Dogecoin faced a wave of selling pressure yesterday, marking a sharp 14% drop from the $0.39 level. This decline has sparked caution among investors, yet Dogecoin remains resilient, holding at a critical demand level.
Dogecoin crowd sentiment is at a low point, which could point to a buying opportunity before the crypto market starts moving higher again, according to Santiment.
The Dogecoin (DOGE) price could be on the cusp of a massive price crash, as blockchain data reveals an uptick in Whales sending their tokens to major exchanges. The post Is Dogecoin Price About to Crash? Whale Sends 70 Million DOGE to Binance appeared first on Cryptonews.
Whale Alert, a prominent crypto and blockchain tracking platform, has spotted a massive DOGE deposit amid the Dogecoin price crash. This enormous deposit, involving over 70 million DOGE tokens, was moved by an anonymous whale to Binance, the world's largest crypto exchange.
Recent price movement points to a notable upside momentum for Dogecoin in the upcoming days as the general crypto market gains traction. However, certain indicators show that the dog-themed meme coin's next upward move might be tied to Bitcoin's price dynamics.
As the cryptocurrency market prepares for its next bull run, analysts issue a new Dogecoin price prediction while the market focuses on a promising new Ethereum token, WallitlQ (WLTQ). The latest market forecasts highlight Dogecoin's potential for explosive rallies and WallitlQ's soaring presale adoption, which could drive its price to new ATHs.
Cryptocurrency markets continued to slide lower on Wednesday. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $94,201.98 -2.3% Ethereum (CRYPTO: ETH) $3,279.33 -3.2% Solana (CRYPTO: SOL) $194.57 -4.9% XRP (CRYPTO: XRP) $2.32 +1.9% Dogecoin (CRYPTO: DOGE) $0.3362 -4.8% Shiba Inu (CRYPTO: SHIB) $0.00002113 -3.6% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 9% and daily active addresses falling by 0.08%.
The Shiba Inu and Dogecoin prices have suffered double-digit losses today, having started the week on a positive note. This price drop has occurred thanks to macroeconomic factors, which present a bearish outlook for these coins.
Bitcoin's sell-off shows no signs of forming a bottom, which is destroying traders' appetite for altcoins.
Dogecoin price retreated for two consecutive days as sentiment in the crypto industry worsened. Dogecoin (DOGE), the largest meme coin in the cryptocurrency market, fell by 6% on January 8, reaching a low of $0.
Amid the wider market decline, meme coin Dogecoin has seen its price retrace by about 10% in the past 24 hours. At the same time, data from Coinglass shows that over $24 million worth of Dogecoin positions have been liquidated in the ensuing decline in the past 24 hours.
Dogecoin price has dropped over 10% in the last 24 hours, mirroring a widespread cryptocurrency market downturn. Bitcoin's price fell below $96K, signaling a bearish trend that triggered investor liquidations.
Dogecoin dropped 10% to below $0.37 amid a broader crypto market decline that saw Bitcoin fall to $96,000 and triggered $560 million in liquidations.
The cryptocurrency market has clinched several gains in terms of asset price recovery and a broader positive regulatory projection. With eyes locked on a second Trump term in the White House, traders are betting on a higher price rally for top digital assets.
In a lighthearted tweet, Dogecoin co-founder Billy Markus, who goes by "Shibetoshi Nakamoto" on X, has reacted to Bitcoin's recent price drop of over 5%. Markus humorously commented, "bitcoin ate some fast food this morning," while sharing a Bitcoin chart to illustrate its price drop.
The Dogecoin liquidation heatmap of the past month showed that the $0.42 area was the strongest magnetic zone nearby.
Dogecoin price predictions for 2025: Is DOGE's rally driven by sustainable growth or just hype? Explore key resistance and support levels.
Considering the volatility of the market as a whole, Dogecoin's performance is still comparatively stable despite a recent 12% decline to trade at about $0.34. DOGE has returned to its 50 EMA, a crucial support level, as a result of the sell-off.
Bears have seized the initiative on the market, according to CoinMarketCap.
The cross-border market has witnessed a strong bearish action with major cryptocurrencies recording a double-digit drop. Moreover, the memecoin category is the most affected with an 11.48% drop in the segment's valuation. Following this, Dogecoin and Shiba Inu have both secured a spot in the top losers list.
The Pectra update and the regulations under the Trump administration drive the rise of Ethereum.
Dogecoin (DOGE -13.12%) had a spectacular year in 2024 with a gain of 250%. It outperformed many other popular cryptocurrencies, including XRP (Ripple), Bitcoin, and Ethereum.
“History shows these dips often pave the way for bigger bullish movements, especially with where we are in the market cycle now,” one market watcher said, as some foresee a shaky period in January.
Dogecoin is facing a tough day, having dropped almost 10% in the last 24 hours.
Dogecoin (DOGE), the original meme coin and one of the top 10 cryptocurrencies by market cap, saw its price plunge nearly 10% in the last 24 hours amid a broader cryptocurrency market downturn. The decline follows mixed U.S. economic data released earlier on Tuesday, which has created ripples across financial markets.
Elon Musk, on Tuesday, predicted a potential drop in prices of cryptocurrencies like Bitcoin (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE) if dollar inflation is addressed. What Happened: The Tesla and Space X CEO expressed his views on how cryptocurrencies would benefit if inflation and government overspending were curbed “If dollar inflation is solved, the price in dollars to buy cryptocurrency will actually drop, other things being equal,” Musk wrote in an X post.
Elon Musk offered praise for Pierre Poilievre, a Bitcoin advocate and contender for Canadian PM, who wants to cut government spending.
It's a rough day for Dogecoin, but other meme coins like Bonk and AI16Z are faring even worse as the crypto market takes a beating.
The cryptocurrency market was not doing well on Tuesday as Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and other digital assets plunged. The crypto market crash occurred in tandem with other risk-off events in the global financial market owing to rising US treasury yields, a more hawkish Fed and heightened macroeconomic uncertainty.
Leading meme coin Dogecoin (DOGE) has seen a notable price surge over the past week, outperforming its top meme coin rivals. During this period, DOGE has soared by 23%, outpacing Shiba Inu (SHIB), which has risen 14%, and Pepe (PEPE), which has gained 4%.
Cryptocurrency markets are sliding on Tuesday as producer price pressures weigh on the market. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,073.3 -4.7% Ethereum (CRYPTO: ETH) $3,431.99 -6.9% Solana (CRYPTO: SOL) $205.16 -6.4% XRP (CRYPTO: XRP) $2.30 -5.5% Dogecoin (CRYPTO: DOGE) $0.3562 -8.7% Shiba Inu (CRYPTO: SHIB) $0.00002217 -8.4% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 68.6% and daily active addresses falling by 0.01%.
Cryptocurrency markets are sliding on Tuesday as producer price pressures weigh on the market. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,073.3 -4.7% Ethereum (CRYPTO: ETH) $3,431.99 -6.9% Solana (CRYPTO: SOL) $205.16 -6.4% XRP (CRYPTO: XRP) $2.30 -5.5% Dogecoin (CRYPTO: DOGE) $0.3562 -8.7% Shiba Inu (CRYPTO: SHIB) $0.00002217 -8.4% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 68.6% and daily active addresses falling by 0.01%.
The Dogecoin price is currently battling to break above the $0.4 price level again, but technical analysis suggests that might not be the only thing that the meme-inspired cryptocurrency is battling. According to technical analysis by crypto analyst Kevin (@Kev_Capital_TA), Dogecoin is currently locked in a battle with a key resistance level defined by the macro 0.5 Fibonacci extension, which could determine whether the price can break through to higher levels above $0.4 or face renewed selling pressure.
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry as crypto exchange Gemini agreed to pay $5 million to settle a case with the CFTC. Plus, Dogecoin futures set a record high in terms of open interest and MARA Holdings is lending out 7,377 BTC to third parties.
Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are falling on Tuesday, as Bitcoin finds itself trading back below $98,000. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.3669 $54.12 billion -5.8% +12.9% Shiba Inu (CRYPTO: SHIB) $0.00002253 $13.3 billion -7.9% +3.9% Pepe (CRYPTO: PEPE) $0.00001906 $8 billion -9.8% -10.4% Trader Notes: Crypto chart analyst Ali Martinez flagged a sell signal on DOGE's daily chart, predicting a potential price correction.
Dogecoin (DOGE), the popular meme cryptocurrency, has experienced an unexpected price drop, shaking up its market position. At press time on January 7, 2025, Dogecoin was trading at $0.3599, after a sharp decrease of 7.79% over within minutes.
Talks about the Dogecoin payments on the X payment have arisen again following recent developments. These developments include a recently leaked code that suggests the X payments launch is imminent.
Crypto prices are plummeting early Tuesday amid rough economic data, with Bitcoin falling under $98,000 after topping $100K on Monday.
Prominent blockchain tracking platform Whale Alert has spotted an enormous Dogecoin deposit that landed on the world's largest cryptocurrency trading venue Binance.
A top analyst recently predicted Dogecoin price's likely rally to $5 ahead, with soaring global interest towards the digital assets space. On the other hand, the recent comment from Y Combinator CEO Garry Tan has further fueled speculations.
A savvy trader has capitulated on the booming AI agent coin vertical, pocketing an eight figure sum by identifying trending coins early. What Happened: Lookonchain data highlighted the trader's details, who achieved a stunning 89.07%-win rate in the past 30 days.
Dogecoin has captured the spotlight once again, as major investors, known as whales, have intensified their buying activity, acquiring a staggering 140 million DOGE tokens within 24 hours.
Dogecoin experiences strong price momentum with whale activity and futures markets setting new records, while testing key resistance at $0.41 amid broader crypto market recovery and historical January strength.
As Dogecoin nears the $0.40 mark for a breakout rally, bulls are anticipating an extended run to the $1 pipe dream. Will Dogecoin manage to achieve this target in 2025?
Elon Musk has said that if his Doge department is successful in combating inflation, it could drive down the price of bitcoin, dogecoin and other major cryptocurrencies.
Crypto market recovery shows strong momentum today, with Bitcoin surpassing $102K, fueling bullish sentiment across the market. Most of top altcoins struggles to sustain upward trends, reflecting mixed performance.
Whale transactions and large withdrawals from exchange signal demand for the largest memecoin by market capitalization.