{"id":40999,"date":"2025-02-02T12:36:19","date_gmt":"2025-02-02T12:36:19","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=40999"},"modified":"2025-02-02T12:36:19","modified_gmt":"2025-02-02T12:36:19","slug":"dogecoins-price-sinks-15-in-2-days-is-a-bigger-crash-coming","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=40999","title":{"rendered":"Dogecoin\u2019s Price Sinks 15% in 2 Days\u2014Is a Bigger Crash Coming?"},"content":{"rendered":"

TL:DR;<\/strong><\/p>\n

Dogecoin\u2019s price troubles continued in the past few hours as the asset tumbled to its lowest price point in over a month.
\nThis comes amid some reports by a popular analyst that the largest meme coin\u2019s crash could further worsen in the following days and weeks.<\/p>\n

<\/a>DOGEUSD. Source: TradingView<\/p>\n

Perhaps driven by the macroeconomic uncertainty following Trump\u2019s latest tariff orders<\/a>, the cryptocurrency market turned red starting on Saturday night, and it lost over $150 billion of its capitalization within that timeframe.<\/p>\n

The enhanced volatility has harmed the altcoins the most, and meme coins are once again at the forefront of the daily losses.<\/p>\n

The leader of their field, Dogecoin, was not sparred as its price lost the $0.3 support and dumped below $0.29 earlier today for the first time since December 20. This meant that the OG meme token is down by 10% in the past 24 hours and more than 15% since Friday when it peaked at over $0.34.<\/p>\n

Ali Martinez told his 120,000 followers on X that DOGE had experienced a bearish crossover between the Market Value to Realized Value (MVRV) ratio and its 30-day Simple Moving Average. Consequently, the analyst predicted that DOGE\u2019s price could face a \u2018steep\u2019 correction in the following weeks.<\/p>\n

#Dogecoin<\/a> $DOGE<\/a> just experienced a bearish crossover between the MVRV Ratio and its 30-day SMA, signaling a steep price correction ahead. pic.twitter.com\/PVdilYgrhg<\/a><\/p>\n

\u2014 Ali (@ali_charts) February 2, 2025<\/a><\/p>\n\n

The original meme coin became one of the top crypto performers since the US election, perhaps due to its connection to Elon Musk and his role<\/a> in the Trump administration. However, the current political and macro uncertainty following Trump\u2019s latest actions seems to have affected DOGE a lot harder than many other alts.<\/p>\n

The post Dogecoin\u2019s Price Sinks 15% in 2 Days\u2014Is a Bigger Crash Coming?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL:DR; Dogecoin\u2019s price troubles continued in the past few hours as the asset tumbled to its lowest price point in over a month. This comes amid some reports by a popular analyst that the largest meme coin\u2019s crash could further worsen in the following days and weeks. DOGEUSD. Source: TradingView Perhaps driven by the macroeconomic […]<\/p>\n","protected":false},"author":0,"featured_media":41000,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-40999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/40999"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40999"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/40999\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/41000"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}