MOON DOGE narxDOGE

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#Dogecoin ($DOGE) is forming a descending wedge pattern, suggesting a potential breakout soon! Will we see a bullish reversal? 🎯 🔎

$DOGE Dogecoin's (DOGE) price is facing a significant risk of a 60% crash due to the formation of a rare and risky pattern known as the "death cross" ¹. This pattern occurs when the 200-day and 50-day Exponential Moving Averages (EMAs) cross each other, indicating a potential reversal in the market trend. The death cross pattern has historically been a reliable indicator of a impending market downturn. In July 2024, Dogecoin formed a death cross, which led to a 40% decline in its price ¹. If history repeats itself, DOGE's price could plummet to around $0.08, representing a 60% drop from its current level. Several factors are contributing to the bearish sentiment surrounding Dogecoin. The cryptocurrency has been experiencing a significant decline in price over the past few months, with a 60% drop from its November high ². Additionally, the overall market sentiment has been bearish, with many investors expressing concerns about the potential for a broader market downturn. *Key Factors Contributing to the Bearish Sentiment:* - *Death Cross Pattern*: The formation of the death cross pattern is a significant indicator of a potential market downturn ¹. - *Declining Price*: Dogecoin's price has been experiencing a significant decline over the past few months, with a 60% drop from its November high ². - *Bearish Market Sentiment*: The overall market sentiment has been bearish, with many investors expressing concerns about the potential for a broader market downturn. Despite the bearish sentiment, some analysts believe that Dogecoin's price could experience a rebound if it finds support at the $0.15 level ³. However, if the price fails to hold this level, it could lead to a further decline. In conclusion, Dogecoin's price is facing a significant risk of a 60% crash due to the formation of the death cross pattern. While some analysts believe that the price could experience a rebound, the overall market sentiment remains bearish, and investors should exercise caution when considering investing in DOGE.

A wave of sell-offs has gripped the crypto market, dragging prices lower as macroeconomic uncertainty spooked traders on March 10. The downturn followed comments from U.S. President Donald Trump in a March 8 Fox News interview, where he acknowledged that his economic policies could result in temporary economic pain. His dovish statements on budget cuts and trade tariffs raised concerns about increased market volatility, prompting investors to move away from risk assets like cryptocurrencies. Bitcoin ( BTC ) has fallen 10% over the past week, erasing most of its recent gains. It is currently trading at $82,574, down nearly 4% in the last 24 hours, approaching its 2025 low of $78,000. The broader crypto market declined 7%, bringing its total valuation to $2.8 trillion. Altcoins also suffered significant losses. Over the past 24 hours, Solana ( SOL ) dropped 8%, XRP ( XRP ) declined 6%, and Ethereum ( ETH ) fell 5%, struggling to stay above $2,000. Cardano ( ADA ) and Dogecoin ( DOGE ) declined by nearly 8% and 9%, respectively. The market slump triggered $620 million in liquidations, with long positions bearing the brunt at $527 million. Bitcoin alone accounted for $241 million in losses. Major U.S. tech stocks have also suffered significant losses. Over the past five days, Nvidia (NVDA) dropped 8.7%, Tesla (TSLA) plunged 12.5%, and Meta (META) declined 7.17%. The S&P 500 fell 3.3% as of Monday morning, reflecting broader investor concerns. Meanwhile, Bitcoin futures on the Chicago Mercantile Exchange opened at $82,110 on March 10, down $4,320 from the previous day’s close of $86,430, marking the second-largest single-day decline in CME Bitcoin futures this month. Trump’s remarks came ahead of rising trade tensions between the U.S. and China, with Beijing set to impose new tariffs on U.S. agricultural goods in response to the latest round of U.S. import hikes. On March 4, 2025, China announced retaliatory tariffs on U.S. agricultural products set to take effect on March 10. With the implementation now underway, fears of escalating trade tensions have further weighed on investor sentiment. Further, Trump’s Bitcoin reserve announcement last week fell short of expectations. The absence of direct buying provisions disappointed traders who had anticipated stronger institutional support. Currently, traders are watching key economic data this week, including the U.S. Consumer Price Index on March 12 and the Producer Price Index on March 13, which could influence the market’s short-term trajectory. As previously reported by crypto.news, BitMEX co-founder Arthur Hayes believes Bitcoin could correct to multi-month lows of $76,000. Recently, trader Captain Faibik pointed out that Bitcoin’s price is stuck in an ascending wedge pattern. If it breaks above this formation, it could rally to $120K. However, if it drops below the pattern’s lower boundary, he warned that Bitcoin could slide further to $50K–$55K in the midterm.

Dogecoin ( $DOGE ) Dumps 23% in the Last 7 Days—What’s the Ideal DOGE Price Expectation for the Next 7 Days❓🚀 To know more👇