DOGE price has declined by 10%: Dogecoin’s (DOGE) price has fallen almost 10% in the last 24 hours, causing its market cap to drop below 60 billion USD. Traders are closely monitoring this decline, with bearish indicators suggesting a continuation of the downtrend for the cryptocurrency.

Ichimoku signals bearish phase: The Ichimoku Cloud has turned bearish on Dogecoin (DOGE), as the price has slipped under the cloud. Bearish sentiment is confirmed by the Tenkan-SEN dipping below the Kijun-SEN, suggesting a potential further decline. Additionally, the ADX at 26.3 implies increasing selling pressure.