Dogecoin (Doge) Mitri falls to the lowest level in 4 months-Is it deeper in the future?

TL; D

• The activity of Dogcoin Network has reached its lowest level since October last year, amid a low weekly prices of two numbers.
• Despite the declining mark, some analysts remain optimistic, as they imagine a new ATH rise if the DOGE evaluation remains higher than $ 0.19.

The activity of the Doug Network diminishes

The largest and oldest Mimi currency has recently been a recent decrease. Its price decreased by 12 % per week, and the market value decreased to less than 35 billion dollars.

According to For Ali Martinez, the activity of the asset network has witnessed a large setback, as it was recently dipped to its lowest level since October 2024. The analyst revealed that the network witnessed only 66 whale treatment and less than 60,000 active addresses per day.

Development generally indicates a decrease in the user’s participation, which can be explained as bad news from investors and hindering the currency of the coin. This, in turn, can lead to additional pressure on the price.

On the other hand, the decreasing network activity can sometimes be associated with the broader market morale. The coded currency sector was not at its best recently, with Bitcoin (BTC) and many other leading digital assets registration Large losses. For its part, the performance of the MeMe currency sector was worse, as the total market value slipped to less than 70 billion dollars.

What about price reflection?

A few days ago, Martinez entered again, suggestion Still Doug On the route As long as the price remains above the support area from 0.16 to $ 0.19.

“If history is repeated, as long as Dogecoin exceeds $ 0.19, it may gather to the resistance direction line at 4 dollars.”

Another X user, using Monike Cas Abbé, supposed The current style of the coin is similar to the style of the Q1-Q2 2021 when DOGE was pumped to $ 0.70.

The market observer added: “I think the next Doge Run will be nourished by Elon and Doge Department Hype,” the market observer added.

To the uninterrupted, Musk entered the political scene by leading a new agency called the Ministry of Government efficiency. It is expected to reduce the bureaucracy, cut off government spending, and enhance efficiency, but Dog’s supporters quickly noticed that his shortcut is the same as their favorite cryptocurrency.

Last month, the agency Appear Dogecoin logo on its official website, which caused a price of two numbers for the basic distinctive symbol. It will be interesting to know if the management led by Musk will announce another Doge initiative in the following months and whether this will positively affect the Meme Coin evaluation.