expressed that the $ 0.45 level has acted as resistance in the past and could do so again if the cryptocurrency reaches that level.