Dogecoin Price Prediction as DOGE Drops by 10% – Can the Bulls Regain Control?

Dogecoin (DOGE), the cryptocurrency that powers the decentralized payments-focused Dogecoin blockchain, has slumped during Wednesday’s US trading hours. The sell pressure began after DOGE failed to break above its 21-Day Moving Average (DMA) in the mid-$0.070s, and after a failed attempt on Tuesday to retest the 200DMA around $0.079. Near-term price predictions have subsequently become more bearish.