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news-imageFebruary 3, 2025

Why Are Dogecoin and Shiba Inu Price Crashing Over 25% Today?

Renowned meme cryptocurrencies Dogecoin and Shiba Inu price have illustrated an alarming drop as the week kicked off, primarily attributable to the broader market trends. Notably, SHIB price slumped to as low as the $0.000012 level intraday, whereas DOGE price plunged to the $0.2 level, sparking investor concerns.
Publisher: Coingape
Sentiment: Negative
DOGE
SHIB

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With its price falling below the 200 EMA, a crucial support level, Shiba Inu is currently experiencing one of its most critical moments. Due to this action, SHIB has returned to its February 2024 price levels, wiping out months of gains and igniting worries that the asset may drop below $0.00001 and add another zero to its valuation.

Positive
cover-imageThe Motley Fool
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Want to Make $5,000 With Shiba Inu? Follow These 4 Rules.

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cover-imageNewsBTC
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Double Bottom Pattern Suggests Dogecoin May Lead Crypto Market Gains This Month

Technical analysis of the Dogecoin price shows that the meme coin might be gearing up to outperform the market this month. Particularly, technical analysis of the Dogecoin/Bitcoin pair shows that an interesting bullish pattern has just emerged that could send Dogecoin on a journey to creating a huge bullish candle and a strong uptrend throughout the entire month.

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