DOGE drops 8% today, as Twitter removes meme coin logo.
Dogecoin was once again in the red on Friday, as Twitter finally removed the doge icon as its logo. The meme coin raced to a four-month high earlier in the week, after the social media giant unexpectedly added a cartoon image of doge on its website. Overall, crypto markets were mostly lower, with xrp a notable exception.Dogecoin fell for a fourth consecutive session on Friday, as Twitter finally removed the doge icon as its logo.
DOGE/USD surged to a high of $0.1048 on Tuesday, however as sentiment shifted, the meme coin fell to a low of $0.08185 earlier today. Bears appear to be pushing doge towards a long-term floor at $0.0780, with prices down by nearly 9% today.Looking at the chart, the latest drop in price coincided with the 14-day relative strength index falling below support at 55.00.
Currently, price strength is tracking at the 52.85 mark, with a lower floor at 50.00 a possible target for sellers.
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