As was somewhat to be expected, the overall bearish market sentiment materializing yesterday is still in place today. Following some steep losses by Bitcoin and other top markets, the entire top 20 by market cap has turned red. Recovering any of these losses will pose its own set of challenges, even where the Dogecoin price is concerned.
It has not been a fun week for Dogecoin and other cryptocurrencies. Whereas some had high hopes for a trend reversal over the weekend, the reality often works out in a very different manner. More specifically, there has been another wave of downward pressure on Sunday, which is still in effect a day later. This doens’t bode well for any cryptocurrency, token, or asset on the market today.