Dogecoin has dropped below the $0.20 level as the crypto market experiences selling pressure. Bitcoin and other digital assets are also down, resulting in over $1 billion in liquidations. The announcement of a crypto strategic reserve did not have the desired effect on the market, as macroeconomic concerns outweigh the excitement. Dogecoin briefly rose to $0.242 before falling to lows of $0.185. It is currently down 12% in the last 24 hours and 4.61% for the week. The coin needs to break above the daily moving averages to indicate a bullish recovery. The Dogecoin Foundation has welcomed five new developers, providing more support for Dogecoin projects.



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