Dogecoin fell 7% on Wednesday, while its daily golden cross remained intact and the token tested important support levels. According to NS3.AI, analyst Kevin identified the US$0.083 to US$0.089 range as an important support zone and said that a correction toward the recently recovered moving averages would be normal.
Kevin added that the maintenance of support could ultimately depend on Bitcoin’s performance. The CEO of Metallicus and a member of the Dogecoin Foundation’s board, Marshall Hayner, also stated that a separate payments layer, based on proof of stake and developed by Metallicus and the Metal Blockchain, is 300 times faster.
#DOGE
$DOGE
Kevin added that the maintenance of support could ultimately depend on Bitcoin’s performance. The CEO of Metallicus and a member of the Dogecoin Foundation’s board, Marshall Hayner, also stated that a separate payments layer, based on proof of stake and developed by Metallicus and the Metal Blockchain, is 300 times faster.
#DOGE
$DOGE