Mastiff (USD) is in trouble, lowering more than 6% in the last 24 hours to $ 0.226. It is not alone –The whole sector of the same bleedWith Shiba Inu, Pepe and Bonk all have losses of 5 to 7%. The slowdown has erased $ 4.11 billion on the same market in one day, a sign that speculative media threw is quickly cooled.
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Sociations and hacks move away from Doges investors
A major reason behind this sale is an influx of memecoin carpet prints. Zachxbt chain investigator has linked some of these scams to Lazare group in North Korea. This has naturally raised concerns concerning fraud in space. Many investors burned by these diets can completely pour meter tokens, leading more the price of Dogecoin.
The activity of the Dogecoin network is decreasing
Adding to concerns, activity on the Dogecoin chain decreases, reporting a drop in demand for transactions and payments. Whale transactions greater than $ 1 million fell to their lowest level in four months, while the volume of trade has also decreased considerably.
Dogecoin risks a decrease of 35% if the key support fails
Technical indicators are not proud. Dogecoin is currently testing the support at $ 0.2197, but if it breaks below, analysts warn that it could drop from 35% to $ 0.1459 by March. For Dogecoin to take up the momentum, he must recover $ 0.2670 as a level of support.
With a weak feeling, a drop in activity and fraud problems, Dogecoin faces a difficult road to come unless a major catalyst appears. At the time of writing DOGE is seated at $ 0.2276.
