Dogecoin (DOGE) plunged on Wednesday, as bears entered the market, snapping a five-day win streak in the process. Following a low of $0.0853 last Friday, DOGE/USD surged to a peak of $0.0950 during yesterday’s session. These gains were wiped today, as the meme coin fell to a low of $0.0851 earlier in the day. One of the main catalysts for the drop seems to be a breakout on the relative strength index (RSI), which fell below a floor at 60.00. At the time of writing, the index is tracking at 54.98, which is marginally higher than a floor at 53.00.