DOGE is holding within the $0.1635 range.
The meme coin’s daily trading volume has surged by over 52%.
Market-wide bearish pressure has triggered sharp losses across crypto assets. The meme coin market cap has reached $49.4 billion, losing over 6.5%. Following the downtrend, Dogecoin (DOGE) has slipped by 4.69%.
The meme coin opened the day, trading at around $0.1681, and the price climbed toward a peak range of $0.1787. With bears in command, DOGE tumbled to a low of $0.1624.
At the time of writing, DOGE traded at $0.1635, with the market cap at $24.26 billion. The daily trading volume of the meme coin has reached $1.9 billion. Besides, the market observed a liquidation of $11.49 million worth of DOGE.
Notably, Dogecoin has plunged by over 17% in the last seven days. The asset began trading the week at the $19 range, and the weekly low was formed at $0.1609.
Will DOGE Continue Its Decline?
DOGE’s strong bearish momentum is exhibited with the Moving Average Co
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