- Shiba Inu (Salogner): Down 5.6%, now to $ 0.0000,151.
- Pepe (Pepe): fell 7.25%.
- Bonk (Bonk): fell 7.55%, making it the worst interpreter among the best same.
These digital assets, which are strongly based on media threshing and momentum, see a sharp drop in confidence as investors retreat.
Security fears and weaken the feeling of the market
The latest crypto scams shaken the market, in particular the allegations surrounding the participation of the Lazare group. As security violations become more frequent, confidence in speculative assets like Dogecoin continues to erode. Analysts warn that without renewing the confidence of investors, the market could face new drops.
Dogecoin network activity decreases
An overview of Dogecoin’s Blockchain Data Data Settle demand:
Whale transactions exceeding $ 1 million fell to 66 in February, the lowest in four months.
The global transaction volumes are decreasing, indicating a reduction in the use of transfers, payments and exchanges.
With less transactions, Doge’s ability to maintain support levels is weakening, adding to the risk of decreasing.
Market indicators suggest lowered perspectives
Coinglass data highlights a significant drop in the open interest of Dogecoin (OI):
OI fell to $ 2.21 billion, a sharp decline of $ 5.42 billion a month ago.
Although financing rates remain positive at 0.0315%, they are significantly lower than the peak of December 2024 of 2,058%.
This drop suggests that traders adopt a more cautious position, avoiding leverage and speculative trades.
Will Dogecoin still drop 35%?
Doge currently tests a level of critical support at the 50 -week EMA ($ 0.2197), aligning with the Fibonacci retracement of 0.618. A break below this level could trigger new losses:
A potential drop to $ 0.1459 (level of 0.786 FIBONACCI), representing a drop of 35%.
A further drop in EMA 200 weeks ($ 0.1358), a crucial rupture area in the past.
With the relative resistance index (RSI) at 46.16, the momentum remains neutral. However, if it falls below 40, the sale pressure could intensify.
An escape on the horizon?
Despite uncertainty, Dogecoin’s price history suggest that a major decision is coming. In the previous cycles, DOGE has followed a model linked to Bitcoin halvings. The last time, its summit of all time was reached 362 days after a Half bitcoin event. If this model is repeated, the key date of a potential overvoltage is April 16, 2025 – 50 days.
Fourth corner of the fall of Dogecoin: a potential life buoy
Technical analysis points to a critical scheme formation: a fall corner. Historically, Dogecoin has increased after similar configurations:
- The first escape from the corner of the fall resulted in an 88%gain.
- The second saw a 208%increase.
- The third sparked a rally of 445%.
If history is repeated, Doge could be on the verge of another significant price wave.
Will Dogecoin rebound?
Beyond technical indicators, market feeling There remains a key factor. The next Bitcoin Histor event should shake the cryptography landscape, and Dogecoin could benefit from it. With only 50 days, speculation rises.
While Doge was rejected once as a meme, he now enjoys generalized acceptance and a dedicated community. It remains to be seen whether it can capitalize on upcoming market changes. But for the moment, all eyes are on the next movement.