On February 9, 2025, Mark Cuban, a notable figure in the cryptocurrency space, tweeted on the importance of transparency and feedback in decision-making, specifically referencing Dogecoin (DOGE). The Cuban tweet occurred at a time when DOGE experienced a price overvoltage of 3.5% per hour which followed its position, reaching $ 0.12 at 2:30 p.m. UTC (Source: CoinmarketCap, February 9, 2025). This price movement was accompanied by a significant increase in the volume of negotiation, with a pair of Doge / BTC trading by seeing a DOGE of 4.2 million exchange in the same time (source: Binance, February 9, 2025 ). In addition, the Doge / USDT pair on Kraken recorded a volume of 5.8 million Doge (source: Kraken, February 9, 2025). Cuban’s influence on the cryptography market, in particular with coins like Doge, is well documented, because its previous tweets have historically led to price peaks (Source: Forbes, January 2023).
The commercial implications of the Cuban tweet are multifaceted. The immediate price of prices at DOGE suggests a high reaction of the market to its declarations, indicating high liquidity and reactivity to external stimuli. The DOGE / BTC pair on Binance saw a 2.5% increase in price to 0.000012 BTC at 14:45 UTC, reflecting a change in feeling of investors towards DOGE (Source: Binance, February 9, 2025). On the DOGE / USDT pair, the price increased to $ 0.125 at 2:50 pm UTC, with a corresponding increase in the negotiation volume to 6.2 million Doge (Source: Kraken, February 9, 2025). The relative resistance index (RSI) for DOGE increased from 60 to 72 within the hour of Cuban tweet, indicating excessive conditions (source: tradingView, February 9, 2025). These measures suggest that traders should be careful about the short -term potential declines while considering long -term bullish feeling surrounding Doge due to the approval of the Cuban.
Doge’s technical analysis after the Cuban tweet reveals an upward trend. The indicator of divergence of mobile average convergence (MacD) showed a Haussier crossing at 3:00 pm UTC, the MacD line crossing the signal line, suggesting a moving potential upwards (source: tradingView, February 9, 2025). The volume of trading on the Doge / ETH pair on Coinbase increased by 3.8 million Doge per hour, reaching a total of 8.5 million Doge exchanged (source: Coinbase, February 9, 2025). Channel metrics also support this bullish feeling, the number of active Doge addresses increasing by 10% to 2.3 million within the same period (source: Glassnode, February 9, 2025). The combination of these technical and chain indicators suggests that traders should consider entering long positions on DOGE, while closely monitoring any sign of inversion.
In the context of AI developments, the correlation between tokens linked to AI and the Doge prices movement is remarkable. After the Cuban tweet, the tokens have such as singularitynet (agix) and fetch.ai (fet) experienced a 2.5% and 1.8% price increase, at 3:15 pm UTC respectively (source: Coinmarketcap, February 9, 2025). This suggests a positive feeling of the Doge to the AI tokens, perhaps drawn by the wider market reaction to influential figures like Cuban. The volume of trading for Agix / BTC and FET / BTC pairs on Binance increased by 1.2 million agix and 0.8 million FET, respectively, in the hour (source: Binance, February 9, 2025). The correlation coefficient between DOGE and these tokens was calculated at 0.65, indicating a moderate positive relationship (source: cryptocurrency, February 9, 2025). This correlation presents potential negotiation opportunities for investors who seek to capitalize on the crossing of IA-Crypto, in particular following influential market events as the Cuban tweet.