Till the last day of August Dogecoin was doing appreciable work it recovers losses and recovered 18% out of it. On Monday Dogecoin was recorded more than 18 percent gains against the US Dollar.
The DOGE/USD kickstarted the day adding value to its prevailing upside momentum. During the early Asian trading session, the pair had made higher highs towards 0.00572-fiat. It only began to stumble as the session matured and fell towards 0.00498-fiat at the beginning of the European session. Thenceforth, DOGE/USD is consolidating sideways within a narrow trading range.
As of now, the sentiment in the Dogecoin market remains to be biased towards bulls in near-term.
The Dogethereum announcement impact continues to stay, but there are concerns in the markets as selling sentiment near the intraday highs remain. DOGE/USD has already broken below the ascending trendline formation (depicted in orange) and could continue to head downwards as other top coins gain momentum, including Bitcoin that looks stable and impressive for the past few days.
It was on the top of the list until the end as recovered all its losses and have a great come back with 18% of profit.