Dogecoin currently has a bearish perspective, having fallen under the Psychological level of $ 0.30 and now runs the risk of losing the level of $ 0.20. This bearish perspective is strengthened by a fall in Doge’s social feeling, reflecting Ethereum, which has also suffered significant price accidents.
Dogecoin reflects Ethereum as tanks of social feeling
In a X publicationThe Santimento chain analysis platform revealed that Dogecoin is reflecting Ethereum as social feeling In these coins it is “almost non -existent.” This means that there has been a significant lack of interest in social networks in Dogecoin and Ethereum, and investors choose to discuss other currencies about them.
In this sense, Santiment revealed that Bitcoin is leading the way in cryptocurrency discussions on these social media platforms. Meanwhile, Cardano has also witnessed a mass increase compared to the usual. On the other hand, Dogecoin and Ethereum They are basically non -existent in these cryptographic discussions.
This development provides a bearish perspective for Dogecoin and suggests that a greater decrease in the price can be on the horizon. It is worth mentioning that the most important meme coin has been one of the coins that has received more success during the lower trend of the market, losing the $ 0.3 Psychological level. This indicates that negative social feeling has also resulted in the lack of buyers in the Doge ecosystem to help defend certain levels of support.
In addition to the clash in social feeling, the metrics in the chain also paint a bearish image for Dogecoin and suggest a pricing clash that could be elaborated. Inotteblock data It shows that there has been a fall in ‘Hodlers Balance’. These are investors who have celebrated the meme coin for another year. As such, long -term headlines seem to lose their confidence in Dogecoin, which could cause a liquidation wave and cause a massive accident for the most important memes currency.
Doge is still in an upward ‘general’ market
Despite Dogecoin’s recent bearish trend, Krisspax cryptographic analyst He has assured the market participants that the most important meme coin is still in a general upward market. He pointed out that each fall wedge during the last year has led to a breakdown of ascending trends for doge. As such, despite the recent setback due to inflation, less tariffs and Trump tariffs, the cryptography analyst is confident that Dogecoin will eventually turn around and go up.
Cryptographic analyst Tarded merchant He also provided an upward perspective for Doge, stating that a price increase is imminent. He commented that Dege’s bullish fallen wedge was coming to a break. The cryptographic analyst added that the currency often forms a large wedge that falls before pumping. His accompanying table showed that Dege could finally pump to the long -awaited level of $ 1 when he explodes upwards.
At the time of writing, the price of Dogecoin is quoted at around $ 0.25, almost 5% in the last 24 hours, according to data of coinmarketcap.
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