Latest Market Updates for DOGE Coin:
· $DOGE Price Decline: DOGE is trading around $0.212, down ~2% in 24 hours, with a 7-day loss of ~13% .
· Security Concerns: Qubic’s potential 51% attack threat triggered panic selling, though whales accumulated 680M DOGE in August .
· Technical Weakness: DOGE broke below key supports, with 76.95% of supply still profitable, risking further sell-offs .
· Macro Pressure: U.S. inflation data reduced rate-cut expectations, fueling broader crypto profit-taking .
24-Hour Market Position Outlook:
· Bearish Short-Term: Resistance at $0.2130** is critical; failure to break higher may retest **$0.21 support .$XRP
· Downside Risk: A break below $0.21 could trigger a **drop to $0.208** or lower .
· Neutral Indicators: RSI (~44) and MACD show no extreme oversold conditions, but Bollinger Bands signal volatility .
· $BNB Potential Reversal: A bullish engulfing pattern noted at $0.2094–0.2109 suggests possible buyer interest if volume confirms .
Summary: DOGE faces bearish pressure from security fears and macro trends, with downside risks outweighing upside potential in the next 24 hours unless it holds $0.21 and reclaims $0.2130 .
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