Dogecoin Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Dogecoin (CRYPTO: DOGE) has seen a 4.13% decrease in price over the last 24 hours, continuing a negative trend from the past week with a 1.0% loss. The volatility of Dogecoin is highlighted by the Bollinger Bands in the provided chart. Trading volume has decreased by 2.0% over the past week, while the circulating supply has slightly decreased by 0.44%, resulting in a current market cap ranking of #11 at $11.62 billion.
January 12, 2024 | 7:02 pm
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NEGATIVE IMPACT
Dogecoin's price has fallen by 4.13% in the last 24 hours and has been on a downward trend over the past week with a 1.0% loss. The trading volume has decreased by 2.0%, and the circulating supply has slightly decreased by 0.44%.
The direct mention of Dogecoin's price decline and the accompanying decrease in trading volume and circulating supply suggest a negative sentiment in the market, which could lead to a short-term negative impact on its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100