Dogecoin Drops 4.5% to $0.304 – Where to Buy DOGE Weekend Dip?

Dogecoin, a token created as a joke to mock Bitcoin, has become an important digital asset whose holders are increasing day by day. Elon Musk's favorite cryptocurrency has lost more than 20% in the last seven days and has lost 4.5% in the last 24 hours. DOGE started June with very high expectations after being listed on Coinbase Pro, one of the leading US exchanges. However, the coin seems to be stumbled again and heading for strong bearish momentum. At the time of writing, dogecoin was trading at $0.304 on major exchanges after falling nearly 4.5% from the previous day's closing price. Dogecoin Price Analysis Source: TradingView The recent drop of Dogecoin could prepare the coin for another weekend rally, fueling the coin for another upward price action like triggered by the "Coinbase Effect" on June 4. Dogecoin has come under pressure from the broader crypto market, but that doesn't seem to be the case this month. Bitcoin is preparing the crypto market for another bullish rally and could give the broader crypto market the boost it needs to save it from the bears. However, Dogecoin does not appear to be recovering in response to bitcoin's stability. Still, that doesn't mean the token won't be heading for another bullish rally anytime soon. Dogecoin made the news this week thanks to the rise of NFTs. If the meme coin manages to tap into the potential of the NFT field, it could increase the value of DOGE. The original DOGE image was sold as NFT on Ethereum for a seven-figure sum. The original dogecoin image shows a Shiba Inu dog whose popularity peaked in 2010. The token was issued by the original author of the token, which sold for over $4 million. Musk also ignited the dogecoin rally, and the Tesla boss may ignite another rally in a tweet in the coming weeks. Now that Musk is a big supporter of DOGE, there's a good chance he's tweeting about the token and

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