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🟥👉 The price of Dogecoin (DOGE) is currently going down due to several factors including inflationary tokenomics, sell pressure from large holders, and broader market and macroeconomic influences.

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🟩👉 Despite a recent spike after optimistic news about possible Fed rate cuts, DOGE faced a sharp retreat as whales moved large amounts of tokens to exchanges like Binance, signaling potential sell-offs.

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🟧👉 Additionally, the crypto market overall is experiencing pressure from uncertain economic conditions and trade policy developments, impacting DOGE's price negatively in the short term.

✅📊📈🤷📉 Key Reasons for DOGE Price Decline 🔲

▪️Inflationary Supply: Dogecoin has a high inflation rate due to its uncapped supply, which creates downward pressure on price over time unless demand increases significantly.

▪️Whale Sell-offs: Large holders (whales) moving significant amounts of DOGE to exchanges often trigger price drops as traders anticipate selling pressure.

▪️Market Sentiment and Macroeconomics: The crypto market is influenced by broader economic news, such as central bank policies and risk asset pullbacks. Following initial gains from Fed rate cut optimism, fears and caution led to selling.

▪️Technical and Support Levels: DOGE failed to hold critical support zones after recent rallies, showing weakening near-term momentum and causing further short-term price drops.

✅📊 Context

▪️DOGE dropped about 10.6% in one day recently after rebounding from a spike influenced by U.S. Federal Reserve Chairman Jerome Powell's speech.

▪️Recent whale transfers to Binance wallets worth hundreds of millions of dollars triggered bearish reactions.

▪️Despite these short-term pressures, some institutional accumulation continues, indicating potential for long-term value, but near-term technicals remain weak.

🟧🟩 $DOGE 🔴 🟢 🟠 🔵 🟣

🪙🟦 #DOGE 🟥 🟩 🟧 🟦 🟪

🟪🟥 #AMARVYAS8 🥳🎉🎉🎉.