Memecoin Dogecoin (DOGE) was suddenly hit today (Monday), reducing 13 % to 13 % on a daily and weekly charts. The weak sentiment will increase the volatility of the wider market in the cryptocurrency sector.
The top three cryptocurrencies, bitcoin, Ethereum, and XRP decreased by 3 %, 15 %, and 13 % on their daily charts. Interestingly, DOGE’s technical price analysis shows a bearish momentum, but the price may recover before the down trend.
According to TradingView, Memecoin is now below important important price levels ($ 0.4039, $ 0.3157 or less). The price is less than the 50 and 200 moving average, but DOGE is currently sold and the relative strength index is 28.
DOGECOIN (DOGEUSD), Source: TradingView
Depending on the emotions of the market, DOGE can test a lower price level if the current price level is not maintained. The next support level is $ 0.2165 and $ 0.1759. Dogecoin’s price problem consists of a widespread cipher market, caused by concerns about the macro economy following Donald Trump’s new tariff policy.
The market has abandoned more than 6 % of capitalization, as traders responded to the latest development. Mys’s coins that often experience increasing Volatility
Volatility
In finance, volatility refers to the amount of financial products such as products, currency, and stocks over a specific period. In essence, volatility represents the characteristics of the musical instrument. Very volatile security is equivalent to a large price fluctuation, and low volatile security is equivalent to a fluctuation of the price. Volatility is an important statistical indicator used by financial traders to support the development of the transaction system. trad
In finance, volatility refers to the amount of financial products such as products, currency, and stocks over a specific period. In essence, volatility represents the characteristics of the musical instrument. Very volatile security is equivalent to a large price fluctuation, and low volatile security is equivalent to a fluctuation of the price. Volatility is an important statistical indicator used by financial traders to support the development of the transaction system. trad
Please read this termThe biggest hit, Dogecoin is losing loss.
According to the famous popular popular crypto analyst Ali Martinez, in addition to the bearish outlook, large -scale DOGE holders have offloaded about 270 million tokens within 24 hours.
Whale has sold 270 million #dogecoin $ DOGE in the past 24 hours! pic.twitter.com/uzfpjugxde
-ALI (@ali_charts) February 2, 2025
Ilon Mask’s influence
Dogecoin has long been associated with Elon Musk, but its social media activities have frequently affected the price. His growth in the Trump administration is another layer of political uncertainty, especially because the mask team has recently accessed the Ministry of Finance’s payment system.
The New York Times reported that the mask -led Initiative was allowed to access the federal payment system under Trump’s instructions. The Ministry of Finance is the most important goal for control payment
payment
One of the foundations of the modern world’s exchange medium constitutes a legal currency or equivalent transfer from a parties in exchange for an exchange with another entity. The payment industry has become a modern commercial equipment, but the means of exchanging from the stakeholders are changing over time. In particular, the paid party is called the payer, and the recipient is called a payment person, reflecting an individual or group. Most common
One of the foundations of the modern world’s exchange medium constitutes a legal currency or equivalent transfer from a parties in exchange for an exchange with another entity. The payment industry has become a modern commercial equipment, but the means of exchanging from the stakeholders are changing over time. In particular, the paid party is called the payer, and the recipient is called a payment person, reflecting an individual or group. Most common
Please read this termWe raise concerns about potential misuse of sensitive financial information.
The Ministry of Finance has argued that the payment has not been blocked, but has not yet had a wider wider impact on the financial market. The recent decline in Dogecoin has shaken the trust of investors, but the next movement may depend on the wider market situation and whether the pressure will return.
If whales continue to sell and the technical indicators are weakened, the Memcoin may be further negative. However, historical patterns suggest that DOGE tends to recover after a sharp correction, leaving room for potential recovery.
Memecoin Dogecoin (DOGE) was suddenly hit today (Monday), reducing 13 % to 13 % on a daily and weekly charts. The weak sentiment will increase the volatility of the wider market in the cryptocurrency sector.
The top three cryptocurrencies, bitcoin, Ethereum, and XRP decreased by 3 %, 15 %, and 13 % on their daily charts. Interestingly, DOGE’s technical price analysis shows a bearish momentum, but the price may recover before the down trend.
According to TradingView, Memecoin is now below important important price levels ($ 0.4039, $ 0.3157 or less). The price is less than the 50 and 200 moving average, but DOGE is currently sold and the relative strength index is 28.
DOGECOIN (DOGEUSD), Source: TradingView
Depending on the emotions of the market, DOGE can test a lower price level if the current price level is not maintained. The next support level is $ 0.2165 and $ 0.1759. Dogecoin’s price problem consists of a widespread cipher market, caused by concerns about the macro economy following Donald Trump’s new tariff policy.
The market has abandoned more than 6 % of capitalization, as traders responded to the latest development. Mys’s coins that often experience increasing Volatility
Volatility
In finance, volatility refers to the amount of financial products such as products, currency, and stocks over a specific period. In essence, volatility represents the characteristics of the musical instrument. Very volatile security is equivalent to a large price fluctuation, and low volatile security is equivalent to a fluctuation of the price. Volatility is an important statistical indicator used by financial traders to support the development of the transaction system. trad
In finance, volatility refers to the amount of financial products such as products, currency, and stocks over a specific period. In essence, volatility represents the characteristics of the musical instrument. Very volatile security is equivalent to a large price fluctuation, and low volatile security is equivalent to a fluctuation of the price. Volatility is an important statistical indicator used by financial traders to support the development of the transaction system. trad
Please read this termThe biggest hit, Dogecoin is losing loss.
According to the famous popular popular crypto analyst Ali Martinez, in addition to the bearish outlook, large -scale DOGE holders have offloaded about 270 million tokens within 24 hours.
Whale has sold 270 million #dogecoin $ DOGE in the past 24 hours! pic.twitter.com/uzfpjugxde
-ALI (@ali_charts) February 2, 2025
Ilon Mask’s influence
Dogecoin has long been associated with Elon Musk, but its social media activities have frequently affected the price. His growth in the Trump administration is another layer of political uncertainty, especially because the mask team has recently accessed the Ministry of Finance’s payment system.
The New York Times reported that the mask -led Initiative was allowed to access the federal payment system under Trump’s instructions. The Ministry of Finance is the most important goal for control payment
payment
One of the foundations of the modern world’s exchange medium constitutes a legal currency or equivalent transfer from a parties in exchange for an exchange with another entity. The payment industry has become a modern commercial equipment, but the means of exchanging from the stakeholders are changing over time. In particular, the paid party is called the payer, and the recipient is called a payment person, reflecting an individual or group. Most common
One of the foundations of the modern world’s exchange medium constitutes a legal currency or equivalent transfer from a parties in exchange for an exchange with another entity. The payment industry has become a modern commercial equipment, but the means of exchanging from the stakeholders are changing over time. In particular, the paid party is called the payer, and the recipient is called a payment person, reflecting an individual or group. Most common
Please read this termWe raise concerns about potential misuse of sensitive financial information.
The Ministry of Finance has argued that the payment has not been blocked, but has not yet had a wider wider impact on the financial market. The recent decline in Dogecoin has shaken the trust of investors, but the next movement may depend on the wider market situation and whether the pressure will return.
If whales continue to sell and the technical indicators are weakened, the Memcoin may be further negative. However, historical patterns suggest that DOGE tends to recover after a sharp correction, leaving room for potential recovery.