As cryptocurrency markets face volatility, investors are closely monitoring Dogecoin’s price movements and Dogecoin’s growing popularity. Yeti Ouro (YETIO). Both tokens show growth potential, with Dogecoin working to hold key support levels and Yeti Ouro attracting attention with its innovative Play-to-Earn (P2E) play.
Dogecoin News: DOGE struggles to maintain support amid market decline
Dogecoin experienced a major setback over the past week as the value of its coin fell by over 21%. The coin fell below the 200 EMA line on the 4-hour chart after hitting a high of $0.43434 over the past seven days. At present, Dogecoin Price is trading at $0.34066. The decline also crossed the 50% Fibonacci level at $0.35321, meaning the price could fall even further.
However, analysts have noted a potential reversal to current levels. The RSI on a 4-hour time frame shows a minor bullish divergence in the oversold zone. Lower price rejections during recent bearish candles also indicate that buyers are trying to withstand the selling pressure. The first major support level for Dogecoin price lies at $0.3303, the 38.20% Fibonacci retracement level.
Source: X
Interestingly, whale activity has increased on the Dogecoin network, with 588 transactions totaling over $1 million in the past day. Such activity could indicate increased interest from institutional investors, which could push price levels higher in the near term.
Whale activity and institutional interest in Dogecoin
Dogecoin has seen an increase in large transactions, with whales having a major influence on recent network activity. According to Santiment, the volume of transactions over $1 million has increased in recent days.
This increase in the number of whale transactions has been observed at a time when the overall cryptocurrency market is showing increased volatility. With liquidations of long market positions approaching $750 million, Dogecoin’s market cap fell to $50.39 billion. However, the increased involvement of large investors suggests growing confidence in Dogecoin’s price recovery potential.
Source: X
Some analysts claim that the price of Dogecoin can increase by an average of 55 times based on past data. If so, the DOGE price could reach $20. At its current price of nearly $0.34, it would take a significant rally for Dogecoin to even reach $1 in the coming months.
Yeti Ouro gains momentum thanks to Play-To-Earn gaming
As Dogecoin attempts to move up the ranks, Yeti Ouro is becoming a new player in the field of cryptocurrencies. The token is anchored on “YetiGo,” a P2E racing game created using Unreal Engine 5 as its primary gameplay mechanic. This game features dynamic racing conditions and players can also customize their vehicles, thereby introducing blockchain elements into the game and attracting more users.
YETI GO: a game for gamers for gamers
Yeti Go is built by a team of passionate developers who live and breathe gaming.
We understand what players are looking for, intense, fast-paced action and skill-based gameplay that is both challenging and rewarding.
The development team recently shared a video showing the first look at the Tier 1 map of the Yeti Go game.
Yeti Ouro has already sold over 128 million tokens. The initial price of a YETIO token in presale is $0.017, and it is expected to rise sharply once the coin is listed. Early investors have already seen a return on investment of more than 40%. The deflationary burn mechanism and fixed supply of 1 billion tokens can help maintain value in the long term.
YetiGo offers features like hidden tunnels, challenging terrains, and garages for vehicles that make the game interesting for players. With the growing popularity of blockchain-based games, Yeti Ouro could potentially reach $5 by the end of 2025.
Join the Yeti Ouro community
Website: https://yetiouro.io/
X (officially Twitter): https://x.com/yetiouro
Telegram: https://t.me/yetiouroofficial
Discord: https://discord.gg/YtUsEZ2Zr
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