#deathcross

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Dogecoin's price has dropped significantly in recent months. As of early March 2025, the token had fallen to $0.019, its lowest price since November 2024. This contrasts sharply with its all-time high of $0.30 in 2021. The decline has been more than 60% since its peak, and market watchers are now concerned about Dogecoin's future, as a "death cross" pattern appears on the horizon. This pattern is frequently seen as a negative signal in technical analysis, signalling a likely steep drop in price. Also Read:   bitcoin-1-million-why-the-white-house-support-could-accelerate-its-growth/ A death cross occurs when the short-term moving average falls below the long-term moving average, indicating that the asset is in a steep decline. This is a warning indication for investors, particularly those who have made significant investments in meme coins such as Dogecoin, which are more volatile than standard cryptocurrencies. The death cross indicates that the slump may continue, and Dogecoin may see additional losses. It is vital to remember that Dogecoin's price decrease is not occurring in isolation. Other meme coins, including Shiba Inu and Pepe, have suffered considerable losses throughout the same time period. The general meme currency market has been struck severely, with several tokens shedding more than half of their value. This loss can be linked in part to the cryptocurrency market's overall gloomy sentiment, as well as external causes like as regulatory uncertainty and a drop in interest from major players such as Elon Musk. Elon Musk has been a strong advocate of Dogecoin for several years, and his engagement has undoubtedly contributed to the coin's stratospheric rise. However, Musk's influence has decreased in recent years, particularly since his nett worth plummeted. According to Bloomberg, Musk's wealth has decreased by more than $100 billion this year alone, which may limit his capacity to continue pushing Dogecoin into the spotlight. So, what does this mean for dogecoin investors? There is a real risk of a 60% drop, and investors should exercise caution. While Dogecoin's passionate fandom remains strong, the possibility of future drops is high, particularly given the creation of the death cross pattern. Volatility is frequent in the bitcoin market, and rapid price fluctuations are usual. However, individuals who continue to retain Dogecoin investments must closely follow the market. If the death cross develops completely, it may be time to reconsider one's position in the coin and decide if it is worth hanging onto in the face of such instability. On the other hand, astute investors may see the present slump as an opportunity to buy, expecting that Dogecoin's meme status and committed community would eventually drive the price back up. As the market evolves, Dogecoin's future is unknown. While it is a fun and speculative asset for many, the hazards of investing in such volatile tokens must not be underestimated. Whether you are a long-term investor or new to the meme coin market, understanding the potential for a 60% drop in Dogecoin is critical before making any decisions. Read the full article

#Bitcoin #Bearish Mode Starts & Continues till #DeathCross that pulls market approx. $20k-22k soon.. After that #BullRun Starts for next #AllTimeHigh for #BTC at 85k-95k upto August this Year.. After that #Altcoins #BullRun is Continues for next 100 days... JUST $HODL & WATCH here.. https://t.co/xmGB9gM9qF (at DreamzUltimate) https://www.instagram.com/p/CQX6ShELqH9/?utm_medium=tumblr

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#Apple Inc.’s stock flashed a #bearish “#deathcross” for the first time in three years — suggesting that a major #selloff could be around the corner. Meanwhile, the #bitcoin price climbed more than 10% on December 20 ahead of a possible “Santa #rally,” as #Coinbase president Asiff Hirji suggested. The comparison is apt because the #cryptocurrency market and #techstocks tend to move in tandem. In fact, the recent downturn in the tech sector was partially blamed for the #bitcoin #bearmarket. “As growth stocks, tech, and FAANG come under pressure, it’s going to hurt bitcoin,” Fundstrat co-founder Tom Lee said in November. “The downturn in #FAANG is hurting those owning bitcoin.” Today, Apple stock plunged to a 10-month low amid reports that a German court had ordered it to stop selling some of its older iPhones because they infringed a Qualcomm patent, #MarketWatch reported. Adding to Apple’s woes was a new projection by Rosenblatt Securities that Apple may slash “another 4 million iPhones” from its production plans due to slowing demand. Bitcoin Outperformed Apple During Bear Market Apple has now became the fifth and final FAANG stock to produce a death cross, which is a chart pattern indicating that a major selloff looms on the horizon. FAANG is an acronym for the five best-performing tech stocks in the stock market: Facebook, Apple, Amazon, Netflix and Alphabet’s Google. The death cross — which is considered a fairly accurate predictor of bear markets — appears when a stock’s short-term moving average crosses below its long-term moving average. By all accounts, the bearish FAANG performance should spell near-term doom for the crypto market, but will it? Maybe not, if the past few months are any indicator. #btc #cryptonews #btcnews https://www.instagram.com/p/BrpiXJAg2cP/?utm_source=ig_tumblr_share&igshid=xllsmd4vxvy8

Bitcoin shakes off ‘death-cross’ signal to trade slightly higher was originally published on Daily Cryptocurrency News

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