The cryptocurrency market is giving up some of its gains as the new weekly candle opens after an excellent performance on Sunday. Bitcoin has dropped below $81,000, while Ether risks losing the $2,300 support level. Memecoins, led by Dogecoin, are also in the red following a poor start to the week. DOGE erased the 3% gains made on the previous day and now risks dropping below the $0.1000 psychological level. However, retail strength in the memecoin remains strong despite heavy long liquidations over the last 24 hours, anticipating a rebound. The momentum indicators for Dogecoin are currently mixed, suggesting that traders are unsure about its next direction.
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