Dogecoin Struggles to Break Current Resistance Level, Analyst Says

Dogecoin, the meme coin favored by the CEO of Tesla and Bitcoin enthusiast, Elon Musk, remains one of the most talked-about cryptos in the space. This is due to its aggressive performance in smashing one resistance level to another. However, in these past few days, the crypto was having trouble uplifting its position to the next level.

This made crypto YouTuber and enthusiast Matt Wallace react in a tweet post:

The post made by Matt Wallace stated his thoughts about the current swing of Dogecoin and its possible performance in the coming days. The tweet gathered different opinions in the Twitter community with some agreeing while others have different opinions. Furthermore, the tweet has been retweeted over 140 times with 700 likes that are continuously increasing.

On the other hand, Dogecoin remains to be the famous meme coin that entered the top ten crypto assets in CoinGecko. This is because of its supporters that invest hard in the meme token. Of course, let us not forget Elon Musk, the fan of Dogecoin that contributed a lot in the journey of DOGE to success in the crypto world.

At the time of writing, Dogecoin (DOGE) trades at a decent price of $.20 per crypto with a huge market cap of over $26 billion. In addition, it has a 24-hour trading volume of almost $1.2 billion. Indeed, these numbers that Dogecoin recorded continue to catch the attention of investors around the world.