This week, the Dogecoin (DOGE) coin showed the most aggressive growth of the top ten digital currencies. Altcoin reached $0.105 on April 3 after Elon Musk changed the Twitter logo.
The surge of interest in DOGE on this social platform provoked an increase in the value of the coin by more than 20%. No other digital currency from the top ten can boast such an achievement over the past seven days.
However, already in the middle of the current week, interest in the altcoin on Twitter began to decline, which led to its rollback to $0.085 on the night of Friday, April 7th.
The capitalization of Dogecoin is now just over $11.859 billion.
The Relative Strength Index (RSI) entered the overbought zone the day before, which led to a noticeable decrease in the DOGE rate.
Analysts do not exclude that the cryptocurrency will find a bottom in the region of $0.08.
With a long-term dominance of the bearish trend, the cryptocurrency is threatened with a deeper dive.
However, in the long term, Dogecoin is still on the upside if the positivity returns to the cryptosphere in the coming months.
The new run could result in DOGE soaring to $0.25, observers predict.