Dogecoin Continues On A Downtrend Post A Mini Revival

The crypto market overall noted gains in the last 24 hours reversing certain effects of the recent bloodbath. Dogecoin on the other hand particularly saw some extreme choppiness over the past week or so. It is however too soon to say if the market is on its way to a solid recovery. Bitcoin was priced at $41k, as it recently toppled over the $40,000 mark marking a sharp increase by 8% over the past day. The price of the meme-coin nose-dived by 10% since the beginning of March, ever since which all eyes have been fixed on Dogecoin. Although Dogecoin in the last week had managed to secure a break-out from the downtrend, the bears continued to claw the price momentum down. Related Reading | Bitcoin Trading Volume Has Now Stabilized At High Values, But For How Long? Price Analysis: DOGE/USD Four-Hour Chart The price of Dogecoin stands at $0.120 at the time of writing. On February 24, the meme-coin had plummeted to a multi-month low of $0.112. At press time, the coin manages to stand just a few notches above the aforementioned price. In the last 24 hours, however, Dogecoin has tried to break out of the downtrend. The coin managed to revisit the $0.118 price floor, however, the bulls have most likely jumped ship again and Dogecoin is back to trading close to the $0.118 price support line. With a continued downtrend, Doge could again target its ten-month low price level of $0.112. The technical outlook of the coin continues to fl...