This week, Dogecoin (DOGE) saw the most aggressive growth of the top ten digital currencies. The altcoin reached $0.105 on April 3 after Elon Musk changed his Twitter logo.
The surge of interest in DOGE on this social platform provoked an increase in the value of the coin by more than 20%. No other digital currency in the top ten can boast such an achievement over the past seven days.
However, already in the middle of this week, interest in the altcoin on Twitter began to decline, which led to its rollback to $0.085 on the night of Friday, April 7.
Dogecoin's capitalization is now just over $11.859 billion.
The relative strength index (RSI) entered the overbought zone the day before, which led to a noticeable decrease in the DOGE rate.
Analysts do not rule out that the cryptocurrency will find its bottom around $0.08.
With a prolonged dominance of the bearish trend, the cryptocurrency faces a deeper dive.
However, in the long term, Dogecoin is still targeting growth if positivity returns to the crypto sphere in the coming months.
The result of the new run could be a rise in DOGE to $0.25, observers predict.
