Dogecoin (DOGE) was the only cryptocurrency in the top 10 list that was able to print a gain over the past 24 hours. At press time, CoinMarketCap indicated that the largest meme coin in terms of market cap was up 0.85%. Subsequently, the altcoin was changing hands at $0.0827.
DOGE was also the only top 10 cryptocurrency with its weekly performance still in the green zone. CoinMarketCap data indicated that the meme coin’s price was up more than 4% on the weekly time frame.
Not only was DOGE the best performer in the top 10 list, it also led the charge in the meme coin market as well. The majority of meme coins suffered substantial losses throughout the past day of trading. Most notably, Pepe (PEPE) and FLOKI saw their prices drop 5.41% and 5.24% respectively during the last day of trading.
The collective market cap for the meme coin sector stood just over $18.92 billion after a 0.94% drop. Meanwhile, the total trading volume for the sector was up 1.08%. This boosted the total volume to more than $3 billion.
Daily chart for DOGE/USDT (Source: TradingView)
DOGE was able to break above the $0.08270 resistance level over the past 48 hours. It was then able to surpass the next threshold at $0.08665, but traders quickly forced DOGE’s price back down. The meme coin then plummeted below the $0.08270 mark during today’s trading session, but has since been able to recover.
Should DOGE close today’s trading session above $0.08270 could lead to the altcoin flipping the $0.08665 resistance level into support. Thereafter, DOGE could attempt to rise to $0.09195 in the following few days.
On the other hand, a daily candle close below $0.08270 today, then it may be at risk of dropping to the subsequent key support level. This could lead to DOGE falling to $0.07755.
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