Why is Dogecoin price down today? By Cointelegraph

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The price of Dogecoin (DOGE) is down today, mirroring trends elsewhere in the cryptocurrency market.

On Nov. 28, DOGE’s price dropped over 3.5% to $0.076, underperforming the crypto market, which fell by around 1.25% in the same period. The memecoin’s price decline is part of a broader correction that has witnessed nearly a 12.5% retreat in over a week.

daily price chart. Source: TradingView

Bearish divergence

daily price chart. Source: TradingView

Rising dominance

BTC.D daily performance chart. Source: TradingView

Psychological resistance

DOGE/USD daily price chart. Source: TradingView

DOGE whales sell

DOGE supply holdings among addresses with 100 million-infinity token balance. Source: Santiment
DOGE/USD weekly price chart. Source: TradingView