Dogecoin Consolidates Above $0.08 as Buyers and Sellers Reach Indecision

Dogecoin (DOGE) price is down, but small unresolved candlesticks have dominated the price movement. These candlesticks indicate that both buyers and sellers are uncertain about the direction of the market.

Timeline of Dogecoin

Dogecoin whales were involved in about $3.5 million transactions in spite of the Elon Musk culture change at his new company The meme might need to endure its stay on the bearish zone considering revelations per price action Since Elon Musk took over Twitter, the Dogecoin [DOGE] community has remained hopeful of more substantial recognition.

Dogecoin is still a strong contender for the attention of cryptocurrency investors who are chasing assets with the most potential. Larger assets and market leaders such as Bitcoin and Ethereum have often provided this for investors with large profit margins, but with the crypto winter, Dogecoin has seen more upside compared to its larger counterparts.

Dogecoin price has been at the mercy of larger market momentum and DOGE whales that continue to push for gains.  The post Whales Continue Stacking Dogecoin (DOGE) Despite Rising Crypto Market Risks appeared first on BeInCrypto.

Cryptocurrencies have long been associated with high volatility, which makes it stressful for investors who endeavor to profit from different digital assets. However, the stress levels among investors appear to vary depending on the type of asset in question.

Dogecoin price analysis indicates the resuming of a bearish trend following a brief period of sideways movement over the previous few days. The downturn that began last week has continued as the price has dropped up to $0.085162.

Dogecoin (CRYPTO: DOGE) relative Litecoin (CRYPTO: LTC) is seeing an upward movement, after trading below the $60 mark for several weeks. What Happened: At the time of writing, LTC was trading at $62.85, up 8% in the last 24 hours, according to CoinMarketCap.

Elon Musk's takeover of Twitter pushed the price of Dogecoin higher at various points in the last couple of weeks. This was due to the billionaire's relationship with the meme coin in the past.

Among the 10 most expensive Telegram usernames sold on Fragment, one stands out for a particular reason – it is the only one related to the cryptocurrency sector, and it is one of Tesla (NASDAQ: TSLA) CEO Elon Musk's favorite coins – the meme token Dogecoin (DOGE).

A recent modest loss was experienced by DOGE/USD, according to the Dogecoin price analysis. Following yesterday's bearish price function, today, bearish pressure has persisted, although bulls are also attempting to seize the initiative.

Dogecoin remains Elon Musk's favorite cryptocurrency and the billionaire's conviction in the meme coin looks to not have waned thus far. As the crypto winter rages on, speculations abound on what projects would be able to make it out and come out stronger.