Dogecoin Down More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
Dogecoin (CRYPTO: DOGE) has seen a 6.3% price decrease in the last 24 hours, continuing a negative trend with a 9.0% loss over the past week. The trading volume has decreased by 23.0%, while the circulating supply increased by 0.69%, bringing the total to 143.57 billion. Dogecoin's market cap ranking is now #10 at $21.03 billion.
March 22, 2024 | 3:02 pm
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Dogecoin has experienced a 6.3% decrease in the last 24 hours and a 9.0% decrease over the past week, with its market cap ranking falling to #10 at $21.03 billion.
The significant drop in Dogecoin's price over the past week, coupled with a decrease in trading volume and a slight increase in circulating supply, suggests a bearish short-term outlook for DOGE-USD. The decrease in price and trading volume indicates reduced investor interest or selling pressure, which could lead to further declines in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100