Dogecoin (CRYPTO: DOGE) was trading 1.29% higher at $0.20 in the 24 hours prior to early Monday morning.
What’s moving? The meme cryptocurrency is down 7% over a seven-day period.
Against coins with a larger market capitalization such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO:ETH), DOGE fell 3.03% and 7.95% in 24 hours, respectively.
Since the start of 2021, DOGE is up 3549.67%, but the coin is down 28.59% in the last 30 days and 19.47% in the last 90 days.
Also see: How to buy Dogecoin (DOGE)
Why does it move? DOGE’s gains on Monday coincided with other major coins as the cryptocurrency market cap surged 5.42% to $1.96 trillion.
At press time, DOGE saw moderate interest on Twitter and was mentioned in 1,154 tweets, according to Cointrendz data.
The most mentioned cryptocurrencies were BTC and ETH with 5,995 and 3,268 mentions on Twitter respectively.
Large Cap Cryptocurrency are on a rebound after shaking off the last ban imposed by the People’s Bank of China.
Analysts have also largely rejected the Chinese regular’s latest move. “It seems negative to have China ban bitcoin and cryptocurrencies, but the market doesn’t care much after the 100th time,” said cryptocurrency entrepreneur Anthony Pompliano.
DOGE has a inside bar pattern, which is a sign of consolidation in the coming period, Melanie Schaffer of Benzinga wrote on Sunday.
According to Schaffer, DOGE is trading in a steep downtrend but holding above a key USD 0.197 support level. If DOGE loses support at this level, it could drop to 16 cents.
Meanwhile a DOGE knockoff Saitama Inu saw 24-hour profit on Sunday that skipped the price action seen in DOGE in a comparable period.
In the past 30 days, SAITIMA is up a whopping 1085.95% while its 90-day gain is 24061.07%.