Not too many of the top crypto markets are noting real gains as of right now. While that is somewhat annoying, it is also completely to be expected. Even the Dogecoin price is feeling a bit of pressure, yet it seems to maintain its current value without too many problems. Traders will be pleased to hear the 52 Satoshi level is still in play.
Dogecoin Price Trend Tries to Stay Positive
When the top crypto markets begin showing signs of weakness once again, it is a matter of time until bearish momentum materializes. With Bitcoin on the verge of dipping in the red, the coming hours will prove to be very crucial. For Dogecoin , there is nothing to worry about just yet, as everything remains in the green. That is somewhat surprising, although also a promising sign for all other markets.
Over the past few hours, most of the positive cryptocurrency momentum has evaporated completely. This is visible where the Dogecoin price is concerned as well. A 0.4% gain in USD value and a 0.55% improvement over Bitcoin are not spectacular by any means. It is still far better than losing value like some other markets valued at a similar market cap. With the price still at $0.002030, things are looking rather positive.
On social media, it would appear the overall DOGE sentiment isn’t exactly bullish either. While some resistance has been broken earlier this week, there is no real continuation of the uptrend. This is primarily because of Bitcoin’s sideways and bearish trend, but also because a lot of effort has been put into reclaiming the 52 Satoshi level. Keeping the price above $0.002 is also an ongoing struggle at this time.
Dogecoin finally broke out of resistance this week but still looks pretty bearish via /r/dogecoin https://t.co/MuzcxJV5wv hot