Dogecoin (CRYPTO: DOGE) traded 1.4% lower at $0.08 over 24 hours leading up to early Wednesday morning. 

DOGE declined while major coins traded mixed at press time. The global cryptocurrency market cap rose 0.8% to $1.3 trillion.

See Also: How To Get Free NFTs

The DOGE Factors

• DOGE was not among the most trending coins on Twitter at press time, according to Cointrendz data.
• The 24-hour trading volume for DOGE fell 6.95% to $478.53 million at press time, according to CoinMarketCap.
• Coinglass data indicated that $1.49 million worth of DOGE were liquidated over 24 hours as the price of the meme coin declined at press time.

No Takers For The Dip

Despite yield on the benchmark 10-year treasuries falling to the lowest since late April, the sheen has not been restored to cryptocurrency markets, noted OANDA Senior Market Analyst Edward Moya.

Moya said sentiment for risky assets has fallen off a cliff. “Normally plunging Treasury yields makes crypto attractive but right now no one wants to buy this dip.”

Chart Shows Some Hope

At press time, DOGE’s relative strength index was at 34.39. The RSI has moved between 25% and 35% since May 11. RSI below 30 indicates an asset is oversold.

DOGE On The Web

Dogecoin millionaire Glauber Contessoto reiterated Tuesday that he has not sold his holdings of the meme coin. 

Contessoto revealed that his “goal ratio” is 70% solid cryptocurrencies and 30% speculation plays. He said, “I know I lean a little heavier on specs but I dig it”

Read Next: This Solar Company's 5-Year Return Makes Bitcoin, Dogecoin, Tesla, Disney, Apple, Microsoft, Ford And Amazon Look Trivial