#Dogecoin price slumps after recent surge: How low could it go?
Dogecoin’s price action shows volatility, with indicators suggesting where DOGE might head next amidst shifting market sentiment.
Dogecoin has continued to see a positive funding rate despite its decline.
Price has dropped by almost 5% as of this report.
Dogecoin’s recent price action has been dramatic, with the popular meme coin surging to one of its highest points in the last month before experiencing a sharp reversal. This volatility has left investors questioning how low the asset might drop if this bearish trend continues.
Analyzing DOGE’s price trend, the NVT (Network Value to Transaction) ratio, and overall market sentiment provides some insight into the potential direction of the coin in the coming days.
