Dogecoin dropped by 7%, Ethereum-based tokens were affected.

Dogecoin Declined

Dogecoin fell approximately %6.9 from $0.1085 to $0.1030 as the broader cryptocurrency markets weakened. This wave of selling occurred as investors took on risk-averse positions and due to intense derivative speculation.

During this period, it was observed that while futures trading volume increased, cash transactions decreased. Investors believe that $0.10 is an important support level. If it falls below this level, the decline could progress towards $0.08. On the other hand, a rise back into the $0.106 - $0.110 range would be considered a recovery signal in the markets.