It remains to be seen what the coming weekend will offer for the top cryptocurrency markets. A lot of uneasy momentum has materialized in the past few hours, which usually doesn’t bode well for the coming days. When even the Dogecoin price is turning a bit more bearish than it already was, there isn’t much to get excited about right now.
What is Happening to the Dogecoin Price?
It is not necessarily all that common to see Dogecoin – of all currencies – show weakness during a time when one would expect the opposite. So far, the year 2019 has not been too easy for DOGE, even though there is no real reason for this particular development. With the price still not breaking through the $0.002 resistance, and the 50 Satoshi level coming under pressure, things simply do not look good.
Over the past 24 hours, there has been another 0.7% decline in USD value and a 1.17% deficit over Bitcoin. Although the current price of $0.001985 will not worry too many people, the drop to 50 Satoshi isn’t comforting in the slightest….