Dogecoin, a dog-themed cryptocurrency released in December 2013, is caught in an extended bearish momentum as it continues to struggle to trim its losses and regain its bullish run. Dogecoin has already lost 91.8% of its $0.73 ATH The $0.057 marker is crucial for DOGE to regain its losses The meme crypto is in danger of hitting prices as low as $0.0140 The meme crypto that rose to popularity – thanks to the billionaire and self-proclaimed “Dogefather” Elon Musk’s promotion – attained its all-time high on May 8, 2021 when it peaked at $0.73. But DOGE has now lost 91.8% of that value. At press time, according to tracking from Coingecko, the altcoin is trading at $0.060. The nightmare started for the Shiba Inu-inspired token in December last year when it plummeted below the crucial $0.173 marker. Since then, the digital asset has been struggling, recording new lows to date and matching its yearly lows during the month of June and September. Analyzing DOGE Price Movement The recent and ongoing bear market put dogecoin below is 20 and 50 Exponential Moving Average (EMA) which is a metric used to measure trend direction over a period of time. Related Reading: Chiliz Social Mentions Hit Highest Level In Last 90 Days – Can CHZ Price Be As Hot? Source: TradingView DOGE bulls are being kept under control by Dogecoin’s trendline reversal and have failed to sustain the $0.0607 high liquidity zone over the last days. If t...
