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Benzinga
Benzinga
Business
Melanie Schaffer

Bad Dog! Is Dogecoin Headed To 5 Cents? Here's Why Bulls Need To Step In

Dogecoin Crypto

Dogecoin (CRYPTO: DOGE) spiked up 16% at one point during the 24-hour trading session that began on Thursday at 8 p.m. but by Friday afternoon, the crypto had retraced about 9% from its high-of-day.

The spike higher offered some relief to traders and investors holding the Shiba Inu-themed cryptocurrency, which plummeted about 47% between Monday and Thursday, to reach a low of 6.5 cents.

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