Dogecoin Price Prediction: Dogecoin Dips 8% Amid Market Turmoil—Is a Rebound on the Horizon?
The post Dogecoin Price Prediction: Dogecoin Dips 8% Amid Market Turmoil—Is a Rebound on the Horizon? appeared on BitcoinEthereumNews.com.
Dogecoin (DOGE) led losses among major cryptocurrencies this weekend, sliding over 8% amid a widespread market downturn. The decline, which coincided with falling prices across the altcoin sector, came as investors reacted to mounting global uncertainties—particularly escalating U.S.-China trade tensions and rising market risk aversion. Pepe (PEPE) followed closely behind with a 12% plunge, while Bitcoin (BTC) also fell more than 2%, slipping below the $104,000 mark. The CoinDesk 20 Index, which tracks major digital assets, dropped 4.2% in the past 24 hours. According to Alex Kuptsikevich, chief market analyst at FxPro, the sell-off was triggered by renewed tariff fears. “Markets went red on Friday on renewed tariff-related apprehensions,” he noted. “President Trump accused China of violating the recent trade truce, while Treasury Secretary Scott Bessent admitted that talks with Beijing had stalled.” DOGE Price Under Pressure Amid Global Economic Jitters The Dogecoin price analysis suggests that DOGE has entered a short-term bearish phase, reflecting a broader correction in crypto markets. Despite holding above key technical levels earlier in the week, the weekend drop pushed the DOGE price below short-term support, raising concerns among traders. Dogecoin (DOGE) was trading at around $0.19, down 8.01% in the last 24 hours at press time. Source: Brave New Coin Bitcoin’s slump, which triggered the downturn, was exacerbated by reports that major whale wallets had begun sending coins back to exchanges—an indicator of profit-taking. Open interest in Bitcoin futures rose 51% since April, while options saw a 126% increase, pointing to heightened speculation and hedging. “Bitcoin’s local support looks solid around $103K for the coming days,” Kuptsikevich added, but warned that increased volatility could weigh on altcoins like Dogecoin. Dogecoin Founder Weighs In with Ironic Commentary As the crypto market reeled, Dogecoin founder Billy Markus, known online as “Shibetoshi Nakamoto,” offered a humorous take.…
Filed under: News - @ May 31, 2025 9:24 pm