DOGE

Dogecoin is once again in the spotlight with speculation that DOGE payments are coming to X (formerly Twitter) as the platform looks to charge users a fee to post and interact on the platform.

Key Dogecoin (DOGE) on-chain metrics recently turned bullish, suggesting that the foremost meme coin is well primed for a significant move to the upside. However, that hasn’t been the case, as Dogecoin’s price has declined lately.

Dogecoin investors have recently seen the crypto stalling at the $0.2 mark as bullish sentiment amongst whales and other traders starts to falter. Interestingly, DOGE has yet to have a tangible breakout above the $0.2 mark since March 31.

The Dogecoin price has been unable to properly break out of the $0.2 as bears have set up resistance around this level. This has led to a stall around this price point, especially as investors panic and begin to sell their DOGE at what some believe is a high price point.

Dogecoin has scored a new milestone by becoming one of the top-traded cryptocurrencies on a major cryptocurrency exchange in Korea.

Dogecoin is now looking to write its price trajectory for the rest of the month following an interesting series of price actions last week. The meme token saw its value fall from $0.2099 to $0.1689 last week, representing a fall of almost 20% within the space of a few days.