Dogecoin (DOGE) has seen some of the worst declines in the last week. The meme coin is already down double-digits during this time and is also recording losses on the daily charts. While this is not out of the ordinary given the current crypto market trend, the digital asset has been pulled below important critical levels, which would imply more declines. DOGE Could Go Down Further Given Elon Musk’s recent radio silence on his crypto plans for Twitter and thus Dogecoin by extension, the meme coin has been unable to maintain its upward momentum. It is now down almost 50% from its most recent November peak of $0.15. But perhaps more concerning is the fact that its 15% decline over the last 7 days has dragged it down below the 50-day moving average. Related Reading: What Ethereum’s Rejection At $1,350 Says About The Cryptocurrency DOGE’s 50-day MA is currently sitting at $0.086, whereas the price of the digital asset has now fallen to $0.082 in the last 24 hours. Previously, the cryptocurrency had been on a bullish path as it contin ..
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