{"id":530855,"date":"2023-05-10T09:06:33","date_gmt":"2023-05-10T09:06:33","guid":{"rendered":"https:\/\/wncen.com\/?p=530855"},"modified":"2023-05-10T09:06:33","modified_gmt":"2023-05-10T09:06:33","slug":"dogecoin-limps-in-a-bearish-market","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin-limps-in-a-bearish-market\/","title":{"rendered":"Dogecoin Limps In A Bearish Market: What Traders Should Watch Out For"},"content":{"rendered":"

Dogecoin (DOGE) has recently experienced a rather rough ride. The daily chart of Dogecoin was overly bearish, with trading volumes stunted and negative sentiment growing among investors.\u00a0<\/span><\/p>\n

In the face of the recent downturn in Dogecoin’s fortunes, many investors are grappling with the question of whether it’s time to cut their losses and move on. <\/span><\/p>\n

The bearish trend in the Dogecoin daily chart has cast a cloud of uncertainty over the future of this once-popular cryptocurrency.\u00a0<\/span><\/p>\n

As the popular meme coin struggles to regain its footing, investors are left to ponder what factors have contributed to its decline.<\/span><\/p>\n

Related Reading: PEPE Token Futures Cast Gloom For Investors As Prices Plummet By 45%<\/a><\/div>\n

Uncertainty Looms As Dogecoin Faces Price Slump<\/strong><\/h2>\n

DOGE has experienced a bearish breakout from its previous price consolidation range since May 8, according to <\/span>TradingView<\/span><\/a>. This comes after DOGE hit the price ceiling near $0.1000 on April 18, after which it sustained a price dump.<\/span><\/p>\n

The current DOGE price of $0.0731 on <\/span>CoinGecko<\/span><\/a> suggests a mixed bag of fortunes, with a slight 1.07% rally in the past 24 hours and a slump of 6.8% over the past seven days.\u00a0<\/span><\/p>\n

\"\"<\/p>\n

Source: CoinMarketCap<\/pre>\n
However, the overall trend indicates a depreciation of over 20% since the second half of April.<\/span><\/p>\n
Investors are now questioning whether the price dip is temporary or a sign of more trouble ahead for the meme-inspired cryptocurrency. <\/span><\/p>\n
\"\"<\/p>\n
Source: Coingecko<\/pre>\n
DOGE has always been a volatile investment option, with its price going through several cycles of surges and crashes.\u00a0<\/span><\/p>\n
However, the recent slump in the coin’s price has been particularly worrying, as it appears to be part of a larger trend of bearishness in the cryptocurrency market.<\/span>
\n<\/span><\/p>\n
On Low Trading Volumes And Sudden Price Swings\u00a0<\/strong><\/h2>\n
The recent bearish breakout and price slump of Dogecoin has raised questions among traders about what lies ahead. With the cryptocurrency market in a state of flux, it’s important to keep a close eye on the factors that could influence DOGE’s price movements in the coming days and weeks.<\/span><\/p>\n
One key factor to watch out for is trading volume. Low trading volumes can make DOGE vulnerable to sudden price swings, which could either trigger a sharp price increase or a steep decline. <\/span><\/p>\n
In addition, negative sentiment towards DOGE could exacerbate its current bearish trend, as more traders become wary of investing in a cryptocurrency that seems to be losing its momentum.<\/span><\/p>\n
<\/p>\n
DOGE total market cap slightly above the $10 billion level. Chart: TradingView.com<\/a><\/pre>\n
Related Reading: Bitcoin Price In A Turbulent Week: This Crypto Market Strategist Weighs In<\/a><\/div>\n
Another factor to consider is the broader cryptocurrency market. DOGE’s performance are often closely <\/span>tied to the overall market sentiment<\/span><\/a>, so any major changes in the market could have a significant impact on the coin’s price movements. <\/span><\/p>\n
In particular, news or developments related to major cryptocurrencies such as Bitcoin and Ethereum could influence DOGE’s price trends.<\/span><\/p>\n
While there is always the potential for DOGE to bounce back, sellers could gain more ground if low trading volumes and bearish sentiment persist in the coming days and weeks.\u00a0<\/span><\/p>\n
-Featured image from PetHelpful<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Dogecoin (DOGE) has recently experienced a rather rough ride. The daily chart of Dogecoin was overly bearish, with trading volumes stunted and negative sentiment growing among investors.\u00a0 In the face of the recent downturn in Dogecoin’s fortunes, many investors are grappling with the question of whether it’s time to cut their losses and move on. The bearish trend in the Dogecoin daily chart has cast a cloud of uncertainty over the future of this once-popular cryptocurrency.\u00a0 As the popular meme coin struggles to regain its footing, investors are left to ponder what factors have contributed to its decline. Related Reading: PEPE Token Futures Cast Gloom For Investors As Prices Plummet By 45% Uncertainty Looms As Dogecoin Faces Price Slump DOGE has experienced a bearish breakout from its previous price consolidation range since May 8, according to TradingView. This comes after DOGE hit the price ceiling near $0.1000 on April 18, after which it sustained a price dump. The current DOGE price of $0.0731 on CoinGecko suggests a mixed bag of fortunes, with a slight 1.07% rally in the past 24 hours and a slump of 6.8% over the past seven days.\u00a0 Source: CoinMarketCap However, the overall trend indicates a depreciation of over 20% since the second half of April. Investors are now questioning whether the price dip is temporary or a sign of more trouble ahead for the meme-inspired cryptocurrency. Source: Coingecko DOGE has always been a volatile investment option, with its price going through several cycles of surges and crashes.\u00a0 However, the recent slump in the coin’s price has been particularly worrying, as it appears to be part of a larger trend of bearishness in the cryptocurrency market. On Low Trading Volumes And Sudden Price Swings\u00a0 The recent bearish breakout and price slump of Dogecoin has raised questions among traders about what lies ahead. With the cryptocurrency market in a state of flux, it’s important to keep a close eye on the factors that could influence DOGE’s price movements in the coming days and weeks. One key factor to watch out for is trading volume. Low trading volumes can make DOGE vulnerable to sudden price swings, which could either trigger a sharp price increase or a steep decline. In addition, negative sentiment towards DOGE could exacerbate its current bearish trend, as more traders become wary of investing in a cryptocurrency that seems to be losing its momentum. DOGE total market cap slightly above the $10 billion level. Chart: TradingView.com Related Reading: Bitcoin Price In A Turbulent Week: This Crypto Market Strategist Weighs In Another factor to consider is the broader cryptocurrency market. DOGE’s performance are often closely tied to the overall market sentiment, so any major changes in the market could have a significant impact on the coin’s price movements. In particular, news or developments related to major cryptocurrencies such as Bitcoin and Ethereum could influence DOGE’s price trends. While there is always the potential for DOGE to bounce back, sellers could gain more ground if low trading volumes and bearish sentiment persist in the coming days and weeks.\u00a0 -Featured image from PetHelpful<\/p>\n","protected":false},"author":557,"featured_media":530914,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1144,85675,7,8686,83767,4735],"class_list":["post-530855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-btcusd","tag-doge-price","tag-dogecoin","tag-ethusd","tag-meme-coins","tag-price-action"],"acf":[],"yoast_head":"\nDogecoin Limps In A Bearish Market<\/title>\n<meta name=\"description\" content=\"Dogecoin (DOGE) has recently experienced a rather rough ride. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin Limps In A Bearish Market: What Traders Should Watch Out For","url":"http:\/\/wncen.com\/news\/dogecoin-limps-in-a-bearish-market\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/dogecoin-limps-in-a-bearish-market\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-37.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-37.png?fit=701%2C465"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","doge price","dogecoin","ethusd","meme coins","price action"],"dateCreated":"2023-05-10T09:06:33Z","datePublished":"2023-05-10T09:06:33Z","dateModified":"2023-05-10T09:06:33Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin Limps In A Bearish Market: What Traders Should Watch Out For\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin-limps-in-a-bearish-market\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin-limps-in-a-bearish-market\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/a-37.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/a-37.png?fit=701%2C465\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"doge price\",\"dogecoin\",\"ethusd\",\"meme coins\",\"price action\"],\"dateCreated\":\"2023-05-10T09:06:33Z\",\"datePublished\":\"2023-05-10T09:06:33Z\",\"dateModified\":\"2023-05-10T09:06:33Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-37.png?fit=701%2C465","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/530855"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=530855"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/530855\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/530914"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=530855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=530855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=530855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}