Dogecoin feels the bite crashing 10% in a day

Dogecoin ( DOGE ) plunged 10% on Monday, September 22, as the broader crypto market’s total value dropped below $4 trillion once ￰0￱ $0.2406 at press time, DOGE is on the verge of breaking below its rising wedge formation, a move that could cast doubt on its future ￰1￱ 24-hour price.), and it has slipped under its 7-day small moving average ( SMA ) at $0.270. Momentum indicators confirm the negative outlook, as the moving average/convergence divergence ( MACD ) histogram flattened to +0.000032, signaling fading bullish momentum. Finally, the recently launched REX-Osprey Dogecoin ETF , which broke all records on its launch hitting six times the volume of an average fund launch, was also down nearly 6%, as bullish fervour ￰2￱ image via Shutterstock