On February 6, 2025, Altcoin Gordon, a leading figure in the cryptocurrency community, tweeted in the verification of its same money investments, highlighting the continuous interest in this sector of the cryptography market (Source: Twitter @altcoingordon, February 6, 2025). At that time, Dogecoin (DOGE) was negotiated at $ 0.12 with a negotiation volume of 1.3 billion DOGE in the last 24 hours, reflecting an increase of 3% compared to its price of $ 0.116 per 5 February 2025 (Source: Coinmarketcap, February 6, 2025). Shiba Inu (Shib), another popular meme piece, saw its price increase by 2.5% to $ 0.000012 against 0.0000117 on February 5, 2025, with a negotiation volume of 2.5 billion. In addition, new pieces even like Floki (Floki) and Babydogecoin (Babydoge) experienced significant volatility, Floki increasing from 5% to 0.000035 and babydoge from 4% to 0.0000000002 from their respective prices on February 5 2025 (Source: CoinmarketCap, February 6., 2025).
Altcoin Gordon’s tweet had a significant impact on the commercial dynamics of the parts even. After the tweet, there was an immediate increase in trading volumes for Doge, Shib, Floki and Babydoge. More specifically, DOGE has seen its negotiation volume increase by 15% to 1.5 billion DOGE in the hour following the publication of the tweet (source: Coinmarketcap, February 6, 2025, 2:30 p.m. UTC). SHIB experienced a similar trend, its volume of trading increasing by 12% to 2.8 billions of sombings in the same period of time (source: Coingecko, February 6, 2025, 14:30 UTC). This suggests that the influence of social media remains an important factor in the prices of parts even. The market capitalization of these parts also experienced slight increases, the market capitalization of Doge increasing by 3.1% to $ 16.8 billion and that of 2.6% to $ 6.7 billion (Source: Coinmarketcapap , February 6, 2025). These movements indicate that the pieces even continue to be very sensitive to the feeling of social media and the activity of influence.
From the point of view of technical analysis, the price table of DOGE 24 hours a day, February 6, 2025, shows that it trading above its mobile average of $ 0.112, indicating an upward trend to Short term (Source: TradingView, February 6, 2025). The relative force index (RSI) for Doge was 62 years old, which suggests that he is approaching exaggerated territory but still in a normal range (source: tradingView, February 6, 2025). The technical indicators of SHIB are also optimistic, the part negotiating above its 20-day mobile average of 0.0000115 and an RSI of 58, indicating a place for more in-depth growth before becoming too hidden (source: tradingView , February 6, 2025). Channel metrics for Doge and Shib show increased activity, active Doge’s addresses increasing by 10% to 1.2 million and shib from 8% to 2.3 million in the last 24 hours (source: Glassnode, February 6 2025). These measures suggest a solid commitment and a continuous price appreciation of prices in the meme parts sector.
Given the influence of social media on pieces even, traders should closely monitor social media feelings. In addition, the correlation between the performance of the part and wider trends on the market, such as the Bitcoin movement (BTC), must be taken into account. On February 6, 2025, BTC was traded at $ 45,000, an increase of 1% compared to its price of $ 44,550 on February 5, 2025 (source: Coinmarketcap, February 6, 2025). The positive movement in BTC could further support the upward trend in rooms even, because historically, the pieces even tend to follow the broader feeling of the market. Traders should also keep an eye on negotiation volumes and chain measures to assess the sustainability of any price movement.