Why is Dogecoin's value dropping today?

Shuttering Bitcoin mining and an overall crackdown on cryptocurrency trading in China is having ripple effects on other digital currencies like Dogecoin. The campaign to eliminate a use case on cryptocurrencies is why Dogecoin's value is dropping today. Howard Smith has no position in any of the stocks mentioned.

Is Dogecoin about to hit $1?

People trying to wish Dogecoin to the $1 mark are seeing it pushed in the wrong direction. Dogecoin ( DOGE 6.69%) is trading down about 15% at nearly $0.22 as of 10:30 a.m. EDT.

Is Dogecoin oversold?

According to chart indicators, Dogecoin is looking bearish. The coin has plummeted below its 100-day SMA (simple moving average), and its next support could be its 200-day SMA of $0.1509. Also, DOGE may be oversold after the recent crash, with a 14-day RSI (relative strength index) score of 31.6.

What is Dogecoin (Doge)?

What Is Dogecoin? Dogecoin (DOGE) is based on the popular "doge" Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin's creators envisaged it as a fun, ...