What’s Next for Dogecoin (DOGE) as It Falls and Underperforms the Crypto Market with a Bearish Sentiment Score on Wednesday?
InvestorsObserver has issued a bearish rating for Dogecoin (DOGE), which is currently trading at $0.073. The crypto has earned a bearish rating on the InvestorsObserver Sentiment Score, which measures the performance of DOGE over the past five days by volume and price movement, indicating a short-term downturn. The current price of DOGE is close to its five-day low of $0.0727. The support level for the crypto is around $0.0728, while resistance is at $0.0756. Yesterday, the broader crypto market was up 2.73%, while DOGE fell 1.11%. The crypto has recently traded on low volumes, which may make it less suitable for some short-term investors. DOGE is a coin, which is a cryptocurrency that exists on its own blockchain and is typically used for payments. However, depending on the cryptocurrency, the purpose of those payments may vary. Due to a lack of data, some investors may find DOGE less suitable for their portfolios.