Dogecoin decreased 16 % a week, and time to seize some? The analyst says that Meme King is at the level of “Make-Or”
Cracks with a famous nature Dokwin Dog/Dollar He fell Wednesday after the president Donald Trump The trauma of customs tariffs, expanding its weekly losses to more than 16 %.
What happened: The world’s largest Mimi was reversed from the highest level of $ 0.1787 to the mid -$ 0.1600, as the new mutual tariff structure exceeded the worst expectations of the Wall Street, as it sent shares and cryptocurrencies.
Dog made a sharp rotation since he reached $ 0.20 last week, losing more than 16 % along the way. Low prices decreased from speculative currency interest, causing the open interest in Doge Futures 24 % during the week, According to To Coinglass.
Moreover, the long/short percentage decreased to less than 1, indicating that the majority of merchants were placed in the currency.
See also: “Great them all,” Trump Mimikoen went to the investment funds circulating in the field of media? Polymarktes believes that it is unlikely
Why do it matter: The well -known cryptocurrency analyst Ali Martinez It was mentioned that Dog was “the level of making or breaking”.
“If $ 0.16 is held, a crowd can be followed to $ 0.57. If it fails, then a decrease to $ 0.06, the analyst becomes expected.
Moving averages, both Si and Simple, flashing “sale” signals, According to To TradingView.
Meanwhile, the index of moving medium rapprochement, which compares two averages moving for prices, usually generates EMA from 12 periods and EMA 26 periods, the “purchase” signal.
PriceAt the time of writing this report, Dogecoin has exchanged hands at $ 0.1658, a decrease of 3.30 % in the past 24 hours, according to what it said. Data from Benzinga Pro.
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