DOGECOIN has been attracting special attention from investors since Donald Trump, especially Donald Trump, has been in charge of Elon Musk, Doge, an initial word for the government’s efficiency. However, this interesting relationship is not particularly reflected in the price of the Meam token.
In fact, the MEME COIN market is upset by the fluid girl effect of the Trump token and other political tokens after its release. According to COINGECKO data, the market capitalization of the Mys is about $ 93.5 billion, reflecting the decrease of about 10 % in the past.
Is it 35 % on the DOGE horizon?
A recent post on the X platform revealed that the famous encryption analyst Ali Martinez showed two largest moles tokens, Dogcoin and Pepe. Crypto Pundit pointed out that the price of Dogecoin seems to reflect the price of Pepe.
It is not unusual for two tokens to follow the same price track. In particular, when classified into the same market category (as seen in Dogecoin and Pepe). There is no guarantee that DOGE PRICE reflects the price of Pepe, but this appearing correlation may provide insights on the former trajectory.
According to Martinez, if you are really chasing Pepe, you may have a deep correction at the Dogecoin price. This bearish prediction is based on a major support level of about $ 0.000017, depending on the Pepe price until the end of February.
The price of Pepe has dropped sharply to $ 0.000011 (35 % or more) after breaking this important support. This support zone marks the $ 0.31 mark on the DOGECOIN chart and offers a DOGE PRICE cushion in the past.
However, if Dogecoin is played with a similar price pattern on a 4 -hour chart, the price can fall around $ 0.2. DOGE prices can suffer even worse decreases because there is no major support around this area to alleviate this economy.
Overview of DOGECOIN price
At the time of this writing, the price of DOGE is about $ 0.305, reflecting the decrease of 3 % or more in the past 24 hours. The performance of the day has emphasized the struggle of Memcoin in recent weeks and has decreased by nearly 12 % in the past seven days.
After reaching a high local price in early December, Dogecoin witnessed a low price of about $ 0.26 within three weeks. However, the Meam token is mainly moving sideways and is a hovering over $ 0.35.
