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Dogecoin price has nosedived as a wave of selling intensified in the crypto industry following the highly hawkish Fed decision. Dogecoin (DOGE) has dropped for five consecutive days, reaching its lowest level since Nov. 11.

Dogecoin's (CRYPTO: DOGE) sharp 21% decline has raised alarms among traders and investors, as it struggles to maintain key support levels critical to preventing a further downturn. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.2867 $42.2 billion -21.2% -29.3% Shiba Inu (CRYPTO: SHIB) $0.00001987 $11.7 billion -17.9% -29% Pepe (CRYPTO: PEPE) $0.00001987 $6.5 billion -19.7% -34.5% Trader Notes: Crypto trader Kevin recalled his controversial Nov. 13 prediction that Dogecoin would drop to $0.26–$0.28, which has now come true.

As Bitcoin witnessed a drop of 11.25% in its price, the whole crypto market started bleeding. The memecoin OG, Dogecoin took a severe hit and fell 32% in the last three days. Dogecoin price today is down by 20.70% as compared to the last 24 hours.

The crypto market recorded volatile trading this week, following a robust rally over the past few months. Bitcoin (BTC) and top altcoins like Solana (SOL), XRP, Dogecoin (DOGE), and others have recorded significant gains this year.

Bitcoin Plunges to $93K, Dogecoin Down 27% as Crypto Bloodbath Goes On

Bitcoin (CRYPTO: BTC) on Friday plummeted approximately 10% to a preliminary low of $92,250, influenced by the Federal Reserve's recent “hawkish” 0.25% rate cut and a combination of profit-taking and technical market forces, according to industry experts. Ethereum (CRYPTO: ETH) has followed Bitcoin down, falling 16% to $3,115.

Dogecoin fell 12.4% to $0.31 amid increased trading volume and major exchange outflows following Fed Chair Powell's hawkish comments on inflation, while maintaining its position as the seventh-largest cryptocurrency by market capitalization.

Dogecoin price has faced a sharp decline, decreasing over 25% in the past two days amid ongoing crypto market corrections. The broader cryptocurrency market entered a bearish state following yesterday's FOMC meeting, with BTC falling below $100K.

The crypto market faced a pullback following its recent rally, leading to corrections across altcoins. Meme coins were no exception, though Fartcoin and a few others defied the trend, drawing investor interest due to their unique and absurd appeal.

Billy Markus, one of the two founders of the original meme cryptocurrency Dogecoin launched in 2013, has published a post where he commented on the massive price fall faced by Bitcoin, Ethereum, and Dogecoin, along with the rest of the crypto market over the last 24 hours.

Amid the broader crypto market crash, liquidation numbers soared to more than $1 billion with the Bitcoin price dropping all the way to $95,000 levels. Altcoins like ETH, SOL, DOGE are seeing even greater selling pressure correcting 8-13%.

“We believe the root cause of the morning's crash to be the market's overly bullish positioning,” QCP traders said in a Friday note.

Hackers breached Vivek Ramaswamy's X account to spread false claims about DOGE's collaboration with the stablecoin project USUAL. The post Vivek Ramaswamy's X Account Hacked to Promote DOGE Collaboration With Stablecoin Project appeared first on Cryptonews.

Dogecoin, Shiba Inu, and Pepe tumble as memecoins face bearish setups, signaling more downside ahead.

Dogecoin started a major decline below the $0.3550 support against the US Dollar. DOGE is now consolidating and might struggle to recover above the $0.350 resistance.

Elon Musk's Department of Government Efficiency (DOGE) has announced plans to collaborate with stablecoin issuer USUAL, noted a post from Vivek Ramaswamy who is co-leading the DOGE division with Musk. However, minutes later the post was deleted as it turns out that Ramaswamy's X account was hacked.

Cryptocurrency prices have taken a significant hit, with Bitcoin, Ethereum, XRP, Dogecoin and Solana all suffering major losses.

The Dogecoin price has been stuck in a state of correction and consolidation since the first week of December after a crazy multi-week rally that saw it peaking just below the $0.48 price level.

The Dogecoin trading volume has surged in the last 24 hours, and liquidations have also risen during this period. The surge in these metrics has resulted from the significant price drop for Dogecoin, which is down over 5% in the last 24 hours.

Dogecoin fell as trading volume surged following Fed Chair Powell's remark on Wednesday that inflation projections had "fallen apart."

With a recent 9% decline, Shiba Inu broke through the crucial 50 EMA level and made contact with the 100 EMA, another important support level. The asset is in a risky position going forward as a result of this loss of support, which emphasizes how flimsy SHIB's recent rally was.

Dogecoin (CRYPTO: DOGE) hit new yearly highs recently as the overall cryptocurrency sector has traded higher since Donald Trump won the 2024 presidential election. A new Benzinga poll asks readers if Dogecoin will trade closer to levels seen before the election or all-time highs set back in 2021.

Dogecoin suffered an 11% price crash within 24 hours, wiping out $35.1 million in positions. Technical signals like Bollinger Bands suggest the cryptocurrency is oversold, but a rebound may not come immediately.

Two days ago, a crypto analyst accurately forecasted a Dogecoin price crash, which has since taken place. According to the analyst's latest projections, Dogecoin is poised for a steeper decline, with an anticipated 30% crash from its current trading price.