Dogecoin Price Prediction: DOGE demand drops $15B amid Bitcoin rally

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Dogecoin Price Prediction: DOGE demand drops $15B amid Bitcoin rally
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Dogecoin price broke below the $0.40 support on Monday, tumbling 15% in the last seven days despite Bitcoin price hitting new all-time highs.

Dogecoin price fell below $0.40 on Monday, down 15% in the last seven days. The leading meme coin's trading volume has declined by $14.84 billion since December 6, hitting a 40-day low of $5.29 billion on Sunday. In the derivatives markets,

has extended its losses further, sparking major bearish concerns for the week ahead. Dogecoin price vs. Bitcoin The chart above shows the divergence between Dogecoin price movements and Bitcoin price action over the past week. daily spot trading volumes and open interest flows. 's spot trading volume fell to $5.3 billion, marking its lowest level in 42 days since November 3. Dogecoin Spot Trading Volume vs.

price risks further corrections. Combined with Bitcoin’s resurgence, it raises speculations that traders are side-stepping memecoins like

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