Analysts suggested that Dogcoin, Alone Musk’s favorite meme coins, may withstand a fall in the price and possibly fall below $ 0.15 after dumping a large amount of miners.
Crypto analyst Ali Martinez revealed that Dogcoin miners took off 65 million tokens in just two days, given that it could pull down the price of the token after the meme coin in February.
Miners raised more than 65 million ups and downs #Dogecoin $ Dog In just 48 hours! pic.twitter.com/h6zvgan3w4
– Ali (@ali_charts) March 15, 2025
Minery Dump Dog
Martinez posted a graph on her ex account on 15 March that shows Dogo Minors Selling A significant amount of dogcoin in the last few days.
Martinez said in the post, “Miners removed more than 65 million #DogeCoin $ Dolay in just 48 hours.”
Some analysts believed that if the sale pressure continued, the price of Dogge would fall further.
As writing, Dogecoin is getting Trade at $ 0.170 Per tokens, up to 1.2% within the last 24 hours, with a market cap of over $ 25 billion. However, its current price $ 0.17 is nowhere to have no $ 0.431 recorded on 18 January.
“If the demand does not absorb it and if it is true, the value will fall. If [the] The market will buy everything that means cooking something, ” @mehmetg53432836 commented on Martinez’s post.
Market supervisors said that the market pressure may be the primary driver to dump a large amount of meme coins in the last two days due to concern or value instability.
Doge can be a hit below $ 0.15
Dogge is still being traded at $ 0.17 per coin, but some analysts suggested that if the sale of sales pressure continues, the token may take a dip below $ 0.15.
Meanwhile, other analysts are optimistic that the popular meme coin can remove the fall and grow back from the recession. Market Observer Turder Tardigrade argued that if the trend is maintained, the dogcline could increase, “Dogcoin is huge bounce.”
According to the trader tardigrade, historically, if there is a breakout that leads to an improvement phase, the price of the meme coin will soon increase, insisting that when investors continue to remove their dog tokens, the meme coin may increase by $ 1 or more in the long term.
Bitcoin effect on dogcoin
Many analysts suggested that this could be a decreasing bitcoin effect that has come down to $ 85,000 after hitting $ 108,000 in January.
He explained that first, once the value of bitcoin decreased, it was a wave effect on the entire cryptocurrency ecosystem. For altcoins such as doge, a decreasing bitcoin means an increase in instability.
Market supervisors also believe that the current price of Dogi can be attributed to action and the fears of botcoin’s recession and inflation.
However, the future of dogcoin remains blurred as more miners are unloading their holdings.
Specially displayed image from Opensea, chart from tradingview
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