DOGE falls by 6%, as meme coin gives up 5 days of gains.
Dogecoin saw a five-day winning streak snapped on Wednesday, with today’s drop engulfing recent gains. The meme coin fell by as much as 6% in today’s session, as sentiment in the crypto market shifted. Solana was also lower, plunging by 9%.Dogecoin plunged on Wednesday, as bears entered the market, snapping a five-day win streak in the process.
One of the main catalysts for the drop seems to be a breakout on the relative strength index , which fell below a floor at 60.00. DOGE has since rebounded, and is currently at $0.08815, however should the RSI continue to fall, the coin could move below $0.0850.SOL/USD dropped to a bottom at $22.27 earlier in the day, which comes following Tuesday’s peak at $25.22.
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