Dogecoin Confirms Death Cross Formation on 3 Hours Chart

Key Points

1. Dogecoin (DOGE) plunged by 16.85%, dropping from an intraday high of $0.212 to $0.1985, reflecting a 3.27% decline in the last 24 hours.

2. Trading volume for DOGE is low at $2.75 billion, with only 0.65% in the green.

3. A Dogecoin whale withdrew 200 million DOGE from Robinhood, valued at approximately $43 million, which could impact market dynamics.

4. Bitcoin's recovery from its downward trend might influence Dogecoin's potential rebound.

5. Dogecoin's Relative Strength Index (RSI) was recorded at 42.34 at the time of reporting.