Will #Dogecoin (DOGE) Struggle to Recover After a Steep 8% Drop?

DOGE has dropped 8% to $0.1981.

The market faced $12.60 million in DOGE liquidations.

#Bitcoin tumbled back to $87.7K, while #Ethereum stabilized around $2.1K as the crypto market extended its decline. Meanwhile, the dog-themed #Dogecoin (DOGE) took a hit, shedding over 8% in the last 24 hours.

DOGE’s trading pattern shows a blend of bullish and bearish signals. The meme coin opened the day trading at a high of $0.2192. As bears took charge, the price slipped to a low of $0.1915.