Mastiff (USD) was downward slide, its price currently oscillating about $ 0.253,969. This decline does not occur in a vacuum; Several factors contribute to the recent Dogey difficulties.
Discover the best actions and maximize your wallet:
Balance Scandal shakes confidence
THE Recent collapse of the balanced token shaken the same community. Promoted by Argentinian President Javier Milei, the value of the balance has skyrocketed before crashing, causing allegations of fraud and calls for the indictment of Milei. This fiasco has Trust eroded in the sameprovoking a march with caution to investors, according to the Wall Street Journal.
The decline of bitcoin reduces enthusiasm for altcoins
Beyond specific scandals, the widest cryptocurrency The market has a slowdown. The recent drop in bitcoin below $ 95,000, influenced by inflation concerns and potential increases in the federal reserve have thrown a shadow on the whole crypto landscape. As Bitcoin Often takes up the tone of the market, its decline has attenuated enthusiasm for altcoins like Dogecoin.
The activity of the Dogecoin whale decreases
Chain data reveal a significant drop in large -scale Dogecoin transactions, according to Corsepaker. The activity of whales has decreased by almost 88% since November 2024, which suggests that the main holders unload their positions or remain on the sidelines. This reduction in the participation of large players can lead to a decrease in liquidity and an increase in price volatility.
The technical analysis of Dogecoin points to resistance
From a technical point of view, Dogecoin faces obstacles. Analysts note on X that DOGE must exceed the resistance levels at $ 0.2560 and $ 0,2600 to trigger a significant recovery. Do not unravel these points could lead to an additional drop, with support levels at $ 0.2480 and $ 0.2420 being essential for surveillance.
In summary, the recent drop in Dogecoin prices is the result of a combination of market -scale problems, specific events shaking the confidence of investors and technical challenges. At the time of writing Dogecoin is seated at $ 0.2539.
