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Market Analysis

DOGECOIN PRICE ANALYSIS & PREDICTION (April 8) – Doge Faces Sharp Rejection After Testing a Six-Month Low, Posts Gains

Dogecoin crashed to a six-month low yesterday after witnessing many roller coasters in the past months. However, due to a rejection, it has recovered well from the crash and now posts double-digit daily gains. Following a new drop from the $0.2 level two weeks ago, Doge resumed selling and broke down to a new multi-month low of $0.129 yesterday amid rising supply. Marking this level as support, a rejection occurred, and the price quickly recovered with a dragonfly candle close. That triggered a buy today and is now changing hands at $0.15. Closing today’s price with an engulfing bar could fuel a major move above last week’s high, facilitating a short-term retracement before sliding back. If such a retracement leads to another buying phase in the long term, the trend may reverse completely after fully recovering to the peak level, […]

Michael Fasogbon April 8, 2025

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Market Analysis

DOGECOIN PRICE ANALYSIS & PREDICTION (March 11) – Doge Sees 6% Gains Amid Meltdown, Possible Recovery Ahead?

After declining by over 20% in a week, Doge found a temporal support today and took a little pause. Bouncing off today’s low, other top meme coins have followed suit, but there's no assurance for a reversal yet. Doge's overall market structure has remained bearish for over three months now as it continues to break lower every week. While several positions have been liquidated on the futures trading, spot traders are still hopeful of a strong recovery while counting heavy losses. However, it may be too late to recover such a loss as the crypto market stylishly signals an ending bullish cycle. Though, there's hope for an increase as the price remains within a buying zone in the long term. A continuous monthly breakdown will confirm a bear season start. Meanwhile, the last 24 hours have marked a tough moment […]

Michael Fasogbon March 12, 2025

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News

Dogecoin $DOGE Faces Steep Decline: A Look Into the Current State of the MemeCoin’s Network and Market Activity

Dogecoin ($DOGE), the well-known meme coin that surged into the limelight in 2021, is seeing a dramatic downturn in its network activity and market performance. Once thought to have a good chance of being an up-and-coming cryptocurrency, it now looks like a has-been. Long-term holders and investors are facing what some describe as a denial phase, and various metrics and a gut feeling say that an old stalwart has serious challenges ahead, with contraction of trading volume and five-figure-dollar amount futures market, as well as the sharpest drop-off in the Dogecoin network that anyone can remember. Declining Network Activity: A 95% Drop For holders of Dogecoin, one of the worrying indicators is a steep slide in network activity. The count of active addresses on the Dogecoin network has nosedived by a stunning 95% in just a few months. In November […]

Will Izuchukwu February 27, 2025

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Market Analysis

DOGECOIN PRICE ANALYSIS & PREDICTION (February 19) – Is Doge Set For Another Crackdown Following This Bearish Move?

After experiencing a short recovery last week, Doge resumed drops and started to lose ground again on a daily scale. However, it currently sits near a key support level and now looks set for another breakdown. Doge's price is waxing weaker weekly following the latest drawdown as the bears continue to take charge on the daily chart. The primary meme coin is seriously in red today due to a 10% drop in the past few days. It currently approaches a vital support level and looks prime for another major crash. It is important to note the supply level is on the rise again. Meanwhile, the latest bearish came after a short recovery to the $0.287 level last week. It marked resistance there and initiated drops. A plunge through the immediate support could cause a serious reduction. While this bearish move […]

Michael Fasogbon February 19, 2025

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News

Galaxy Digital Faces Significant Losses on Memecoin Investments Amidst High Risk Bets

In the last few months, the prominent crypto investment firm Galaxy Digital, led by billionaire Mike Novogratz, has made some pretty audacious moves in the unstable world of Memecoins. The company has taken more than a few bold steps in the last couple of months to try and stabilize its Memecoin investments and recover some of the losses. These investments were made, it bears mentioning, not in the prospect of the assets returning some far-fetched Memecoin miracle but because of a perception among some at Galaxy that these were the types of (largely pointless) crypto projects that have the potential to return outsized gains. Breakdown of the Losses: PNUT, ai16z, and ARC Among the three Memecoins in which Galaxy Digital has invested heavily, the losses are especially pronounced for PNUT, the most prominent holding in the firm’s portfolio. Galaxy has […]

Will Izuchukwu February 18, 2025

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News

TRUMP Token Faces Major Shift as Liquidity Pool Adjustments Spark Concerns

Recent changes in management of the TRUMP token liquidity pools are raising eyebrows in the cryptocurrency community. The team behind TRUMP has taken decisive action to stabilize the token's liquidity situation, but those actions may highlight bigger challenges ahead for the token and its trading community. The Shift in Liquidity Management The central alteration happened when the two initial liquidity addresses that were tasked with holding the TRUMP liquidity pools (LP) removed all assets and switched the tokens over to a fresh address, now known as the DEV address: 5e2qR...Lr5G7. From this point on, that address will be responsible for overseeing the management of the token’s LP. To bolster the cryptocurrency and restore trading activity, the developers of the token took steps to inject a large amount of capital into the TRUMP/USDC trading pair. In the past 10 hours, they […]

Will Izuchukwu February 7, 2025

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