The original MG icon appears to be prepared for more pain amid the continuous broad market drop.
Altcoin is about to form a dangerous pattern on the daily chart, which may mean extended unification or lower declines.
With LOWS network activity unprecedented since October last year, can Doge avoid more price drops without support of $ 0.20?
Dogecoin network activity at its lowest level for several months
The latest DOGE PRICE performance reduced the investor’s activity and interest in the MEME code.
The analyst Ali Martinez (using Santiment data) has highlighted that the activity of Dogecoin has decreased to the lowest unprecedented levels since October 2024.
The distinctive symbol of the title of dogs has not only seen extensive and less than 60,000 active transactions per day.
These trends indicated a decrease in interest and the user’s participation in Altcoin.
Less whale activity confirms her lack of confidence in Dog’s performance in the short term.
The distinctive symbol under the title of the dog is still ready to continue the price conflicts before a possible rebound.
The Daily Chart highlights the terrible Dogecoin conditions. He approached the cross of death, which hints to the intense declining work.
The death cross on the horizon of Doug
Dogecoin prices are approaching the formation of death on the 1D graph.
The Si -moving average has decreased for 50 days since mid -January, indicating a potential declining cross with the Si -moving average for 200 days.
The pattern indicates long trague for Dogecoin periods. Other indicators complement the effect of the dominant seller.
The difference in the 1D moving average rapprochement shows the emerging landing after climbing for a short period.
Small graphs indicate possible uniforms for Dogoin prices.
Moreover, the flow of Chaikin money has decreased in the past two days.
The index fell from 0.12 on February 22 to -0.10 at the time of the press.
This emphasizes the tremendous criticism of the transition from the dogcoin ecosystem where investors lose confidence in the first place.
Current Dog Price
Meme has changed to $ 0.2307 after losing more than 5 % in the past 24 hours.
The decrease has extended the weekly Doug losses to 13 %.
An increase in the daily trading volume may indicate continuous sales in the futures market.
Dogecoin eyes are the closest support level at $ 0.22836. The barrier is unlikely to survive the prevailing sale pressure.
The loss of $ 0.22836 will lead to declines under the psychological brand of $ 0.19361.
This would translate into approximately 20 % of the prevailing Dog’s price.
The flowing demand supports the course of landing and struggle for Dogecoin.
However, some traders expect that it will wear huge after the prevailing performance.
Trader Tardigrade believes that Doge includes a profitable structure that can send it to its goal for 2025, which is one dollar.
He highlighted that Alt is about to complete the fourth descending wedge style.
The initial penetration is about 90 % in Q4 2023.
Next led to an increase of 208 %. Finally, the third wedge ravaged in the fourth quarter of 2024 dodes by 445 % towards a mark of $ 0.50.
The fourth penetration is likely to be a principle in a big march that will witness DOGECOIN Restoring the psychological level of $ 1.
The DOGECOIN Post risk death with the appearance of a 5 -month network activity first appears on Invezz
