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Dogecoin Price Prediction: A descending trendline has given a specific direction to the ongoing correction in dogecoin. Over the past five weeks, this dynamic resistance has assisted bears to actively sell on bull rallies.

The U.S. government's decision to provide a safety net for Silicon Valley Bank (NASDAQ: SIVB) depositors has led to a surge in the value of major cryptocurrencies like Bitcoin (CRYPTO: BTC), Ether (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) and the market capitalization breaking the $1 trillion ceiling. This morning, Bitcoin broke the $23,500 ceiling and reached $24,000 at the time of writing.

Investors are delicately walking on eggshells following a series of events with the potential to alter the direction of the entire market for weeks—and possibly months. The largest meme coin by market capitalization bowed to the massive overhead pressure during the weekend.

The meme cryptos are seeing a gain of 3.02% in the last 24 hours, taking the market cap up to 16.38 billion USD. The trading volume has jumped by 73.13%, indicating that investors are showing interest in the market.

Dogecoin and Terra Luna once enjoyed investor attention and this translated into value, now this hype has waned but both are working to rectify this.

Floki (CRYPTO: FLOKI) surged 14% in the last 24 hours, beating the top five meme coins by market capitalization. What Happened:  The rally in Floki's price was sparked by the integration of several DeFi platforms to the FlokiFi Locker Protocol.

Major coins traded in the green on Sunday evening following news that all Silicon Valley Bank and Signature Bank deposits will be fully refunded to customers.  Cryptocurrency Gains (+/-) Price Bitcoin 9.35% $22,563 Ethereum 9.60% $1,620 Dogecoin 7.79% $0.071 What Happened: Apex cryptocurrency Bitcoin (CRYPTO: BTC), which has been trading under $21,000 since Thursday, rose 9.35% to over $22,000 in the last 24 hours.

When rumors of SVB being saved surfaced, the crypto market reacted quickly.

Dogecoin price analysis for March 12, 2023, shows the meme cryptocurrency following an increasing movement for the last 48 hours. The price rose from 0.0626 to $0.0685 on March 11, 2023.

The price of Dogecoin (DOGE), at press time, was down another 1.7% over the last 24 hours. In fact, DOGE has also fallen by almost 10% on the weekly front, dropping to a two-month low of $0.073.

The value of Dogecoin' (DOGE) is declining and has recently fallen to a low of $0.064.

A descending trendline has been carrying the ongoing correction in Dogecoin price, giving it a visible direction in the last five weeks. During the downfall, the coin price turned down from the resistance trendline several times indicating the market participants are actively selling at this trendline.

The recent collapse of Silicon Valley Bank (SVB), a crypto-friendly institution, has triggered a massive sell-off in the cryptocurrency market, causing the value of Dogecoin to drop by 21% in the last seven days alone.

Large Dogecoin (DOGE) whales are on the move, shifting over half a billion tokens as the crypto markets continue to see red. The whale-watching bot Dogecoin Whale Alert reports that deep-pocketed holders of the top meme coin have relocated 527,909,756 DOGE worth over $34.63 million in the last 24 hours alone.

Dogecoin price analysis for today shows that the DOGE/USD pair has fallen to $0.06491 after a strong bearish signal. The downtrend was confirmed with a break below the support at $0.06434 and a failure to hold on to the ascending trend line.

Shiba Inu is winning the crypto meme coin race in 2023 with over 23% gains. The debate about the better meme coin, Shiba Inu or Dogecoin, is rife in the crypto industry.

The cryptocurrency market has seen a decline in the value of Dogecoin (DOGE) as massive amounts of fear, uncertainty, and doubt swept across the market after Silicon Valley Bank collapsed on Friday morning as a result of a bank run and a capital crisis precipitated the second-largest failure of a financial institution in the history

Bitcoin (CRYPTO: BTC) was sliding over 2% lower on Friday, in tandem with the S&P 500, which was dropping about 1.6% amid recently announced failures in both the banking industry and the crypto sector. On Thursday, Silicon Valley-based SVB Financial Group's attempt at fundraising and crypto bank Silvergate Capital Corp annoucement it will shut down sent shockwaves through the general market and crypto sector.

The February U.S. jobs report was a mixed bag, which seems to have provoked interest from a few bulls in BTC and altcoins.

Dogecoin fell to its lowest level since October, as cryptocurrency prices plunged during Friday's session. Overall, the global crypto market cap dropped by nearly 9% today, which seems to have been triggered by yesterday's liquidation of Silvergate bank. Litecoin has been another notable mover, falling by over 17%.

The cryptocurrency industry continues to suffer a bearish streak that has seen its market capitalization drop below the psychological threshold of $1 trillion, and Dogecoin (DOGE) is no exception, but the dog meme cryptocurrency has already made a fortune for some crypto traders and investors before, and many hope it could continue to do so in the future. 

This week, we take a closer look at Ethereum, Ripple, Cardano, Dogecoin, and Polygon. Ethereum (ETH) The overall market has turned red, and ETH's price has lost 15% in the past week.

The meme cryptos are seeing a decline of a massive 10.79% in the last 24 hours, taking the market cap down to 15.16 billion USD. The trading volume has jumped by 39.86%, indicating that the investors are withdrawing interests from the market.

On days like this when the market is down, investors tend to focus on other growth performance that showcases which protocol has positive fundamentals and which does not. In the case of Litecoin, this metric is the transaction count on the network, and as the protocol revealed, it ranked ahead of top cryptocurrencies like Dogecoin (DOGE) over the past six months.