Mapping Dogecoin’s price targets after memecoin market cap falls below $100B

AMB Crypto 10 months ago 166

Journalist

Heightened Dogecoin circulation and lowered volatility highlighted HODL behavior
Price action chart outlined $0.316 as a vital short-term support

At the time of writing, Dogecoin [DOGE ($0.15)] was struggling to trend higher on the price chart. The bullish euphoria around DOGE and the rest of the memecoin market from two months ago has evaporated though.

This was partly due to Bitcoin [BTC ($87,678.00)] which has struggled to establish the $100k-level as support over the past six weeks.

Data from CoinMarketCap revealed that the memecoin market cap was only $96.5 billion at press time, compared to $137 billion on 09 December. This correction underlined the bearish sentiment behind Dogecoin and other memes.

Can the sector’s leader recover in the coming weeks?

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