Dogecoin Price Risks 30% Crash Despite DOGE Reserve Announcement
Dogecoin faces a potential 30% crash as bearish technicals, weak sentiment after a 10M DOGE reserve buy, and Tesla's stock decline undermine confidence in the memecoin.
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Dogecoin faces a potential 30% crash as bearish technicals, weak sentiment after a 10M DOGE reserve buy, and Tesla's stock decline undermine confidence in the memecoin.
Bitcoin (BTC) has experienced a notable surge, gaining 3% in the last 24 hours, climbing from $84,000 to $88,600, following reports that upcoming US tariffs on major trading partners will be less severe than initially anticipated. However, altcoins like Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) have outperformed Bitcoin's surge in the 24-hour time frame, being the top gainers in the ten largest cryptocurrencies list.
Dogecoin Foundation's newly established corporate arm, House of Doge, has launched an “Official Dogecoin Reserve.” This strategic initiative aims to enhance the meme coin's utility and adoption as a viable transaction currency.
The House of Doge, a newly organised subdivision of the Dogecoin Foundation has recently introduced its Official Dogecoin Reserve. This is a move that seeks to reduce transaction lag times that had for long contributed to the limited adoption of digital currencies.
Dogecoin's Long/Short Ratio hit a one-week high, signaling renewed trader optimism. But will it be enough to fuel a rally?
Dogecoin price has recently seen a surge in momentum, with the House of Doge making a major move by purchasing 10 million Dogecoin. This purchase is expected to play a pivotal role in driving the currency's adoption as a mainstream payment option.
The Dogecoin Foundation has recently created a corporate arm called House of Doge, which is now forming an Official Dogecoin Reserve of 10 million DOGE. The organization is calling the reserve a proof of concept for a payment ecosystem.
After days of market swings the global crypto market shows increasing signs of strength. The price of XRP continues at a steady pace close to $2.50.
Crypto markets are rallying on Monday as the S&P 500 is having its best day in two months. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $88,253.26 +3.8% Ethereum (CRYPTO: ETH) $2,091.79 +4.8% Solana (CRYPTO: SOL) $142.75 +9.3% XRP (CRYPTO: XRP) $2.46 +2.8% Dogecoin (CRYPTO: DOGE) $0.1865 +9.1% Shiba Inu (CRYPTO: SHIB) $0.00001359 +5.7% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 1.6% and daily active addresses falling by 6.4%.
Dogecoin is now at an important moment in its market cycle, and according to a recent analysis by crypto analyst Ali Martinez, the next move could make or break it all.
The Dogecoin Foundation agreed in February to a five-year partnership with House of Doge, which will be its official commercialization partner.
Crypto analyst CobraVanguard has revealed the next price target for Dogecoin as an ascending triangle forms for the foremost meme coin. A rally to this price target could pave the way for the new highs, especially with the crypto market looking to be in rebound mode.
Bonk (CRYPTO: BONK) has seen a 26% surge over the past week, prompting traders to anticipate a breakout. If key resistance levels are cleared, many believe a strong bullish run could follow.
A federal judge has indefinitely denied the Department of Government Efficiency (DOGE) access to personal data from three federal agencies as the federal expenditure watchdog continues to cut down the size of the government.
With the broader crypto market turning bullish again, Dogecoin, the largest dog-themed meme coin has shifted toward positive territory as it recovers above the $0.17 level. Many crypto experts continue to predict an impending price rebound, which means that DOGE's renewed upward movement could be part of a larger uptrend.
A newly launched reserve of 10 million Dogecoin (CRYPTO: DOGE), valued at approximately $1.83 million, has been established to advance the cryptocurrency's use in real-world payments. What Happened: The initiative, spearheaded by House of Doge, a newly formed organization dedicated to expanding Dogecoin's adoption through business partnerships and integrations, aims to position DOGE as a mainstream payment tool for consumers and merchants alike, Decrypt reported on Monday.
Bitcoin (BTC) rose 4.25% last week to close above $86,000, and the bulls extended the recovery above $88,700 on March 24. 10x Research founder Markus Thielen said in a March 23 report that Bitcoin's reversal indicators had turned positive, suggesting a “renewed uptrend.
Rather than holding the token as a hedge against economic uncertainty, the DOGE reserve will act as a liquidity pool to help facilitate transactions for global merchants..
Meme coins have faced significant pressure in recent weeks, with uncertainty and macro-driven selling hitting risk assets across the board. Among them, Dogecoin remains in a consolidation range, trading between crucial price levels.
Dogecoin (DOGE), the largest meme coin on the digital asset market, has dropped a significant update. In an X post, House of Doge, an offshoot of the Dogecoin Foundation, has officially informed the community of notable developments, stating that the official Dogecoin Reserve is now live.
The digital asset market has seen a rally in some coins, with Dogecoin (DOGE) mirroring the recovery moves of Bitcoin (BTC). This rebound in the price of DOGE is also showcased by a surge in open interest over the past 24 hours.
Dogecoin price has by 6% today to trade at a two-week high of $0.18. The gains occurred after the crypto fear and greed index rose from 30 to 45 on March 24, suggesting that the market sentiment is shifting.
The crypto market has made a strong start to the week, with cryptocurrencies registering substantial increases. As a result, the crypto market cap has jumped almost 3% and currently sits at $2.83 trillion.
Both Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are showing signs of a potential price rally, fueled by strong technical setups and aggressive token burns. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.1769 $26.3 billion +3.3% +2.3% Shiba Inu (CRYPTO: SHIB) $0.00001318 $7.8 billion +1.2% +1.2% Pepe (CRYPTO: PEPE) $0.057627 $3.2 billion +4.1% +7.7% Trader Notes: Crypto chart analyst Ali Martinez pointed out that DOGE's 12-hour chart is seeing a narrowing Bollinger Bands, a classic setup for a major move.