The crypto market seems to be at the peak of its volatility. An array of assets like Dogecoin [DOGE], Ethereum [ETH], and even the king coin Bitcoin [BTC] were seen slumping after amassing significant gains just yesterday. Despite this downfall, certain coins like Binance Coin [BNB], Polkadot [DOT], as well as Solana [SOL], were bagging gains.
Solana [SOL] was at its peak. The altcoin surged to a high of $240, at press time and even climbed up the crypto ladder. Solana pushed prominent coins like Tether [USDT] and Cardano [ADA] down as it stood as the fourth-largest coin, right below BNB.
Bitcoin [BTC] managed to steer above the $60K level albeit having bears in its market. During press time, BTC was priced at $61, 482.
Over the last couple of weeks, meme coins like Shiba Inu [SHIB] and Dogecoin [DOGE] were seen making significant profits. Apart from this, the community had great fun watching both these assets battle it out to secure the ninth spot. Seems like Dogecoin won the battle as SHIBA dropped down by two spots.
Despite garnering victory here, Dogecoin witnessed a notable drop over the last 24-hours. Similar to other assets in the market DOGE was in a slump. At the time of writing, DOGE was trading for $0.26 with a 3.69% daily dip.
Additionally, the market cap of the altcoin was at $34.8 billion.
Dogecoin [DOGE] one-hour price chart on Binance
A strong sense of a bearish notion was noted in the one-hour price chart of Dogecoin. The Parabolic SAR indicator used in the short-term chart exhibited a bearish sentiment as the indicator laid out dotted lines over the price candles. The MACD indicator followed suit by forming a bearish crossover that couldn’t be reversed anytime soon.
Sellers were all of the DOGE market. The Relative Strength Index [RSI] indicator revealed that the altcoin was headed towards the oversold zone.
