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Traders Should Look Out For These Bearish Flags On DOGE’s Chart

Published 02/02/2023, 15:47
Updated 02/02/2023, 16:15
Traders Should Look Out For These Bearish Flags On DOGE’s Chart

  • DOGE is currently worth $0.09366 after a 2.13% increase in price.

  • The meme coin’s price has established a bearish price channel.

  • DOGE’s price could risk dropping to $0.08978.

The predicted outcome of the US FED announcement yesterday has led most cryptos to be in the green for the day so far, and Dogecoin (DOGE) is no exception.

According to the crypto market tracking website, CoinMarketCap, DOGE is currently worth $0.09366 after a 2.13% increase in price over the last 24 hours. DOGE also reached a high of $0.09575 and a low of $0.08875 over the same time period.

The meme coin’s decent performance over the last day has contributed to its successful weekly performance as DOGE is in the green by more than 8% over the last seven days. However, DOGE did weaken against the two biggest cryptos Bitcoin (BTC) and Ethereum (ETH) by about 1.29% and 3.82% respectively over the last 24 hours.

Also, the meme coin is in the red zone as the 24-hour trading volume dropped by more than 14% since yesterday and currently now stands at $1,008,701,439.

The post Traders Should Look Out For These Bearish Flags On DOGE’s Chart appeared first on Coin Edition.

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