Dogecoin’s activity levels are disrupted to their lowest levels for 4 months. Is this spelling of Mimi coin?
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Encryption Ali Martinez It revealed a declining scale on the series for Dogecoin, which sparked a negative look at the first Mimi currency. Accordingly, Dog may be at risk of more prices.
Dokwin’s activity levels decreased to their lowest levels for 4 months
in X postMartinez revealed that the activity of the Dukwin network has decreased to its lowest level since October 2024, with 66 whale transactions only and less than 60,000 active titles per day. Bitumen has recently reported this recently Big Doug Transactions He decreased by 88 % since the end of last year.
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This decrease Dogecoin network activity It coincides with the collapse of the price in the first Mimi currency since it reached the highest local level of about $ 0.46 in December. Whales significantly affect the movement of Doug’s prices, and the decline in whale transactions provides a declining look at the Mimi coin.
With the choice of Dogoin whales to stay on the margin, the DOGE price can suffer from a decrease in more declines. The MIM currency has already decreased about 50 % of its local height recorded in December, which raised concerns about this It operates the bull I finish. In addition to the decrease in whale transactions and active headlines, Doug’s open interest also sparked concerns.
As mentioned by Bitcoin, Dukwin open attention He decreased to the levels of December 2024. Dog witnessed the collapse of prices at the time as it fell from the highest local level. As such, Mimi’s first currency is once again at risk of a price collapse that can send it below the level of the psychological price of $ 0.2.
With such a downward view, Dogecoin is exposed to the risk of testing the price of $ 0.19. This level is important, as Martinez has suggested before that a break under this level may indicate that the bull is over. However, he stressed that as long as it exceeds this level, the first Mimi currency can reach 4 dollars in this session.
DOGE decline before Up Legh Att
In the X Publishing, the encryption analyst Trader tardigrade I suggest this to be the final decline before the upcoming climb. He pointed out that Dog has completed the recovery stage. The analyst added that the Meme Coin coding stage will come soon. His accompanying scheme showed that Dogecoin can gather up to $ 7 when this coding stage occurs.
Meanwhile, at the end of x, Trader Tardigrade stated that Dogecoin has reached the same thing Retreat From the above. Watching with this, note that this may be the final level of the current withdrawal.
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At the time of writing this report, the price of Dogecoin is traded at about $ 0.23, a decrease of approximately 5 % in the past 24 hours, according to Data From Coinmarketcap.
Distinctive image from Getty Images, Chart from TradingView.com
