In a dramatic reversal, Dogecoin (DOGE) plunged from around $0.34 as low as $0.20, wiping out nearly 40% of its value before finding tentative stability near $0.25 at press time. However, crypto analyst “Coosh” Alemzadeh (@AlemzadehC) maintains a bullish long-term outlook, sharing a weekly chart of DOGE/USD and remarking, “DOGE: Looking really good here,” despite the recent turmoil.

Dogecoin price sank on Monday, reaching its lowest level since November last year. This decline was part of the ongoing crypto and stock market sell-off.

President Trump said Monday that planned tariffs against Mexico will be delayed, reversing the slide of Bitcoin and other major coins.

It's true that both Dogecoin (DOGE -11.68%) and Shiba Inu (SHIB -12.20%) are meme coins based around cute pictures of dogs, but the two cryptocurrencies have differing factors driving their prices.

A large DOGE transfer to Binance coincided with a 13% decline in DOGE price and a broader 15% drop in the meme coin market.

As risk-off sentiment takes hold, the cryptocurrency market has suffered one of its largest liquidation events in history, erasing over $2.24 billion in just 24 hours.

The cryptocurrency market is experiencing a strong downtrend following a market-wide correction, leading to significant liquidations. However, investors see opportunities to acquire affordable assets before the anticipated altcoin season in February 2025.

The entire cryptocurrency market has experienced a steep decline over the past 24 hours, with its total market cap plunging by double digits following a barrage of volatile price swings. Unsurprisingly, this sharp downturn has led to widespread liquidations among multiple assets within the past trading day.

Not long ago, Elon Musk announced that he will take Dogecoin (DOGE) to the moon. Fast forward to two weeks later, and the price of DOGE has lost 40% in a less than three-day span.

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) suffered double-digit losses overnight as Bitcoin (CRYPTO: BTC) briefly slumped to $92,000. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.2571 $38 billion -12.6% -17.6% Shiba Inu (CRYPTO: SHIB) $0.00001484 $8.7 billion -13.5% -16.8% PEPE (CRYPTO: PEPE) $0.059745 $4.09 billion -19.2% -21.4% Trade Notes: Crypto trader Tardigrade reassured that DOGE's pullback is part of a macro cycle.

The crypto market has been pummeled as Donald Trump's tariffs shock the markets, sending an array of assets spiraling. Bitcoin (BTC) is down nearly 7% over the past 24 hours after struggling to stay above $100,000.

The last time DOGE's price was trading that low was in November last year.

DOGE faces threats from major sell-offs by whales in the market.

Data shared by Whale Alert blockchain sleuth, which monitors large cryptocurrency transfers and then shares the details on its website and X account, spreads the word that over the past three hours a staggering amount of DOGE meme coins has changed hands.

Elon Musk said his “DOGE team” of government efficiency enforcers is shutting down some payments to federal contractors, suggesting that the world's richest man may have access to sensitive systems used at the US Treasury Department. Bloomberg's Kevin Whitelaw reports.

Dogecoin experienced a 30% price correction from $0.3250 to $0.20, with technical indicators suggesting potential recovery pending breakthrough of key resistance levels at $0.250 and $0.270.

This DOGE trust is now offering a fresh opportunity for investors to gain exposure to Dogecoin. Grayscale has more than 25 crypto investment products under its belt.

The history of Dogecoin and its impact on the markets

A Dogecoin whale sent shockwaves across the meme coin market on Monday, dumping a staggering 200 million tokens to Binance. Primarily, as the dump occurred amid a broader market crash in light of Trump's new tariffs, market watchers convey severe concerns over future price movements.

Renowned meme cryptocurrencies Dogecoin and Shiba Inu price have illustrated an alarming drop as the week kicked off, primarily attributable to the broader market trends. Notably, SHIB price slumped to as low as the $0.000012 level intraday, whereas DOGE price plunged to the $0.2 level, sparking investor concerns.

XRP, dogecoin (DOGE) and Cardano's ADA fell more than 25% to reverse all of the gains since December, reaching pre-U.S. election levels from early November.

Dogecoin declined heavily below the $0.280 support against the US Dollar. DOGE is now recovering and might face hurdles near $0.270.

Cryptocurrency prices crashed hard on Monday, continuing their recent trend, and leading to substantial liquidations. Bitcoin moved from the year-to-date high of $109,200 in January to below $93,000.

XRP closed below the 26 EMA, a crucial support level in robust uptrends, for the first time this year. This break indicates a possible change in momentum and a rise in bearish pressure.

Elon Musk has confirmed he wants to put the U.S.

Elon Musk's DOGE initiative targets a $4 billion daily spending cut with the ambitious goal of zero inflation by 2026, a move that could reshape the U.S. economy.

The price of Bitcoin nosedived after President Donald Trump's administration signed an executive order imposing new steep tariffs on all imported goods from China, Mexico, and Canada. The top coin by market cap is now down 4.4% on the day and roughly 6.8% over the last week at a current price of $97,754.

Crypto prices are crashing as President Trump suggests "pain" ahead for Americans in his brewing trade war, with Bitcoin under $97,000.

The crypto market is poised for its next great boom, and astute investors are on the lookout to find the next breakout coin that could give them tremendous profits.

The SEC has placed an importance on regulated futures markets for past crypto ETF approvals.

Dogecoin is signaling a major breakout with bullish patterns and potential ETF approval driving excitement.

Dogecoin just dropped below $0.30 as the crypto market tumbles. Is this a fakeout, or will DOGE sink further?

"I LOVE $TRUMP," the United States President posted about his Solana meme coin. It only fell harder, amid criticism over the promotion.

The end of the week is bearish for most of the coins, according to CoinMarketCap.

Dogecoin (DOGE) has enjoyed extra attention from investors, especially since Donald Trump took office and put Elon Musk in charge of D.O.G.E. — an acronym for Department of Government Efficiency.

According to Whale Alert, there were two tranches of Dogecoin (DOGE) worth 104,125,016 DOGE or $32.6 million each. Both were sent from unknown wallets directly to Coinbase, the major U.S. crypto exchange.

The orders imbalance was skewed toward the buyers in the 10% space, pointing to a bullish short-term reversal.

DOGE has lost the $0.3 support line.

Dogecoin (DOGE) is facing another round of bearish pressure, aligning with the general cryptocurrency market narrative, with a trading expert warning of more losses for the top meme coin.

Cryptocurrency's ascent following President Donald Trump's victory on election night has been truly remarkable. The price of Bitcoin, the world's largest cryptocurrency, has surged past $100,000 and many altcoins also skyrocketed.

Technical analysis of the Dogecoin price shows that the meme coin might be gearing up to outperform the market this month. Particularly, technical analysis of the Dogecoin/Bitcoin pair shows that an interesting bullish pattern has just emerged that could send Dogecoin on a journey to creating a huge bullish candle and a strong uptrend throughout the entire month.

The cryptocurrency market is currently struggling, with the majority of the top 10 altcoins seeing major declines. While Bitcoin (BTC) has shown some resilience, many altcoins are in the red, leading to a general feeling of uncertainty among investors. Bitcoin, the market leader, is priced at $99,780, showing a slight 2.

The crypto market this week has concluded on a high note with several developments. Some of them stood out, like the launch of Bitcoin Miners ETF along with other altcoins ETF filings.

Polymarket's odds of a U.S Spot DOGE ETF surged to a record high of 58%.

Dogecoin whales are making moves again, scooping up a whopping 560 million DOGE tokens in just one week, as market conditions become more favorable. This large-scale purchase underscores the renewed interest and growing confidence in Dogecoin's future potential.

The crypto market is experiencing another bearish drawdown, with the price of Bitcoin (BTC), XRP, and Dogecoin (DOGE) in the spotlight. Amid this mild route, the combined crypto market cap has dropped by 2.06% to $3.43 trillion.

Dogecoin price action has stabilized above the $0.32 mark over the past week. A recent DOGE-related announcement from Elon Musk could potentially spark a bullish start to February 2024.