DOGE drops on Thursday, following disappointing U.S. retail sales data.
Customer spending fell by more than expected in November, dropping by 0.6% last month. Litecoin slipped for a second successive session, falling to its lowest point since late November.Dogecoin remained in the red on Thursday, as prices fell for the ninth day out of the last eleven.
The recent decline saw DOGE hit a low of $0.08694 earlier in today’s session, which is nearly 4% lower than Wednesday’s peak of $0.09224. This move saw the meme coin fall to its lowest point since Monday, nearing a three-week low of $0.0848 in the process.Looking at the chart, bearish sentiment has increased as the 14-day relative strength index fell from its recent floor at the 47.50 mark.Should this point of support be reached, we will likely see DOGE trading near the $0.0840 level.
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