Dogecoin price analysis: DOGE declines to $0.0852 as the coin shows sideways price action.

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.

Timeline of Dogecoin

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.

DOGE was one of the top memecoins in terms of social activity  BabydogeSwap launched its new USDT/DOGE farm  Dogecoin [DOGE] recently made it to the news as it ranked second in the list of top meme coins in terms of social activity as per LunarCrush.

The crypto space is undergoing a roller coaster ride ever since the markets tumbled in H1 of 2022. Undoubtedly, the bulls attempted at each level to hold back the price, but the bears were pre-determined to restrict the price rally under the pivotal levels.

As the embattled CEO of collapsed FTX cryptocurrency exchange Sam Bankman-Fried attempts to raise capital to rescue the platform, the move has received mixed reactions amid fears the funds could be misappropriated. Following the collapse of FTX, Bankman-Fried has come under the spotlight for allegedly mismanaging customer funds.

 DOGE's price fails to hold amidst market turmoil as price falls back to its support zone with a range-bound movement.  DOGE's price continues to show strength after a bearish downtrend with the market's current state, as things look uncertain for most traders and investors.

Dogecoin price analysis shows an uptrend in the market today. The price has recently bounced off of a strong support level at $0.08568 and is now attempting to break above the $0.09066 resistance level.

Billy Markus, the well-known programmer and creator of Dogecoin (DOGE) in 2013 as a joke took a jibe over FTX's former CEO's recovery plans. The inventor of Doge recently criticized FTX's former CEO's recovery plans in a tweet.

Bankruptcy and layoffs have been the latest trend for crypto and tech companies and Twitter has not been left out. After being acquired by Tesla CEO Elon Musk for $44 billion there had been some prompt changes being made to the social media platform.

Dogecoin price analysis shows a Bearish trend setting up after a continuous bullish momentum for the past few days. Bulls were in the lead from yesterday's high of $0.09057 to the present low at $0.08419.

Cryptocurrency Prices Today 14th Nov: Cryptocurrency markets witnessed their worst seven-day run since June 2022, following Terra's meltdown during the weekend as crypto prices continued to fall. The world's largest cryptocurrency, Bitcoin's price plummeted to $16,103 while the second-largest digital token, Ether, the coin linked to the Ethereum blockchain fell down 6% to $1,191.