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Dogecoin (DOGE) has experienced a significant decline, losing over 25% of its value in three days, with approximately $29 million in liquidations reported. The broader crypto market is under pressure following Bitcoin's drop, leading to a wave of liquidations, particularly in bullish positions. Analysts are closely monitoring key support levels, with concerns that DOGE could fall below $0.20 if negative momentum continues, although some believe a recovery rally could occur if it maintains a weekly close above $0.26.
Dogecoin (DOGE) has seen a significant decline of over 40% recently, dropping to $0.2638 amid broader market reactions to US Federal Reserve policy changes. Analysts suggest that the $0.26 level is crucial; maintaining this could lead to a potential uptrend, with targets set at $0.42 and beyond. Historical patterns indicate that such corrections are typical in bull markets, and a rebound may follow if key support levels hold.
The cryptocurrency market is experiencing significant volatility, with Dogecoin dropping 11% in 24 hours and over 20% weekly, amid a broader sell-off affecting Bitcoin and Ethereum. This downturn follows a hawkish shift from the Federal Reserve, raising concerns about future rate cuts. Additionally, a recent security breach in Dogecoin has further undermined confidence in its stability, leading to $68 million in liquidations. Analysts are monitoring key price levels, with hopes of a potential recovery to $1.50 next year if market conditions improve.
Solana's price has plummeted 30% from a peak of $263 to around $190, following a broader cryptocurrency market downturn after the Federal Reserve's recent interest rate announcement. Concerns are growing that it could fall to $100 if bearish trends persist, especially with a significant drop in Total Value Locked (TVL) and mixed trader sentiment. However, a recovery is possible if support levels hold.
A potential government shutdown just before Christmas could disrupt holiday travel, leading to longer airport wait times due to increased TSA staff absences. However, mail deliveries and Social Security payments would continue unaffected, as the Postal Service operates independently and Social Security is a mandatory program. Stock markets may react with short-term volatility, but historically, shutdowns have had minimal lasting effects on equity performance.
Bitcoin is currently trading between $96,000 and $98,000, supported by significant buying activity from over 1.16 million BTC held in wallets. Despite a recent drop below $100,000 due to a hawkish stance from the Federal Reserve, 86% of holders remain profitable, with many continuing to accumulate BTC. Analysts warn that if Bitcoin falls below $96,000, it could drop to $90,000, while a bullish target of $110,000 remains in sight.
U.S. stock index futures fell sharply amid fears of a government shutdown and shifting interest rate expectations, as Congress struggles with President Trump's spending bill. The Federal Reserve has raised its inflation forecast for 2025, contributing to market volatility.In Russia, the central bank maintained its key interest rate at 21%, surprising markets that expected a hike. This decision aims to combat inflation, currently at 9.5%, while facing criticism from business leaders who argue that high rates hinder investment in a strained economy.
The cryptocurrency market has experienced a significant downturn, with over $1 billion liquidated in 24 hours, primarily from long positions. Bitcoin fell below $100,000, Ethereum dropped to $3,284, and Dogecoin slid to $0.296, all facing critical support levels amid bearish sentiment and macro pressures. Despite the declines, Ethereum shows strong fundamentals with substantial staking activity and institutional interest.
Bitcoin experienced an 8% drop following a Federal Reserve rate cut, briefly testing liquidity levels before rebounding above $98,000. A significant transfer of 72,000 BTC by a whale, including 8,000 BTC aged 5-7 years, has sparked speculation about a market top or a shift towards altcoins. Analysts are closely watching key price levels, particularly $103,600 and $100,000, to determine Bitcoin's short-term trajectory amidst this volatility.
Dogecoin has experienced a significant decline of over 25% in the past two days, nearing critical support levels around $0.22076. Following the recent FOMC meeting, bearish sentiment in the crypto market has intensified, raising concerns about a potential drop below $0.20. Analysts suggest that if DOGE rebounds, it could target $0.40894 and $0.65557, indicating a possible 165% rally.
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