DOGE retraces, but a trend change is predicted
What is behind the current levels of DOGE?
The drop of BTC below $104,000 triggered a wave of selling across the crypto market. As Bitcoin broke this key support, numerous altcoins began to record strong retracements, and Dogecoin was no exception.
In the last 24 hours, the total market capitalization of memecoins decreased by 6.2%, reflecting the current nervousness of investors in this niche.
To this context, another factor that pressures DOGE's price is the delay in the approval of its spot ETF by the U.S. SEC.
