The crypto market has been dull with no many price actions from coins. Some of these coins are gradually dipping to levels that haven’t in a long time. While others are gradually surging and are returning to the point where the surge started.
One coin that is experiencing little price actions is DOGE. The seventh coin by market cap saw a high of $0.35 but could not continue above this price mark. Dogecoin saw a low of $0.32 in the last 24 hours as its trading volume continues dipping.
DOGE current price saw it relinquish the sixth spot in the market cap ranking as its market cap dips by more than 2% and below $44 billion in the last 24 hours. In recent times, DOGE owed its quick surge to Elon Musk who is considered the coin Godfather.
The current dogecoin price movement shows that the seventh largest coin is stuck trading between $0.35 and $0.35. Important news or announcement may be all that DOGE needs to break these price barrier. Dogecoin may also surge along with the rest of the crypto market if the crypto market sees an influx of investors.
The barely three weeks old coin got to its all-time high of $737 a few hours after its introduction to the market. Internet computer is now trading at more 82% lower than its ATH as the coin started a downward price retirement after the milestone.
As of the time of writing, the pivot point standard shows the coin still under the bears’ control as it is trading below its pivot point. The now tenth-largest coin by market cap may come under intense pressure to relinquish its spot if the extended bearish control continues to dip the coin.
ICP has been trading between $160 and $120 in the last three days. How prices will play out in the coming days is unclear as the current chart pattern is an asymmetric triangle.
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This article is Originally posted on CoinCentral.com
Author: Gideon Geoffrey