Dogecoin's price has seen a significant drop of over 10% in the last 24 hours. This fall is part of a broader downturn affecting the cryptocurrency market.
Bitcoin's price also declined, dropping below the $96,000 mark, which has contributed to a bearish trend and subsequent investor liquidations. This drop caused Dogecoin to break its key support levels, raising concerns among traders about its future course.
However, analysts have noted that the current consolidation patterns in Dogecoin's price echo those of 2017, which may signal the potential for a recovery and perhaps a new bull run.
Дереккөз: coingape.com ↗