Dogecoin
Why Dogecoin is down 3.5% today
Analysis
Dogecoin (DOGE) fell about 3.5% over the past 24 hours as market attention shifted away from DOGE amid commentary that Bitcoin Cash could “dethrone” Dogecoin if a bullish Bollinger Bands setup plays out. U.Today’s report framed BCH as showing an upside technical signal, which may have contributed to relative weakness in DOGE as traders rotated focus to assets with more constructive near-term setups.
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.