TL: DR;
- Dogecoin prices have continued in the past few hours while the asset was at their lowest price in more than a month.
- This comes in the midst of certain reports of a popular analyst that the largest accident in the memes could aggravate more days and following weeks.
Perhaps motivated by macroeconomic uncertainty after Trump’s latest pricing ordersThe cryptocurrency market became red from Saturday evening, and it lost more than $ 150 billion in its capitalization within this period.
Improved volatility has the most injured in altcoins, and the meme parts are again at the forefront of daily losses.
The chief of their domain, Dogecoin, was not faced because his price lost support of $ 0.3 and was poured below $ 0.29 earlier in the day for the first time since December 20 . More than 15% since Friday, when he culminated at more than $ 0.34.
Ali Martinez told its 120,000 subscribers on X that Doge had experienced a lower crossing cross between the market value / value ratio made (MVRV) and its simple 30 -day mobile average. Consequently, the analyst predicted that the DOGE price could face a “steep” correction in the following weeks.
#Dogecoin $ DOGE I have just experienced a lower crossing between the MVRV report and its 30 -day SMA, signaling a strong correction of the upcoming prices. pic.twitter.com/pvdilygrhg
– Ali (@ali_charts) February 2, 2025
The same original corner has become one of the best crypto artists since the American elections, perhaps because of its connection with Elon Musk and its role in the Trump administration. However, the current political and macro uncertainty after Trump’s latest actions seems to have affected a much more difficult doge than many other alts.
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