Will Dougcoin start a bear market?

Here's why Dr. may face an additional 30% price crash.

The big meme coin's 17% price drop after last week is among the worst-kept secrets of the market correction.

The recent sale of WALLA may also have a negative impact at home.

Sell ​​a lot

Using the famous analysis of the X teaching, they revealed that last week alone, the largest Dogecon investors have shaken more than one billion tokens. Stash is approximately 165 million dollars (calculated at current rates). Following that move, Investment Associates now represents 15% of the asset distribution offering.

Since they increase the number of coins on the market, they increase the size of the salon, so the effort in the package appears in the package, and that can be followed by price installation (appetite is not asked). High-end selling can also be improved by the community and small players can also include money.

Soon, Martista again touched on the situation. Og Steem coin has been running in the channel since March, but recently broke below $0.18. This means that DOGE DAVES has lost and can be as low as $0.11.

Significant situation

Some market observers hope that this whole cycle will not disappear for the second time. X user Keller noted that the month of new denominations has been a strong month for the meme coin in recent years.

Elon's rise also stopped some botanic ideas. The world's most genital person (the “strong proposal” will be held in Sporex 2021. Several hours ago, that refers to the tweet, “the time is now” but put a mocking emoji at the end.

You may also like-

Meanwhile, DOGE's Relative Strength Index (RSI) shows the possibility of a reversal. A technical analysis tool measures the speed and magnitude of recent price changes, allowing traders to assess potential breakout points. They range from 0 to 100, and ratios below 30 are interpreted as a gray, they suggest that they should be pointed. Currently, the RSI is hovering around that mark.