Dogecoin remains bearish at the time of writing as it just broke below its immediate price support line. Broader market weakness can be attributed to the price fall. Major market movers have displayed choppy price action.
Over the last 24 hours, Dogecoin lost 2% and in the last week, it declined by 8%. The global cryptocurrency market cap was at $1.93 Trillion as there has been a decline of 0.2% in the last 24 hours.
The meme coin has been facing tough resistance at its immediate price ceiling. Buyers have also decided to lay low as a reason the coin continues to fall prey to selling pressure.
Constant fall in buying pressure has pushed the coin to break its immediate support level and eye its next price floor.
Dogecoin Price Analysis: Four Hour Chart
Dogecoin just broke below the price support level of $0.134 on the four-hour chart. Image Source: DOGE/USD on TradingView
Dogecoin was trading for $0.1324 as it breached its support level of $0.1345 at the time of writing. The coin has ..
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