Dogecoin
Why Dogecoin is down 3.7% today
Analysis
Dogecoin (DOGE) fell 3.7% over the past 24 hours as traders digested a bearish relative narrative highlighting potential rotation away from DOGE. U.Today reported that Bitcoin Cash could “dethrone” Dogecoin if a Bollinger Bands upside signal plays out, which may have pressured DOGE sentiment and contributed to the pullback.
Contributing Factors (1)
Bitcoin Cash May Dethrone Dogecoin If Bollinger Bands Upside Signal Plays Out
Bitcoin Cash has outperformed Bitcoin, and with more upside ahead, it could flip Dogecoin in the rankings.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.