Markets· ★★· bearish·

Dogecoin at $0.0872: 1.1% Bounce on Volume 64% Below Average

  • —DOGE trades at $0.0872, up 1.10% on the session
  • —Volume of $409.4 million is 64.07% below the 30-day average
  • —Price sits below the 7-, 15-, 30- and 50-day SMAs, down 8.39% on the week
  • —Bitwise is closing its Dogecoin ETF due to weak demand
Why it matters: Thin volume and the ETF closure point to weak demand, leaving the DOGE bounce unconfirmed without a volume-backed recovery.
#DOGE
Source: DiarioBitcoin
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