The meme coin market has been particularly volatile this week, with most tokens seeing significant price swings. Dogecoin (DOGE) hasn’t been spared from the volatility and has faced a 20% decline since Sunday’s high. However, investor interest is now shifting towards Dogecoin20 (DOGE20), an emerging project set to debut on Uniswap later this month.Dogecoin has taken a bearish turn this week. The meme coin’s price has slid to $0.
179 after three consecutive daily red candles, marking DOGE’s lowest price in the past nine days.Traders attempted to push price through that zone on Thursday and Sunday of last week, but each rally was rejected – creating a double-top pattern on the 4-hour chart. Adding to the bearish momentum, DOGE closed below its 20-day exponential moving average (EMA) on the daily timeframe yesterday. This is often viewed as a sell signal by technical traders since it indicates waning upside momentu