• Dogecoin (DOGE) dropped to a multi-week low on Saturday, due to the crypto red wave.
• Shiba Inu (SHIB) also fell to a three-week low following a four-day losing streak.
• Pepe Token surged 77% in 24 hours and led the top 10 meme coins‘ market gains.
Dogecoin and Shiba Inu Price Analysis
Dogecoin (DOGE) dropped to a multi-week low on Saturday, as a red wave continues to wash away recent crypto bulls. The meme coin dropped below a key price floor at $0.080 following today’s plunge. Shiba inu was also lower to start the weekend, falling by as much as 3%.
Dogecoin Price Analysis
Dogecoin (DOGE) moved to a three-week low to start the weekend, as bears pushed the meme coin below a key price level. Following a high of $0.08435 on Friday, DOGE/USD dropped to a bottom at $0.07752 in today’s session. Saturday’s decline saw DOGE fall below a long-term support point at $0.080, hitting its weakest point since April 3. From the chart, it appears that dogecoin has found a new floor at near the $0.0760 mark, which comes as the relative strength index (RSI) also consolidated at 43.21 close to support point at 42.00 and with visible resistance level looks to be 51.00 for DOGE back above $0