Samecoin Dogecoin (Doge) took a blow today (Monday), lowering 13% and 21% in the daily and weekly charts, respectively. The lowering feeling occurs while the wider market volatility weighs on the cryptocurrency sector.
The first three cryptocurrencies, Bitcoin, Ethereum and XRP, displayed a decrease of 3%, 15%and 13%, respectively, in the daily graph. Interestingly, the analysis of Doge’s technical prices shows a lower momentum, although the price can bounce before any downward trend.
According to TradingviewThe same is negotiated below the main important price levels, $ 0.4039 and $ 0.3,157. Although the price is lower than the mobile averages of 50 and 200, DOGE is currently occurring, with a Relative force index 28.
DOGECOIN (DOGEUSD), Source: tradingView
Depending on the feeling of the market, DOGE could test lower price levels if the current price level does not hold. The following support levels are $ 0.2,165 and $ 0.1759. Dogecoin price misfortunes coincide with a broader slowdown in the cryptography market triggered by macroeconomic concerns following Donald Trump’s new pricing policies.
The market lost more than 6% in capitalization when traders reacted to the latest developments. Coins, which often experience volatility
Volatility
In finance, volatility refers to the modification of the rate of a financial instrument, such as basic products, currencies or actions, over a given period of time. Essentially, volatility describes the nature of the fluctuation of an instrument; A very volatile guarantee is equivalent to large price fluctuations, and low volatile safety is equivalent to timid price fluctuations. Volatility is an important statistical indicator used by financial merchants to help them develop trading systems. Trading
In finance, volatility refers to the modification of the rate of a financial instrument, such as basic products, currencies or actions, over a given period of time. Essentially, volatility describes the nature of the fluctuation of an instrument; A very volatile guarantee is equivalent to large price fluctuations, and low volatile safety is equivalent to timid price fluctuations. Volatility is an important statistical indicator used by financial merchants to help them develop trading systems. Trading
Read this termwere among the hardest, Dogecoin now leading the losses.
Adding to the lower perspective, large DOGE The holders discharged approximately 270 million tokens within 24 hours, according to the Renomé Popul Crypto Market analyst Ali Martinez.
The whales sold 270 million #Dogecoin $ DOGE In the last 24 hours! pic.twitter.com/uzfpjugxde
– Ali (@ali_charts) February 2, 2025
Elon Musk’s influence
Dogecoin has long been associated with Elon Muskwhose activity of social media has often influenced its price. Its growing role in the Trump administration adds another layer of political uncertainty, especially since the Musk team recently had access to the Treasury payment system.
The government’s Ministry of Effectiveness, an initiative led by Musk under Trump’s directive, has obtained access to the federal payment system, the New York Times Reported. The treasure is the most important target due to its control over payments
Payments
One of the bases of exchange media in the modern world, a payment constitutes the transfer of a legal currency or the equivalent of one party in exchange for goods or services to another entity. The payment industry has become an element of modern trade, although the players involved and the means of exchange have changed considerably over time. payment. Most common
One of the bases of exchange media in the modern world, a payment constitutes the transfer of a legal currency or the equivalent of one party in exchange for goods or services to another entity. The payment industry has become an element of modern trade, although the players involved and the means of exchange have changed considerably over time. payment. Most common
Read this termLift concerns about potential improper use of sensitive financial information.
While the Treasury Department insists that no payment has been blocked, the broader impact on the financial markets remains to be seen. Although the recent drop in Dogecoin has shaken investors’ confidence, the next movements will probably depend on wider market conditions and the purchase of pressure yields.
If the whales continue to sell and the technical indicators remain lowering, the meme coin could face the drop further. However, historical models suggest that Doge tends to bounce back after net corrections, leaving room for potential recovery.
Samecoin Dogecoin (Doge) took a blow today (Monday), lowering 13% and 21% in the daily and weekly charts, respectively. The lowering feeling occurs while the wider market volatility weighs on the cryptocurrency sector.
The first three cryptocurrencies, Bitcoin, Ethereum and XRP, displayed a decrease of 3%, 15%and 13%, respectively, in the daily graph. Interestingly, the analysis of Doge’s technical prices shows a lower momentum, although the price can bounce before any downward trend.
According to TradingviewThe same is negotiated below the main important price levels, $ 0.4039 and $ 0.3,157. Although the price is lower than the mobile averages of 50 and 200, DOGE is currently occurring, with a Relative force index 28.
DOGECOIN (DOGEUSD), Source: tradingView
Depending on the feeling of the market, DOGE could test lower price levels if the current price level does not hold. The following support levels are $ 0.2,165 and $ 0.1759. Dogecoin price misfortunes coincide with a broader slowdown in the cryptography market triggered by macroeconomic concerns following Donald Trump’s new pricing policies.
The market lost more than 6% in capitalization when traders reacted to the latest developments. Coins, which often experience volatility
Volatility
In finance, volatility refers to the modification of the rate of a financial instrument, such as basic products, currencies or actions, over a given period of time. Essentially, volatility describes the nature of the fluctuation of an instrument; A very volatile guarantee is equivalent to large price fluctuations, and low volatile safety is equivalent to timid price fluctuations. Volatility is an important statistical indicator used by financial merchants to help them develop trading systems. Trading
In finance, volatility refers to the modification of the rate of a financial instrument, such as basic products, currencies or actions, over a given period of time. Essentially, volatility describes the nature of the fluctuation of an instrument; A very volatile guarantee is equivalent to large price fluctuations, and low volatile safety is equivalent to timid price fluctuations. Volatility is an important statistical indicator used by financial merchants to help them develop trading systems. Trading
Read this termwere among the hardest, Dogecoin now leading the losses.
Adding to the lower perspective, large DOGE The holders discharged approximately 270 million tokens within 24 hours, according to the Renomé Popul Crypto Market analyst Ali Martinez.
The whales sold 270 million #Dogecoin $ DOGE In the last 24 hours! pic.twitter.com/uzfpjugxde
– Ali (@ali_charts) February 2, 2025
Elon Musk’s influence
Dogecoin has long been associated with Elon Muskwhose activity of social media has often influenced its price. Its growing role in the Trump administration adds another layer of political uncertainty, especially since the Musk team recently had access to the Treasury payment system.
The government’s Ministry of Effectiveness, an initiative led by Musk under Trump’s directive, has obtained access to the federal payment system, the New York Times Reported. The treasure is the most important target due to its control over payments
Payments
One of the bases of exchange media in the modern world, a payment constitutes the transfer of a legal currency or the equivalent of one party in exchange for goods or services to another entity. The payment industry has become an element of modern trade, although the players involved and the means of exchange have changed considerably over time. payment. Most common
One of the bases of exchange media in the modern world, a payment constitutes the transfer of a legal currency or the equivalent of one party in exchange for goods or services to another entity. The payment industry has become an element of modern trade, although the players involved and the means of exchange have changed considerably over time. payment. Most common
Read this termLift concerns about potential improper use of sensitive financial information.
While the Treasury Department insists that no payment has been blocked, the broader impact on the financial markets remains to be seen. Although the recent drop in Dogecoin has shaken investors’ confidence, the next movements will probably depend on wider market conditions and the purchase of pressure yields.
If the whales continue to sell and the technical indicators remain lowering, the meme coin could face the drop further. However, historical models suggest that Doge tends to bounce back after net corrections, leaving room for potential recovery.