$DOGE Dogecoin dropped 4.9% in 24 hours, lagging the crypt | Anndy Lian on Binance Square

Trending Articles

Bookmarked and Liked

--

$DOGE 
Dogecoin dropped 4.9% in 24 hours, lagging the crypto market's 1.86% decline. Key drivers:
- Risk-off mood: Profit-taking before U.S. CPI data hit high-beta assets like DOGE.
- Whale moves: 1B DOGE ($221M) transferred to exchanges, hinting at selling pressure.
- Technical failure: Breach of $0.23 support sparked stop-losses and bearish patterns.

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

DOGE

0.22909

-1.51%

342

0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

@Anndy_Lian

Explore More From Creator

#BTCReclaims120K $BTC will reclaim $120K in hours. NFA.

--

#CPIWatch BREAKING: CPI Inflation Report: Price Growth Holds Steady at 2.7%

--

#CPIWatch The latest Consumer Price Index (CPI) inflation report indicates that price growth remained steady at 2.7% year-over-year, aligning closely with economist expectations and signaling a stabilization in inflationary pressures. This figure reflects a balanced pace of price increases, with core inflation, excluding volatile food and energy prices, also holding firm at around 3.2%, suggesting persistent but moderated underlying pressures. Key drivers included housing costs, which continued to contribute significantly to the index, alongside steady increases in services like healthcare and transportation. Food prices saw modest gains, while energy costs remained relatively subdued due to stable global oil markets. Goods inflation, including apparel and electronics, showed minimal growth, reflecting supply chain improvements.The Federal Reserve will likely view this stability as a positive sign, supporting its cautious approach to monetary policy. While the 2.7% rate is above the Fed’s 2% target, it indicates inflation is manageable without aggressive rate hikes. However, persistent core inflation may prompt continued scrutiny of wage growth and supply chain dynamics. Markets reacted calmly, with bond yields steady and equity indices showing mild optimism.

--

$DOGE Over the past 30 days, DOGE derivatives experienced $238 million in liquidations, with short positions accounting for 60% of trades in the last 24 hours. This surge in bearish bets followed DOGE's underperformance compared to Bitcoin, which gained 2.3%, and Solana, which rose 4.4%. Slightly negative funding rates of -0.0018862% for top altcoins versus Bitcoin have deterred leveraged long positions. Meanwhile, open interest increased by 1.66% to $3.05 billion, indicating traders anticipate volatility but lack strong directional conviction.

--

$DOGE DOGE hit resistance around $0.213, forming a bearish pattern with lower highs. The 4-hour chart indicates a failed breakout above the 50-day SMA ($0.225), a key level since early August. Key points: Multiple rejections at this level suggest fading bullish momentum.RSI (52.13) and MACD histogram (+0.00056772) indicate neutral-to-bearish momentum. Support at $0.218 (Fibonacci 78.6%) is critical; a break could push prices to $0.20.

--

Latest News

BNB Surpasses 820 USDT with a 1.58% Increase in 24 Hours

--

ETH/USDT, BTC/USDT and SOL/USDT Lead Binance USD-M Perpetual Futures Market in Trading Volume Over the Past 24 Hours

--

Tether CEO Criticizes Competitor's Strategy on Social Media

--

Federal Reserve Leadership Consideration Underway

--

Goldman Sachs CIO Discusses July CPI Data and Fed's Potential Rate Cut

--

Trending Articles

ETH Price Prediction: Is Ethereum About to Crash or Hit $7,000?

BeMaster BuySmart

🇵🇰🤝 Pakistan-US Closer Than Ever: India Watching Closely

Ripple CEO on XRP Escrow: Historic Tweet Marks Eight Years

😱🚨$3 Billion Fed Scandal! Trump Tries to Corner Powell🇺🇸

$LINK PREDICTION AND UPDATES 🚨🚨🚀 My Two

Cookie Preferences

Cookie Preferences