DOGE falls to 5-day low, as market sentiment shifts.
Dogecoin slipped to a five-day low on Wednesday, as the meme coin fell for a second straight session. The move saw prices drop by over 5%, edging closer towards a key price floor in the process. Polygon also extended recent declines, hitting its weakest point since January 19.Dogecoin dropped to a five-day low on Wednesday, as the global cryptocurrency market cap fell by as much as 3% today.
Should this take place, and result in a crossover with the 25-day moving average, then DOGE will likely be trading below $0.080.Polygon was also in the red on hump day, with the token moving lower for a third consecutive day. Similar to dogecoin, today’s decline has pushed polygon to its weakest point since last Thursday, when prices were trading at a floor of $0.940.Looking at the chart, price strength also edged lower, with the relative strength index falling below a floor of 58.00.
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