Dogecoin, Shiba Inu and Pepe have been shattered today, which sparked down down on the first Meme coins. This price collapsed after Donald Trump’s tariff The advertisement, which led to a wave of sales in the encryption market.
Why did Dogecoin, Shiba Inu and Pepe have shattered
Coinmarketcap data He explains that Dogecoin, Shiba Inu and Pepe have crashed today. This happened because of Trump advertisement From 10 % tariff base on all countries. The US President did not stop there, as he also announced the rates of tariffs dedicated to certain countries, including heavy weights such as China, the European Union and Japan.
Dogecoin, Shiba Inu and Pepe immediately crashed on the back of this announcement because it sparked a wave of sales between investors. Trump’s step was set to excite Commercial war With these countries, he is obligated to revenge on the counter definitions, which can negatively affect the global economy. Experts also raised the possibility of watching the United States for inflation or recession in the coming months.
Such a bad development for Dukwin, Sheba EnoAnd Pepe, since investors are likely to reduce their exposure to these origins in the event of inflation or stagnation. There are already huge feelings among investors, which led to a wave of sales after Trump’s announcement and at the end of these metal laboratories declined.
It should be noted that American federal reserve Cupping tightening policies (QT) is currently dependent on reducing inflation to 2 % required. The US Central Bank may have to implement more QT measures if there are fears that Trump’s move may lead to high inflation.
Perhaps this possibility is heavily over the minds of investors, which led to the low prices of Dogecoin, Shiba Inu and Pepe. Meanwhile, the Federal Reserve did not appear any intention to reduce interest rates soon, which is also a decline for Dogecoin, Shiba Inu and Pepe.
Doug at the level of making or breaking
In X Publishing, The encryption analyst Ali Martinez It is mentioned that Dogecoin is at a level or break. He claimed that if he holds $ 0.16, he could follow a march to $ 0.57.
However, if the first Meme currency decreases from this level, it will become a decrease to $ 0.06. Such a massive accident can also affect Shiba Inu and Pepe, as these coins share a strong positive connection.
Master Kenobi, Crypto analyst, also warned that Dogecoin needs to bounce support at $ 0.17. Also note that if this does not happen, the last hope lies at the level of support of $ 0.14. The analyst suggested that a lower decrease from this support line would happen end Duj bull running. Interestingly, in another post, he mentioned that Bibi may be already in the bear market, comparing the current Mimi chart with the ADA chart of 2021.
Distinctive image from Adobe Stock, Chart from TradingView.com
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