Is the price of Dogecoin at a rate of 30 % with short -term holders recorded 38 meters in real losses? star-news.press/wp

Dogecoin (Doge) recorded a simple profit of 0.3 % today, June 30, to trade at 0.164 at the time of the press. The leading Meme currency records volatile moves in the past seven days, with the price fluctuation between a weekly height of $ 0.169 and the lowest weekly level at $ 0.51. In the midst of uncertainty, short -term holders appear to expect a 30 % decrease in the price of Dogcoin after registering $ 38 million in real losses within 24 hours. Amid these opposite winds, is the price decreased to $ 0.10?

The price of Dogecoin faces a possible decrease to $ 0.10

The price of Dogecoin may be about to collapse to $ 0.10 after the bear of bear science appears on the daily time frame, indicating that it is likely to have a large reflection. This style usually hints that it continues to drop to the negative side after the brief recovery where the sellers regain control.

The height of the flag column shows the possibility of a decrease in the price of Doug if the low support of the trend line in the brief thunderbolt canal. The support level lies at $ 0.157, where the strength of the landmark is confirmed if Dogecoin also decreases to less than $ 0.142

According to the artistic structure, losing this support may lead to a 31 % decrease to $ 0.109, which will push Dogecoin to its lowest level since 2024. 0.10 dollars are often a strong psychological support for DOGE, and if Bulls cannot defend it, it may be the largest Mimi currency at another zero level to its price.

The relative strength index supports this landmark about the prediction of the Dogecoin price. This indicator swings less than 50 for about a month, indicating that the bears had controlled the price since late May.

The nullification thesis of this landfill may be confirmed if the MACD line, which currently tends to the north, crosses over the zero line as RSI also makes the highest levels higher than 50. If this happens, it will be achieved with the authenticity of the recent COINGAPE analysis that shows that the price of DOGE may reach 0.47 dollars amid increasing optimism from the approval of DOGE ETF.

A short -term holder of spike losses

Short -term Dog holders realize losses after selling Dogecoin, which may cause a decreased feeling. Unlike long -term holders who buy a decrease and sell short -term holders they usually trade based on market morale, and this may have a decreased impact on the price of Dogecoin.

The Santimate network, which has shown the profit/loss network that this scale has decreased to -38 million, a sign that many merchants have begun to achieve losses in their Dogoin sales.

At the same time, Another x post Post Glassnode Note that during the past 24 hours, Dog was the first ten assets that recorded more profits. During this period, the total losses of 132 million, while profits amounted to only $ 5 million.

If this severe loss continues, the new buyers may deter from dipping his toes in Doug. When the demand dries, it makes it likely to weaken the brief recovery that constitutes the pattern of the landfill, and a 30 % possible collapse will occur in the price of Dogecoin to $ 0.106.

<!–

–>

Welcome

Muthoni Mary is an analyst and writer in the experienced encryption market that has more than three years of experience deciphering Blockchain trends, price movements, and market dynamics. She holds a Bachelor’s degree in (Financial) Trade from Kenyatta University, and mixes the strong academic basis with the sharp eye of technical analysis and a deep understanding of the data on the series. Its work provides clear data -based visions that enable investors to move in the area of ​​advanced digital assets with confidence. When the market does not analyze, Mary has reading and traveling.

<!–

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

–>

Why confidence: Coingaape: Coingepe has covered the coded currency industry since 2017, with the aim of providing useful visions to our readers. Journalists and analysts bring years of experience in market analysis and Blockchain technology to ensure realistic accuracy and balanced reports. By following our editorial policy, our book is achieved from every source, and verifies each story, and they depend on the reputable sources, quotes and media properly. We also follow a strict review methodology when evaluating exchanges and tools. From Blockchain projects emerging and launching operations to industry events and technical developments, we cover all aspects of the area of ​​digital assets with a fixed commitment to the relevant information in time.

Leave responsibility: The content and the personal views of the author and the current market conditions reflect. Please do your own research before investing in encrypted currencies, because the author and the post is responsible for any financial losses.

AD disclosure: This site may feature content with care and subsidiary links. All ads are clearly marked, and advertising partners have no effect on our editing content.