Dogecoin [DOGE] and the probability of trend exhaustion coming its way

Dogecoin's ‘incy wincy spider' approach on the price chart is well-known to the community. Even though DOGE is 89.50% down from its all-time high (ATH), the token is 12.78% up from its cycle low of $0.07.

Timeline of Dogecoin

Shares of several popular altcoins, including Dogecoin (CRYPTO: DOGE), are trading lower in sympathy with apex cryptocurrency Bitcoin (CRYPTO: BTC) and second-largest market cap crypto Ethereum (CRYPTO: ETH).  Crypto is likely trading lower in tandem with major.

Dogecoin was one of the cryptocurrencies that took a heavy blow from a market crisis that broke out in March, resulting in a precipitous decline in its market capitalization. According to a chart by Coingecko on Friday, Dogecoin (DOGE) is trading at $0.079378, a decrease of 4.1% over the past week.

Dogecoin (CRYPTO: DOGE) co-creator Billy Markus and other prominent crypto industry watchers were unsurprised at the latest allegations against Terra's (CRYPTO: LUNA) parent Terraform Labs (TFL) and founder Do Kwon. What Happened: On Thursday, Watcher News reported that TFL employees have confirmed to the U.S. Securities and Exchange Commission that $80 million of company funds were sent to “secret wallets” every month before the LUNA and TerraUSD (CRYPTO: UST) collapse.

Whale a binance coin (BNB) has bought a large amount of Dogecoin, according to data shared by, a crypto data platform that monitors the activities of giants based on the Binance Smart Chain (BSC). The mysterious Binance, dubbed “Scarlet Witch” by the Reddit community, completed the trade earlier today.

Dogecoin was among the hardest hit cryptocurrencies during the market crash of May which led to a massive drop in the market capitalization of the popular meme-inspired coin.  The post Dogecoin Market Cap Plunged More Than $6 Billion in May appeared first on BeInCrypto.

Dogecoin (CRYPTO: DOGE) traded 0.2% lower at $0.08 over 24 hours leading up to early Thursday morning. Dogecoin Price Performance Time-frame % Change (+/-) 24-hour -0.2% 24-hour against Bitcoin 0.3% 24-hour against Ethereum -0.2% 7-day -1.4% 30-day -30.7% YTD performance -53.75% See Also: How To Get Free NFTs The DOGE Factors DOGE wasn't one of the most mentioned coins on Twitter at press time, according to Cointrendz.

A meme posted from Robinhood Markets Inc's (NASDAQ: HOOD) Twitter account on Thursday had the Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) communities deliberating which dog-themed crypto had featured alongside the Robinhood CEO. What Happened: Popular retail brokerage Robinhood Markets Inc (NASDAQ: HOOD) shared a meme featuring CEO Vlad Tenev and a Shiba Inu dog wearing matching green sweaters.

Despite the fact that Dogecoin's price is still under the radar, a well-known analyst has sold all of his cryptocurrency assets and has further invested in Dogecoin and Shiba Inu. Jeremie Davinci, a well-known Bitcoin expert, and early adopter, recently announced that he has sold all of his cryptocurrencies save Dogecoin and Shiba Inu to …

Dogecoin (CRYPTO: DOGE) was trading mostly flat on Wednesday after a slightly volatile 24-hour session dropped the crypto about 5% lower at one point on Tuesday. The crypto has been in a long period of consolidation, barely moving for the better part of a month, and could be setting up a symmetrical triangle pattern on the daily chart.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Dogecoin [DOGE] had a bearish outlook on the higher timeframe charts as it continued to form lower highs on the chart.