fxstreet.com
Dogecoin price (DOGE) has dropped after Twitter pulled down the Shiba Inu dog logo and resumed its bird use.
DOGE is down almost 8% in the last 24 hours, with the 1-day chart indicating the possibility of a prolonged downtrend that could see the altcoin resume its April 2 lows before another leg down. Notably, this is the largest percentage decrease since March 9, when the altcoin dropped 10.80%.
DOGE/USDT 1-day chart
Twitter’s move to restore its original logo has showcased a typical ‘pump and dump’ scenario for the dog-themed coin, causing it to shed more than 50% of the ground covered on April 3. More details to come on Elon Musk’s latest decision.
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