DOGE down 10% to start the week.
Dogecoin was down by as much as 10% to start the week, as the token retreated from Sunday’s high. The meme coin raced to a three-week high over the weekend, however bulls appeared to have abandoned their positions, opting to secure profits. Xrp, formerly known as ripple, fell for a third straight session on Monday.Dogecoin was 10% lower on Monday, as traders moved to secure profits following recent gains.
Following a high of $0.1057 on Sunday, DOGE/USD slipped to an intraday bottom of $0.09302 to start the week. The drop saw the token move closer to a key support point of $0.090, less than 24 hours after hitting a three-week high.As can be seen from the chart, the move comes as the 14-day relative strength index failed to break out of a ceiling of 60.00.Despite the current decline in price, momentum still remains bullish, with the 10-day moving average still positioned for an upwards cross.
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