Dogecoin (DOGE) price sees 6% dip, there's hope for rebound DOGE $DOGE
, now the ninth largest cryptocurrency by market capitalization, saw a significant drop on March 3, as it printed a massive red daily candle. The entire crypto market tumbled in response to fears that the Silvergate bank crisis might negatively impact it.
Affected by the bearish sentiment, Dogecoin dipped from highs of $0.08 to intraday lows of $0.0732 on March 3 before buyers came to the rescue. Dogecoin met the support at this level as its price quickly rebounded shortly thereafter, as evidenced by three green four-hourly candles., the significance of the $0.073 low is explained this way:
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