Dogecoin Breaks Critical Support After 13% Price Decline

Cover image via U.Today

Dogecoin (DOGE), the dog-themed cryptocurrency, has fallen below the crucial $0.20 mark as the broader crypto market experiences significant selling pressure early this week.

Bitcoin and most digital assets have seen substantial declines in early Tuesday trading, resulting in over $1 billion in liquidations across the market.

The Sunday announcement of a crypto strategic reserve proved insufficient to reverse the downward trend. Analysts warn that the market remains vulnerable to macroeconomic factors in the absence of a specific crypto catalyst or positive narrative.

Following the announcement, cryptocurrencies reversed their initial gains as macroeconomic concerns overshadowed the positive sentiment surrounding the strategic reserve. Previous：ETF Speculation Drives Dogecoin Price Predictions And This AI Meme Coin’s 81x Projection Next：Best New Meme Coins to Join This Month: Buy the Dip with BTFD’s 100% Bonus as Dogecoin ETF Hype Grows and Shiba Inu Rebounds!