Investors Flee As DOGE Goes Deeper Into The Red
Recent market developments indicate that DOGE continues to struggle, with its price declining further. As of the latest updates, DOGE’s market capitalization has shrunk to approximately $16.4 billion, with a 13.12% drop in price over the last 7 days. Analysts predict that this downturn is far from over, expecting a steep decline as multiple factors contribute to its ongoing bearish trend. Despite high development activities at 248.72%, DOGE is experiencing low daily active users and diminished social dominance according to reports from Santiment. Furthermore, the technical analysis shows a bearish pattern, with the 50-day Exponential Moving Average (EMA) remaining above the 20-day EMA, reinforcing the negative outlook.
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