$DOGE (ANALYSIS)
DOGE also suffered and mirrored the price action of SHIB with a 12% loss this past week. After a strong rally at the end of September, the price made a full reversal in the first few days of October. At the time of this post, the cryptocurrency is at 10 cents and appears to be holding well.
Despite the recent price drop, DOGE remains in an uptrend and could recover in the coming days as long as the support at 10 cents is not lost. This may allow buyers to have another go at the 14 cents resistance, which, so far, has managed to stop any major rally.
Looking ahead, meme coins such as DOGE appear better placed to recover faster once market optimism returns. This is contingent on BTC and ETH not making new lows in the coming days.
