DOGE

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.

Dogecoin has been stuck in a price correction since March 31, falling by 21% from $0.2214. This has seen DOGE falling across a number of metrics, including the MVRV ratio. The MVRV ratio recently turned negative, a condition that indicates many holders are currently at a loss.

Crypto analyst Crypto Kaleo recently suggested that now was the best time for investors to position themselves in Dogecoin (DOGE). This came following his statement, which hinted at a price surge for the foremost meme coin in the coming days.

The Dogecoin price is down double-digits today after an eventful week of upward movement. This has seen a good part of its gains eliminated in the last day, pushing the coin into the red along with the rest of the market.