Dogecoin eyes ‘oversold’ bounce as DOGE price gives up 90% of yearly gains

2022.05.12 20:36

Dogecoin eyes ‘oversold’ bounce as DOGE price gives up 90% of yearly gains

Dogecoin (DOGE) shows the prospect of undergoing a strong price rebound after reaching a technical support confluence on May 12.

DOGE’s 45% price drop to $0.065 this week, or a 90% decline from its record high of $0.76 a year ago, was met with decent buying sentiment. As a result, the token underwent a modest price rebound on May 12, rising over 10% to $0.078.

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