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What is the next Dogecoin price prediction? We explain why it has formed a menacingly bearish double-top pattern on the 4H chart

Electric car maker Tesla Inc (NASDAQ: TLSA) continues to hold on to Bitcoin (CRYPTO: BTC) but only accepts Dogecoin (CRYPTO: DOGE) for making purchases. What Happened: Tesla's fourth-quarter financials revealed that, for the second quarter in a row, the electric car maker neither bought nor sold any of its Bitcoin holdings.

Major coins traded in the green on Wednesday, as the global market cap rose 4.10% to $1.06 trillion, recorded at 8:30 p.m. EST. Cryptocurrency Gains Price Bitcoin +3.44% $23,227 Ethereum +5.76% $1,623 Dogecoin +4.58% $0.086 What Happened: The largest cryptocurrency by market value, Bitcoin (CRYPTO: BTC), rebounded from a late Tuesday swoon to trade above $23,000.

Bitcoin and the wider crypto market began to correct after the bullish momentum that drove last week's rally to year-to-date highs started to fizzle out.

Key Points: According to a top analytics firm, the bulk of Dogecoin (DOGE) holders are now witnessing gains following the cryptocurrency's impressive performance this month. According to IntoTheBlock, 55% of DOGE owners are in the green, 40% are losing money, and 4% are breaking even.

Dogecoin slipped to a five-day low on Wednesday, as the meme coin fell for a second straight session. The move saw prices drop by over 5%, edging closer towards a key price floor in the process. Polygon also extended recent declines, hitting its weakest point since January 19.

Cryptocurrencies cooled off today after a good start to 2023.

With the first month of 2023 already nearing its end, the majority of chatter in the cryptocurrency space revolves around its most well-known representatives – Bitcoin (BTC) and Ethereum (ETH). However, there are plenty of assets that are equally deserving of the investors' attention and which are obtainable for under a dollar.

Dogecoin price analysis is showing signs of a downtrend, as the price has been following a decreasing movement for the last 24 hours. Although cryptocurrency was under bullish pressure for the most part of yesterday, the price failed to break above $0.08919 and has been steadily falling since then.

Dogecoin witnessed a 30% rally in January amid the recovery in the crypto market. However, a market-wide selloff in the last two days has also led to a slight pullback in DOGE price.

Dogecoin price appears to have taken breathe from the New Year rally which had propelled it to highs around $0.0940. The leading meme coin is down 4.8% on the day while trading at $0.0840 at the time of writing. This trend pullback is not unique to DOGE, with Ethereum sliding 5%, Cardano and Solana both losing 6.2% while Shiba Inu is trading 6.6% down on the day.

Dogecoin (DOGE) News: Dogecoin whales are accumulating the memecoin as it takes a trajectory of fluctuation ahead of the Tesla Q4 earnings release. It may be recalled that during the second quarter earnings call, Elon Musk said Tesla did not sell any of the DOGE holdings.

Despite the hefty losses across the board, cryptocurrencies like Dogecoin and Cardano have enjoyed a heady start to the new year.

A leading analytics firm shows that the majority of Dogecoin (DOGE) holders are now seeing gains after its strong performance this month. IntoTheBlock reveals that 62% of Dogecoin owners are in the green with 36% nursing losses and 2% breaking even.

Despite the daily price drops, the total crypto market cap is still well beyond $1 trillion.

The result is due to the intervention of developers and Elon Musk

After the year started optimistic for most of the cryptocurrency market, the momentum seems to be slowing down, including for the dog meme cryptocurrency Dogecoin (DOGE), which has gained over 21% since January 1 but declined more than 5% over the past day.

Crypto market capitalization dropped 3.5% in the past 24 hours following a decline in U.S. equity markets.

Meme coins such as Dogecoin and Shiba Inu draw much of their momentum from social activity. However, there could be a new social king of the meme coins with Rich Quack.

The price of the meme-inspired cryptocurrency Dogecoin ($DOGE) could soon see a breakout rally that would see it rise above its current levels after it underperformed other meme-inspired cryptocurrencies in the cryptocurrency space's latest rise.

Major coins traded in the red on Tuesday, as the global cryptocurrency market cap slid 3.58% to $1.03 trillion, as of 8:30 p.m. EST. Cryptocurrency Gains (+/-) Price Bitcoin -2.45% $22,410 Ethereum -6.07% $1,530 Dogecoin -7.51% $0.082 What Happened: The largest cryptocurrency by market value Bitcoin (CRYPTO: BTC) was trading below $23,000.

With cryptos regaining the $1 trillion mark, enthusiasm runs high although investors have enough reasons to be cautious.

The crypto market has been off to a pretty good start this year, with Bitcoin hitting $23,000, and Ethereum hitting $1,650 today, completely reversing the losses triggered by the FTX implosion and looking primed to go harder.

Data shows a Dogecoin whale has deposited more than $5 million in the crypto to Coinbase. Here's what it may mean for DOGE's price.