Despite the recent growth in the crypto market, the dogecoin price continues its downward trend. On December 14th, the memecoin breaks below a $0.09 support with sufficient volume, indicating likeless of further downfall. How far may this potential fall carry Dogecoin in the coming weeks?
Key points:
A resistance trendline of a 4-hour time frame chart assists sellers in prolonging Dogecoin losses
The Dogecoin price plunged below the 200-day EMA support
The 24-hour trading volume in the Dogecoin coin is $467.5 Billion, indicating a 30% loss.
Are whales Accumulating Amid Dogecoin Fall?
Source- Intotheblock
Intotheblock, the on-chain data provider, showcased their Dogecoin has been witnessing huge whale transactions since December 10th. The Large transaction metric records transaction value greater than $100000 to figure out how institutional investors and whales react to the current market scenario. These players have a better understanding of the market, so their activity could highligh
We współpracy z: https://coingape.com/markets/falling-dogecoin-price-breaks-another-support-back-to-0-075-mark/
