,You can also read this news on COINTURK NEWS: Bitcoin Drops Below $65,000 as Altcoins Start to Lose Gains
Bitcoin has dropped below $65,000 once more, and altcoins are beginning to lose gains exceeding 5%. The continuation of this volatile trend is unsurprising, given the uncertainty surrounding the level of rejection the SEC will issue for Ether ETF applications next week. Investors are closely monitoring the decision, as the SEC wages a war on crypto enforcement. So, what are the predictions for DOGE?
Dogecoin (DOGE)
Despite a significant attempt, DOGE, the largest meme coin by market value, encountered a barrier due to BTC's price weakness. Nonetheless, it continues to hold the $0.15 level. Whales have been actively accumulating DOGE recently. Addresses holding between 10 million and 100 million DOGE accumulated 500 million DOGE last week. These whales, who have increased their supply to 17.57 billion, have amassed over $77 million.
Whales, who are accumulating strongly rather than selling, believe prices will rise. However, the decline in active addresses slightly dampens this appetite. The weakening activity on the network is a concerning detail for the short- and medium-term future of the price. Indeed, in the last two months, the number of average addresses transacting on the Dogecoin network has dropped by over 20%.
The average active addresses, which have fallen from 67,000 to 52,000, do not favor the bulls, especially considering the current BTC negativity. This deviation indicates a possible price drop.
DOGE Price Prediction
Dogecoin's current price, hovering at $0.15, indicates a 2% decline. The price, which avoided a major drop after escaping the death cross last week, is prevented from rapid sales by maintaining $0.15 as support. If the bulls cannot surpass $0.17 and turn it into support again, we may see the price stuck in this narrow range for a longer period.
In an optimistic scenario, the target is a rally attempt to $0.2 for a bigger peak. However, the likely scenario for DOGE, as suggested by BTC losses, is a continued series of sales towards $0.14 and $0.12 supports. If losses continue, we could see a drop to $0.08.
At the time of writing, Bitcoin's price was at $64,900, while Ethereum had fallen below $3,000 again.
The post first appeared on COINTURK NEWS: Bitcoin Drops Below $65,000 as Altcoins Start to Lose Gains
,您還可以在 COINTURK NEWS 上閱讀此新聞:比特幣跌破 65,000 美元,山寨幣開始失去收益 比特幣再次跌破 65,000 美元,山寨幣開始損失超過 5% 的漲幅。鑑於美國證券交易委員會下週對以太坊 ETF 申請的拒絕程度存在不確定性,這種波動趨勢的持續並不令人意外。隨著美國證券交易委員會對加密貨幣執法發起一場戰爭,投資者正在密切關注這項決定。那麼,對 DOGE 的預測是什麼? 狗狗幣 (DOGE) 儘管做出了重大嘗試,但市值最大的模因幣 DOGE 由於 BTC 價格疲軟而遇到了障礙。儘管如此,它仍然保持在 0.15 美元的水平。鯨魚最近一直在積極累積 DOGE。上週,持有 1,000 萬至 1 億 DOGE 的地址累計持有 5 億 DOGE。這些鯨魚的供應量已增加到 175.7 億隻,已累積了超過 7700 萬美元。然而,活躍地址的下降略微抑制了這種興趣。網路上的活動疲軟是短期和中期價格未來的一個令人擔憂的細節。事實上,在過去兩個月裡,狗狗幣網路上的平均交易地址數量下降了超過20%。影響。這種偏差表明價格可能會下跌。該價格在上週逃離死亡交叉後避免了大幅下跌,但透過維持 0.15 美元的支撐位阻止了快速拋售。如果多頭無法突破0.17 美元並再次將其轉變為支撐位,我們可能會看到價格在較長時間內陷入這個窄幅區間。峰值。然而,如 BTC 損失所示,DOGE 可能出現的情況是持續向 0.14 美元和 0.12 美元的支撐位拋售。如果繼續虧損,我們可能會看到價格跌至0.08 美元。山寨幣開始失去收益,比特幣跌破65,000 美元