The Dotecoin price The crashed up to $ 0.31 dollars this week and is still the risk of losing the psychological level of $ 0.3. This price decline is due to several factors, including developments on the macrophy side.
Why did the Price Prize from Dogecoin crash to $ 0.31?
Coinmarketcap data Shows that the price for dotecoin has dropped by over 8% and this week crashed to 0.31 US dollars. This price decline has taken place due to several factors, including the FOMC decision Today, which has created some uncertainties on the market. The US Federal Reserve will announce the decision to reduce the Fed Fin Center, regardless of whether you want to reduce interest rates or not.
CME FEDWATCH data show that there is a probability of 99.5% that the US FED unchanged interest rates, which has triggered a bearish feeling on the wider crypto market. The FED -Hangen rates unchanged are bearish for the Dotecoin priceSince investors are less likely to invest in risky goods such as Doge.
The expectation of the tariffs that remain unchanged contributed to the widespread sale, which was observed at the cryptom market at the beginning of the week and which also influenced the price of Dogecoin. Another reason why there was a wave of sale at the cryptomarkt, which led to Dogecoin’s Price Crash, the rise of the Chinese Ki -Startups Deepseek.
Deepseek Ai won The widespread popularity of this week, which immediately triggered a wave of the sale for US tech shares, with trillion dollars being extinguished from the US exchange. As a result, the crypto market also achieved a hit, which led to this downward trend for the Dotecoin Prize. It is worth noting that the Bitcoin Prize had also dropped below 100,000 US dollars at the beginning of the week. As such, Doge also had to observe such down pressure in view of his strong positive correlation with the flagship crypto.
Positive for mastiff in the middle of downward trend
There are still some positive aspects for the Dotecoin price in this downward trend. One is the fact that cryptocale are still optimistic about the leading Meme coin and accumulate during this downward trend. Intotheblock data show this Doges big transaction volume has increased by over 41%, with 23.35 billion dollars being traded during this period, which indicates whale accumulation.
Krypto -Analyst Ali Martinez It also showed that whales bought 460 million dogs during this Dotecoin price. In the meantime, the Crypto Analyst Trader Tarderrade recently claimed that there are two bull runs on the horizon for Dogecoin. This happened when the analyst revealed that Doge followed the Gaussian channel pattern. He added that the meme coin left the channel for the first time when it was red, followed by a new test of the mid-channel line. With this repeat test, Doge was able to experience a massive change to the upward trend next.
At the time of writing, the price of Dotecoin is around 0.33 USD, which has dropped by almost 1% in the past 24 hours. Data From coinmarketcap.
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