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DOGEUSD Statistics:
Technical Setup:
DOGEUSD Statistics:
- Market Capitalization: $40B
- CryptoAsset Rank: #6
- 24-Hour Return: -19%
- 7-Day Return: +255%
- From All-Time High: -26%
Technical Setup:
- Although today is international Doge day, DOGE has performed poorly over the past 24-hours.
- After going parabolic and hitting an all-time high just shy of $0.50 over the weekend, we're seeing some softness in DOGE.
- As the GME saga has shown, as well as DOGE's price action thus far this year, there's no telling how high memes can send an asset.
- If we're to assume that DOGE is forming its third consecutive descending triangle pattern, a breakout to the upside could result in a fourth vertical move higher.
- On the flip side, DOGE's inability to find the momentum to push the some $40B meme coin higher could mean that DOGE sinks into the abyss as market participants run for the exit.
- Because historical price action is limited, the most logical level of support appears to reside around its prior all-time high of $0.09.