As the hourly cryptocurrency charts show minor signs of weakness, some currencies will dip in the red pretty quickly. Dogecoin is one of the first to do so, which may come as a surprise to a lot of people. Although the losses are not even all that significant, the Dogecoin price is slowly turning bearish. Especially the DOGE/BTC ratio remains under a lot of pressure, for the time being.
Bearish Dogecoin Price Momentum was Expected
In the cryptocurrency world, bearish hourly Bitcoin charts can spell trouble for altcoins, regardless of their total market cap. Although a bearish hourly candle seems more than warranted after the recent gains, it is already spelling trouble for Dogecoin. The meme currency of the internet is losing ground across the board. A dip below $0.002 may not necessarily occur, although it will be tight.