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Leading memecoin Dogecoin (DOGE) is primed for a highly anticipated price correction despite the cryptocurrency market experiencing massive volatility.
DOGE is in the civilian workforce. According to reports, the Department of Defense (DoD) is planning to cut between 50,000 and 60,000 civilian jobs.
Dogecoin (DOGE) looks set to reclaim the eighth place it lost to Cardano (ADA) after it experienced bullish volatility on the market. Within the last 24 hours, DOGE has gained more than 3% as it posts a rebound rally in an encroaching shift for the meme coin market.
Carl Erik Rinsch, director of the film 47 Ronin starring Keanu Reeves, has been charged with defrauding Netflix to buy cryptocurrencies and stock.
Meme coins are making waves again, with Pepe (CRYPTO: PEPE), Fartcoin (CRYPTO: FARTCOIN), and Bonk (CRYPTO: BONK) surging in value over the past week. Despite uncertainty in broader markets, these coins have defied the trend, attracting increased trading volume and investor interest.
Dogecoin keeps losing ground and is unable to establish a strong level of support. Once the cryptocurrency market's darling, the meme coin is currently perilously close to a critical price zone that could cause it to drop even further.
Miami, Florida, 19th March 2025, Chainwire
Space exploration company Intuitive Machines Inc. (NASDAQ:LUNR) and popular meme cryptocurrency Dogecoin (CRYPTO: DOGE) may not appear to have much in common, yet both assets have shown comparable price activity over the past year. What happened: Houston-based Intuitive Machines has garnered both positive and negative press concerning its moon landing attempts.
A federal judge ordered DOGE to pause its efforts to shut USAID, stating that the move was likely unconstitutional.
As cryptocurrency has emerged a popular alternative asset class in recent years, Bitcoin and Ethereum remain two of the most mainstream digital tokens. But some investors have taken a liking to more-speculative opportunities.
Dogecoin shows signs of potential recovery with analysts predicting a short-term rally to $0.29 as technical indicators and wallet growth point to renewed bullish momentum.
On-chain data shows the Dogecoin shark and whale wallets have been increasing in number recently, a sign that could be bullish for DOGE's price. Dogecoin Sharks & Whales Have Been Expanding Despite Price Decline According to data from the on-chain analytics firm Santiment, Dogecoin has recently seen a rise in a couple of important indicators.
The cryptocurrency market remains volatile after weeks of consolidation. Bitcoin is hovering around $83k, while altcoins show mixed bullish and bearish trends.
Dogecoin (DOGE) is under pressure as it repeatedly fails to break past the critical $0.18 resistance level. Despite multiple attempts, the asset faces strong selling pressure, preventing any sustained rally.
DOGE whales are among the four reasons.
Dogecoin's price is ambling toward the $0.29 mark after a previous correction that saw it erase its gains. While the broader trend for DOGE remains bearish, analysts are confident of a short-term rally to reclaim its one-month high.
The price of Bitcoin is still struggling as technical resistance levels put increasing pressure on the asset. The 200-day Exponential Moving Average, a crucial level for trend reversals, has once again rejected Bitcoin following a brief recovery attempt.
Dogecoin (DOGE) closed last week on a bullish note after testing critical technical levels that could define its next directional move. The weekly chart on Binance (DOGE/USDT) reveals that DOGE is currently trading just above the significant 0.786 Fibonacci retracement level at $0.167.
Crypto analyst Master Kenobi has revealed that the Dogecoin price is mirroring a bullish pattern from the 2017 bull run. In line with this, he predicted that DOGE could reach the much anticipated $1 level and provided a timeline for when this could happen.
Top altcoins like Solana and XRP are down ahead of the Federal Reserve's policy decision, an event that could shape rate cut expectations.
Dogecoin is demonstrating upward performance as bullish sentiment returns to the market, causing the dog-themed meme coin to rise above the $0.17 price level. With DOGE regaining traction, a crypto analyst points to a potential price reversal, predicting a notable upsurge in the upcoming weeks.
Cryptocurrency markets are trending lower on Tuesday as investors brace for tomorrow's FOMC meeting. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $82,037.14 -3.1% Ethereum (CRYPTO: ETH) $1,903.81 -2.1% Solana (CRYPTO: SOL) $123.88 -5% XRP (CRYPTO: XRP) $2.25 -4.8% Dogecoin (CRYPTO: DOGE) $0.1657 -5.7% Shiba Inu (CRYPTO: SHIB) $0.00001242 -5% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 32.6% and daily active addresses growing by 16.1%.
Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are struggling despite positive on-chain metrics and technical buy signals. While SHIB's burn rate is soaring and DOGE whales are accumulating, broader market sentiment remains cautious.
While speculators may be quick to rule out Dogecoin after its two-month decline, one analyst sees a major “buy-the-dip” opportunity. The post Is Dogecoin About to Shock the Market? Analysts Eye a Breakout to $6 appeared first on Cryptonews.
