The value of Dogecoin (DOGE) has decreased after attempting to rise above the $0.076 mark earlier in the day. The pullback is said to be caused by a surge in the US dollar, increases in US yields, and declines in US stocks due to hawkish remarks made by Fed Chair Jerome Powell. Despite news of Dogecoin whales transferring a significant amount of tokens from Binance to self-custody, the market remains pessimistic. According to Whale Alert, 67,455,315 DOGE were moved, worth around $5.0 million at the current price. If DOGE falls below the $0.072 support area, it may see a fresh drop back down to its late 2022 lows in the $0.066 range. Investors looking for better alternatives may want to diversify their holdings with some presale tokens that have a great risk-reward.
