The Dogecoin price experienced a slight drop of 0.3%, settling at $0.102 during Sunday's trading session. This performance was notably weaker than the broader market, which saw an uptick.
The short-body candles with long wicks in the recent price chart suggest substantial market uncertainty, with neither buyers nor sellers having a clear advantage.
The broader sense of uncertainty is compounded by Bitcoin's struggle to maintain its position above the crucial $60000 support level, hinting at the possibility of a continued downtrend.
Despite these conditions, some bullish traders are positioning themselves for potential long trades, with an optimistic target of breaking through the $0.12 price level.
