Another bearish signal has emerged for Dogecoin, with the MVRV rations dipping below the 200-day moving average. This pattern, known as the death cross, has historically been a precursor of hefty Dogecoin price dips. Similarly, the second-largest meme coin has not been in good shape lately. Key elements for the Shiba Inu price movement indicate that the meme coin could be heading for a deeper correction.
This includes the decreasing Shibarium activity. Meanwhile, DTX Exchange is rapidly gaining recognition as one of the top altcoin contenders, distinguished by its hybrid DeFi model, non-custodial framework, and 120K plus trading assets. With its robust decentralized functionalities and a strong presale momentum, DTX Exchange is quickly emerging as a formidable force within the crypto space. Its high demand has already led to a bonus presale stage with over $14.8M raised in record time, with the next target being $16M.
Dogecoin Risks Major Dip As Key Indicator Flashes Bearish Signal
The recent event was identified by crypto analyst Ali Martinez, citing that the last two times such a pattern emerged, the Dogecoin price dipped significantly. If history repeats, the Dogecoin price could lead to another significant dip in the coming weeks. The MVRV Ratio has dropped below its long-term trendline, which historically resulted in severe selling pressure as investors liquidated their positions before the price of Dogecoin dipped further.
The first occurrence of such an infamous crossover happened in October 2023, which saw the Dogecoin price dip by 26%. The second crossover was in August 2024, resulting in a more significant Dogecoin price dip of 44%. This suggests that each time the MVRV ratio dips below the 200-day MA, recovery has proved elusive for the DOGE token, thereby dragging out extended weak price movements.
However, as sentiments shift, observers are keenly watching to see whether the Dogecoin price will break this historical trend and avoid a similar bearish path. Given the expected volatility, the coming days will be key in determining whether the Dogecoin price survives the dip or its investors should start capitalizing on the DTX Exchange presale.
Shiba Inu Price Crash Ahead: Factors Driving The Bearish Sentiment
Daily transactions processed on Shiba Inu have dropped from over 4.5M over the past week to under 100K on February 17. Shibarium, which is designed to foster the development of the Shiba Inu ecosystem and further advancement, could positively impact the Shiba Inu price, with stalled progress also having an opposite effect.
The Shiba Inu burning program collapsed by 95% over the past 24 hours, resulting in 1.7M SHIB tokens being sent to a null address. The mechanism’s ultimate goal is to reduce the SHIB token circulating supply, which could potentially drive the Shiba Inu price up. The overall bearish environment within the meme coin market could have also impacted the Shiba Inu price movement.
The meme coin market total cap has dipped significantly over the past month, with the vast majority of meme coins, including Dogecoin, Floki, and Shiba Inu, recording substantial losses. Meme coins such as Shiba Inu are always driven by hype, speculative trading, and community sentiment; a dip in the entire sector can dampen enthusiasm, leading to reduced trading volume and selling pressure, which propels a dip in the Shiba Inu price.
DTX Exchange Eyes $16M In Bonus Presale Stage
DTX Exchange is gaining significant attention as one of the fastest-growing crypto projects. Investors are actively securing the DTX tokens at $0.18, representing an 800% rally from the token’s starting price of just $0.02. The token’s high demand has been attributed to its unique offerings, which include advanced AI-powered trading tools, such as automated investment managers and trading tools.
Given the high demand, DTX Exchange has entered a bonus presale round where the token aims to achieve the $16M funding target, highlighting strong investor confidence. With staking options, 1000x leverage, and copy trading, DTX Exchange is on the right track to becoming a top presale altcoin in 2025. Its lightning-fast transaction processing speed also makes it stand out.
Built on the VulcanX blockchain, DTX Exchange can handle over 200K transactions per second, ensuring users can execute transfers and trades without delays. Its liquidity pool also minimizes slippage, ensuring optimal trade execution. With such advanced features backed by DTX presale success, the DTX token could mirror the Dogecoin and Shiba Inu price movement upon its launch, allowing investors to enjoy high ROI in 2025.
Will DTX Exchange Record Better Gains Then Dogecoin and Shiba Inu?
Dogecoin price is facing a significant signal that historically led to major dips for the DOGE coin. The Shiba Inu price has also seen a bearish outlook that could continue in the coming days, driven by three major factors. In the meantime, DTX Exchange’s successful offering has seen the token raise over $14.8M as the DTX price rallies by 800% to hit $0.18.
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