Altcoins News
By Julie Binoche
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Technical Breakdown Signals Trouble. CG Trades recently looked back at Dogecoin's wild 2024 run, when it surged 500% from its lows.
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Market Sentiment Turns Ugly. Elon Musk stayed quiet. The Tesla CEO, who used to pump DOGE with random tweets, hasn't said…
3 / 15
Dogecoin took a beating. The meme coin's pair with Bitcoin crashed through a 68-day low, sending bearish signals across trading floors and sparking fresh concerns about where…
4 / 15
Analyst Umair Crypto called out the breakdown, noting how Dogecoin's BTC pair smashed through critical support levels that traders had been watching for weeks. A drop below 1.
5 / 15
On-chain data caught a whale moving 327 million Dogecoins straight out of Robinhood, which caused a quick 1% pop to $0.092. But the pump didn't last.
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CG Trades recently looked back at Dogecoin's wild 2024 run, when it surged 500% from its lows. That surge feels like ancient history now.
7 / 15
Elliott Wave Theory paints an interesting long-term picture, though it's kind of complicated. Wave 1 wrapped up in January 2018, followed by Wave 2 in March 2020.
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But there's a catch. A close below $0.061349 kills the bullish outlook completely.
9 / 15
Trading volumes tell their own story. CoinMarketCap data shows daily trading activity dropped hard since early April.
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Elon Musk stayed quiet. The Tesla CEO, who used to pump DOGE with random tweets, hasn't said anything about the cryptocurrency in recent weeks.
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No major exchanges like Binance or Coinbase made any official statements about Dogecoin's recent performance.
12 / 15
Derivatives trading got active though. Deribit data from April 9 showed open interest jumping for Dogecoin futures, meaning traders positioned for big price moves.
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The Crypto Fear & Greed Index shifted to "Fear" territory for Dogecoin as of April 10. The index tracks emotions from various sources, and right now it's telling traders to…
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Binance had a minor technical glitch on April 8 that affected Dogecoin withdrawals. They fixed it quickly, but these incidents make traders nervous.
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Dogecoin slipped out of the top ten cryptocurrencies by market cap. As of April 11, it ranks 12th with roughly $11 billion in market cap.
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