Musk has a Shiba Inu and is unlikely to give up his Dogecoin holdings
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If Musk "abandons" Dogecoin, what kind of "price hell" will DOGE fall into?
Once Elon Musk's support for Dogecoin weakens, the price of Dogecoin is likely to fluctuate greatly.
Musk has been pushing regulators to approve X Payments, a financial platform that is interconnected with his X platform, but this process has not been smooth sailing and has encountered many obstacles.
Despite Musk's efforts, he has not yet obtained full regulatory approval from all states in the United States, which is likely to delay the launch of the platform.
Even if it can be successfully approved in the future, given the inflationary nature of Dogecoin itself, the probability of it being selected as the main payment currency is still at a low level.
Based on the current market chart, it is initially expected that there will be a 40% - 60% decline, and the price will be in the range of $ 0.123 to $ 0.22.
However, if the two key support levels of $0.077 and $0.057 are difficult to hold and are broken by the market, the price of Dogecoin may plummet by as much as 82%, and may even fall to $0.0098.
Under the dual disadvantages of reduced support and continued market pressure, such a downward trend will fully expose the inherent risk characteristics of cryptocurrencies. The market outlook is not optimistic and investors need to remain highly vigilant.
In the recent trading phase, the price of DOGE has suffered a significant decline, and its decline has exceeded 13% in the past 24 hours.
The price successfully broke through the key support level of $0.35 and fell all the way to a low of $0.30.
From the relative strength index (RSI) shown on the 4-hour chart, the reading is 17.67, which clearly shows that the asset is in a severely oversold state.
Such low RSI levels often indicate that the downward trend may be reversed or temporarily paused. After all, in this case, buyers may enter the market to take advantage of this price discount. #doge #比特币市场波动观察
Caused by the Fed’s announcement of interest rate cuts👌
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The platform is too dark, 99.9999999% of the platform directly crashes short orders, otherwise it is unrealistic to crash 26,000 points within 2 minutes. After being blown up, the account $PEPE will be canceled.
Memes are more likely to appear in a rotation system 🤔
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#币安Alpha项目公布
Comparison of DOGE, PEPE, and SHIB👉😎👌
DOGE Advantages: Long history, many fans, stable market foundation Elon Musk supports, active social media Large trading volume, good liquidity
Disadvantages: Already a certain scale, difficult to surge High sentiment fluctuations, large price fluctuations
PEPE Advantages: Emerging currency, if it becomes popular, the return will be considerable High volatility, there is a chance to make a profit in the short term
Disadvantages: Unstable foundation, easy to be hyped up and then smashed Uncertain long-term potential
SHIB Advantages: Strong community, developing ecosystem Regarded as the "Dogecoin killer", has potential
Disadvantages: Large issuance, insufficient demand, difficult to increase prices Highly speculative, greatly affected by market hype
👉If you want to know more about the relevant knowledge of the cryptocurrency circle and the latest cutting-edge information, click on the avatar to join the official WeChat public account, where you can share contract reading skills for free and get daily points~ #PENGU开盘 #加密用户突破1800万
The meme sector is so weak, I don't want to buy anymore! I don't want to buy anymore even though there are unlocks every day in the future! The blockchain ecosystem inscriptions have not been updated! It seems that I can only buy Ethereum Layer 2! $ETH $BTC $SOL #BTC再创新高 Repost and comment to get a red envelope
#VANA即将上线币安 The opening price will definitely not be lower than 8 USD It is estimated that it will fluctuate between 13-18 USD in the early stage, and it is recommended to sell it around 18 USD
2024.12.17 An old veteran of the crypto world returns to the crypto space. I'm about to graduate from university and can't find a job, so I'm back in the crypto world to make my way. When I first encountered virtual currency in my freshman year, BTC was hovering around 20,000, and ETH was at one or two thousand. I inexplicably entered the crypto world through a community and, like most newbies, started trading with high leverage, resulting in frequent liquidations. Gradually, I learned to be patient in trading, waiting for the right moment to open positions. After turning 200 USD into over 700 USD and withdrawing it, I didn't step back into the crypto world because I was scared after many liquidations. However, I still occasionally observe market prices. Seeing BTC reach this price, I still want to step back into this dangerous yet tempting place. I invested around 2,000 to buy Dogecoin, wanting to start with spot trading before moving on to contracts when the time is right. My goal is to grow 300 USD to 30,000 USD. If I really achieve this, I will reward the top ten commenters in the comment section of this post with 100 USD each as a return. Let's go! $DOGE
Valued at billions of dollars, is this market worth your attention? 🤡
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Jensen Huang recently suffered a painful loss in the Chinese market, was sanctioned, and rushed to Vietnam overnight. Alone on the streets in the late night, he drowned his sorrows, missing his favorite leather jacket, now only wearing a faded short-sleeve shirt. His hair turned gray, showcasing a sense of despair; truly, the world is ever-changing. Jensen Huang suffered a painful loss in the Chinese market, getting drunk on the streets of Vietnam late at night, turning gray overnight, and his latest beloved leather jacket is nowhere to be found, only wearing a t-shirt, clearly showing signs of decline.