Dogecoin price analysis: DOGE attempts to push back above $0.08 on another seller dominated day

Dogecoin price analysis confirms a bearish reading for today, continuing on a larger decline in the cryptocurrency market. Dogecoin shipped more than 5 percent over the last 24 hours, with price moving to a 13-month low of $0.70.

Timeline of Dogecoin

With each turn of the market, there are always cryptocurrencies that make it to the top as the most-liked coins among investors. This time around, a survey that was carried out between January 2021 and January 2022 has shown the favorite cryptocurrencies among investors.

Sentiment analysis run across a year's worth of tweets has found that Ethereum is Twitter's least favorite cryptocurrency of five studied, while Dogecoin received the most affection.

Most of the market is still recovering from the events of 9 May, which left the crypto space broken beyond belief. Marking the highest single-day losses for every cryptocurrency, the bears did not spare even the most popular/in-demand tokens, including the king of meme coins, Dogecoin.

Shiba Inu recovers faster than Dogecoin did after the recent crypto crash as both of them fell hard at the start of the week so let's have a closer look at today's latest altcoin news. Shiba Inu recovers faster than DOGE and is up by 6% in the past 24 hours after Modany's wider market

Shiba Inu is proving that despite the previous weeks' turmoil in the broader crypto market, it can stand its ground and be unfazed by what's going on. Following a severe selloff in the previous session, major crypto tokens recovered on Wednesday.

Dogecoin's price, unlike a lot of altcoins, seems to be holding above its support levels despite the nasty market crash since 5 May. The crash pushed DOGE inside its bullish setup, where it awaits a breakout.

Market leaders Bitcoin and Ethereum were yet to reclaim key levels post the massive liquidations, with BTC trading at around $31k and ETH at the $2,300-mark at the time of writing.  As a result, altcoins like Dogecoin, FTX token, and Chainlink gravitated toward their multi-monthly/yearly lows on 10 May.

While most of the popular tokens underwent huge price slashes, Dogecoin prices plummet less than Bitcoin or Ethereum manifesting a strong upward trajectory approaching very fast. The price recorded its consecutive 5th week close within the same descending trend. No doubt the present weekly trade also appears to have been dominated by the bears, yet …

LBank hosts the Turkey community for a Cruise Dinner in collaboration with Shiba Dodge on the 24th of April. During the event, the top crypto exchange had the precious opportunity to discuss the future development of the blockchain industry in Turkey and future cooperation between Turkey-based teams and LBank.

Today's top meme coins have lost 4.8% in value against the U.S. dollar, as the crypto market carnage has wreaked havoc across the entire digital currency economy. While dogecoin had a phenomenal year in 2021, over the past 12 months, dogecoin lost 82.8% against the USD. DOGE Tapped an All-Time High a Year Ago Today,