- Dogecoin is fighting while the drop in bitcoin below $ 90,000 triggers a market -scale sale.
- The activity of the DOGE network decreased by 95%, the signaling reduced user engagement.
- The key support at $ 0.19 remains critical; Ventilation could push prices to $ 0.06.
- The uncertainty of the new prices market and the appeal cyber attack adds to the sales pressure.
Dogecoin (DOGE) has trouble holding its land in the middle of a wider sale of the cryptography market, triggered by the drop in bitcoin below $ 90,000. The sudden slowdown has fueled panic on the market, causing significant losses for several altcoins, including Doge.
Currently, Dogecoin is negotiated at $ 0.2044, with a negotiation volume of 24.52 billion dollars and a market capitalization of $ 30.20 billion. In the past 24 hours, DOGE experienced a drop of 4.42%, reflecting the basising feeling striking the cryptography market.
The sale comes in the wake of growing economic concerns, including newly imposed prices and bybit cyber attack, which both added to the uncertainty of investors. As a result, the sharp drop in bitcoin has led to the entire market, which has an impact on Doge prices.
The activity of the Dogecoin network plunges 95%
The data on the chain suggest that the activity of the Dogecoin network has dropped considerably, which raises concerns concerning its future trajectory. Crypto researcher Ali Martinez stressed that the number of active Dogecoin addresses dropped 95%, from 2.66 million in November to only 130,282 today.
This drop in user engagement signals weaken DOGE transactions demand, which could increase sales pressure. Martinez also noted that long -term DOGE holders remain in the “denial”, not wanting to recognize the downward trend.
DOGE PRICES AT RISK – KEY SUPPORT SUPPORTS TO WATCH
From a technical point of view, the analyst highlighted Doge approaches a level of critical support at $ 0.19. Ventilation below this brand could lead to a sharp decline to $ 0.06, indicating a much deeper correction.
To find a bullish momentum, he needs strong purchasing support to recover higher resistance levels. However, if the wider market remains under down pressure, the downward tendency of dogecoin can continue.
Investors should closely monitor the Bitcoin movement, network activity and the main levels of support to anticipate the next major decision in the action of Dogecoin prices.
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