Source: Trade ViewDogecoin price rose 2% in the last 24 hours, reaching €0,090641 following the news of Sam Bankman-Fried's arrest and speculation about Binance's finances. However, its current value marks a 11,5% drop over the past week, with the currency holding steady over the past month and down 47% year-to-date.(*3*)
Given the negative market sentiment and the lack of any recent good news for DOGE, some analysts have begun to suggest that the altcoin is likely to fall further in the near future. However, owners and followers continue to hope that Twitter will integrate dogecoin payments somehow, which will send the token skyrocketing.(*3*)
Is it too late to buy Dogecoin? 3 traders give their DOGE predictions
DOGE indicators are currently mixed. Its Relative Strength Index (purple) has moved below 50 in recent days, indicating increased selling pressure. However, its 30-day moving average (red) is well above its 200-day moving average (blue) and has started to rise again.(*3*)