Crypto Rally Stalls as Dogecoin Tanks and Bitcoin Tests Key Support: Analysis

In brief

  • The overall crypto market is down just over 3% in the last week. Is it time to panic?
  • Bitcoin remains relatively stable compared to meme coin counterparts.
  • The technical picture remains overall bullish. The next few trading days could prove crucial.

There are two kinds of people in the crypto world: those who think Bitcoin is volatile, and those who trade meme coins.

Sure, Bitcoin is down 3% today, but it’s barely budged over the last week—moving just 2% in the last seven days, after gaining almost 5% in the last 30 days. It’s the sort of sideways action that makes degens yawn. But for those who want never-ending drama, there’s always meme coins.

Dogecoin is the worst-performing coin in the top 10 by market cap, dropping…

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