The last time this happened, the price of Dogoin (DOGE) decreased by 44 %, the analyst warns

News FetcherFebruary 17, 2025

0 2 3 minutes read

The last time this happened, the price of Dogoin (DOGE) decreased by 44 %, the analyst warns

Yesterday, the news broke out that there will be weekly matches that include Elon Musk and Vivek Ramaswamy, where they discuss recent developments in the Ministry of Energy (DOGE). Of course, almost immediately, the symbols were created on both Ethereum and Solana Ecosystem with the same name. We will mostly focus on one on ethereum because in this ecosystem, there are more politfi traders who can raise the price. Is Dogecast the next large Mimi currency? The maximum current market for Dogecast on this network is about $ 7 million, and this may rise much higher, especially when Elon begins to tweet on this topic. He has already confirmed two days ago that there will be weekly updates about Dog. However, it still needs to use the actual word "Dogecast" This can go bananas. https://twitter.com/dogeCastte/status/185768509416667413 will also depend on the extent of ELON's frequency this topic and when the podcast is already launched. According to reports, it started "almost," Once the official date is announced, it can benefit from the price as merchants will have a specific date to focus on it. This type of concrete schedule often creates anticipation in the market. Of course, note that this is a new Mimi currency that only depends on a narration that can be hot in the coming days but also depends on CTO and their team. If they decide to withdraw the carpet, it can go easily to 0. However, if they do not do it and the narration remains hot, we will search for the market ceiling of $ 50 million or even $ 100+. It should still be seen in any case.

Technical and technical scales on the chain showcase some disturbing data that investors should not overlook. This was published by Ali X earlier today. Based on the analysis, the MVRV rate of DOGE exceeded less than 200 days moving average-a previously raised a decrease in prices to 44 %.

the MVRV ratio (market value to achieved value) It compares the current market value of Dogecoin with a realized fee. It measures whether the currency may be exaggerated or less than value. When this percentage decreases to below Mobile average for 200 days (MA), It creates what analysts call “the cross of death”. This historically indicated the decrease in imminent prices.

A precedent suggests a historical dog caution

This is not the first time that Dogecoin has faced this warning sign. Looking at historical data, we can see two previous cases where similar death events occurred on the basis Ali analysis:

In late 2023, the first death cross led to a 26 % decrease in DOGE in the period after that. Investors who did not closely monitor these signals.

The second occurrence occurred in mid -2014, and the results were more severe. After that, the price of Dog decreased by 44 % after the death cross.

These historical patterns have made analysts particularly concern about the current situation. Although the previous performance does not guarantee future results, these consistent declines after similar technical signals have put the encryption community at maximum alert.

Dokwin whale activities are decreased

In addition to technical concerns, encryption analyst Ali also He referred to another disturbing development for Dogecoin:

“Pisces activity on #DogeCoin has decreased by approximately 88 % since mid -November!”

This reduction in large -scale transaction indicates that major investors may retreat from Doug. It is a blatant contradiction with Dogecoin data a few days ago. Whales – investors who have large amounts of cryptocurrencies – have a great impact on market movements. Their low activity can indicate a lack of confidence in Dog’s short -term horizons.

Also read: Is Solana in trouble? Sol Sol PRICE DIPS, Jupiter and Redium follow -up

What does this mean for Dogecoin investors

The convergence of these warning signs has many Doge holders who think about their following moves. If history repeats itself, Dogecoin may search to correct another price in the coming weeks or months.

The exact size of any potential drop is still inaccurate, but the historical range of 26 % to 44 % indicates what may come.

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The last time this happened, the price of Dogoin (DOGE) decreased by 44 %, the analyst warns

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