Dogecoin Price Analysis: Reasons DOGE Sell-Off Below $0.1 Imminent
Release: 2024/06/21 21:14 Reading: 535
Dogecoin Price Analysis
Dogecoin, a popular meme coin, has seen its price fluctuate over the past 24 hours following market corrections.
Current Price and Market Cap
According to CoinMarketCap, Dogecoin is trading at $0.1244, with a 3% dip during US business hours on Friday. Its market capitalization has also decreased, now standing at approximately $18 billion, marking a 3% fall.
Trading Volumes
Despite the day's volatility, trading volumes have remained stable, totaling around $653 million over the last 24 hours.
Bearish Sentiment
Dogecoin's recent decline mirrors trends in Bitcoin and Ethereum, with the meme coin sector also facing challenges. The cryptocurrency has failed to surpass the resistance level at $0.13, leading to a 24% drop in the past month.
Whale Movements
A significant transfer of 86,388,901 DOGE, valued at approximately $10,630,833, from an unknown wallet to Robinhood has raised concerns about a potential sell-off by major holders.
Price Forecast
With the current market corrections, a slide under the $0.12 mark could push Dogecoin towards its $0.11 support. However, renewed positive sentiment may lift it above $0.13, potentially leading to a climb towards $0.2 or even $0.3.
Recent news
More>- Pepe Unchained Raises $57M in ICO: Analysts Predict Explosive Post-Launch Rally 11-30
- A rising star to outshine Bonk and Pepe, analysts predict 10,000% growth 11-30
- 5 Meme Coins You Don’t Want to Miss for Maximum Profits! 11-30
- 5 Meme Coins You Don’t Want to Miss for Maximum Profits! 11-30
- 5 Meme Coins You Don’t Want to Miss for Maximum Profits! 11-30
- Market Analyst Picks Top 5 Hidden Meme Coins for Massive 12,000% Returns 11-30
- Artificial Superintelligence Alliance Price Prediction: FET Jumps 8% As Pepe Unchained Presale Barrels Past $58.4M Amid CEX Listing Rumors 11-30
- XRP Price Prediction for Today, November 29 – XRP Technical Analysis 11-29
- Swyftx lead analyst predicts altcoins will remain shaky until BTC hits $100,000 11-29
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com