Dogecoin (DOGE) has shown the most aggressive growth of the top ten digital currencies this week. The altcoin reached $0.105 on April 3 after Elon Musk changed the Twitter logo.
The surge of interest in DOGE on that social platform triggered a more than 20% rise in the coin’s value. No other digital currency in the top ten can boast of such an achievement in the last seven days.
However, already in the middle of this week, interest in altcoin on Twitter began to decline, which led to its rollback to $0.085 on the night of Friday, April 7.
Dogecoin is now capitalized at just over $11.859 billion.
The Relative Strength Index (RSI) had entered the overbought zone the day before, which led to a noticeable decrease in the rate of DOGE.
Analysts do not exclude the possibility that the cryptocurrency will touch the bottom around $0.08.
With the long-term dominance of the bearish trend, the cryptocurrency faces a deeper plunge.
In the long term, however, Dogecoin is still poised for growth if positivity returns to the cryptosphere in the coming months.
A new run could result in DOGE soaring to $0.25, observers predict.
