Dogecoin's price plunged 23% in the past 24 hours, reaching a low of $0.15, as a death cross appeared on its two- and three-hour charts. This technical indicator, often seen as a bearish signal, coincided with a broader market downturn. The cryptocurrency market experienced $19.36 billion in liquidations, with $16.85 billion stemming from long positions, according to CoinGlass data.
The decline in Dogecoin's value follows a significant sell-off that began on October 6. Currently trading at $0.196, Dogecoin has dropped 24% over the past week, reflecting the ongoing volatility in the crypto market.
Dogecoin Plummets 23% Amid Market Liquidations and Death Cross
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