Dogecoin struggles as scandals, regulations and Hammer Crypto inflation
Dogecoin (Doge-USD) was faced with a difficult period, with its oscillating price $ 0.253969. Several factors contribute to The decline of cryptocurrencyCreating a difficult environment for its investors.
Balance Scandal shakes confidence
THE Balanced token collapse Shaken the same community, with its rapid rise followed by an equally fast accident.
- Political scandal: Supported by the Argentine president Javier MileiThe initial push of the balance was followed by allegations of fraud, causing calls for the indictment of Milei. This scandal has Trust eroded in the samemake investors more cautious, as indicated by the Wall Street Journal.
The decline of bitcoin reduces enthusiasm for altcoins
In addition to specific scandals, the widest cryptocurrency market faces a slowdown.
- Impact of Bitcoin: The recent drop in bitcoin below $ 95,000exacerbated by concerns concerning inflation and possible Federal reserve ratehas negatively affected the entire market. As Bitcoin often leads the market, its decline has enthusiasm of attenuated investors For altcoins like Dogecoin.
The activity of the Dogecoin whale decreases
Recent chain data reveals a significant drop in Large -scale Dogue transactions.
- Decrease in whale activity:: Whale activity has decreased by almost 88% Since November 2024, indicating that the main Dogecoin holders can either sell their positions or sit on the key. This lack of great femester damage can lead to Decrease in liquidity and increased price volatility.
The technical analysis of Dogecoin points to resistance
Of a technical analysis Perspective, Dogecoin encounters important obstacles.
- Resistance levels: Analysts emphasize that Dogecoin must break the resistance levels $ 0,2560 And $ 0,2600 To stage a recovery. Not to do so could lead to new drops, with Support levels has $ 0.2480 And $ 0.2420 To look.
Recent difficulties of Dogecoin can be attributed to a combination of Market -scale problems,, scandalsAnd technical barriers. From now on, Dogecoin exchange at $ 0.2539And its future performance depends on overcoming it the current challenges facing the wider cryptocurrency space.