"Dogecoin Founder Responds to Crypto Crash: 'Every Price Drop Is Manipulation'"
Market Drop and Manipulation Accusations: The crypto market experienced a significant drop of 4.87%, erasing $200 billion in capitalization, prompting Dogecoin creator Billy Markus to mock the frequent accusations of manipulation that arise during downturns.
Double Standards in Crypto Reactions: Markus highlighted the hypocrisy in the crypto community, where price increases are celebrated as organic, while declines are immediately blamed on manipulation, emphasizing the need for a more rational understanding of market dynamics.
Current State of Dogecoin: Dogecoin saw a 7.36% decline, trading at $0.1381, with trading volumes surging by 136.66% as traders liquidated positions amid fears of further corrections, reflecting the market's psychological fragility.
Hope for Stabilization: Despite the bearish trend, the recent certification of the Bitwise Dogecoin ETF by the NYSE offers potential for attracting institutional investment and stabilizing prices in the medium term, although it has not yet countered the current market downturn.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for X stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, X is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000599 | 0.00000893 | 0.0000115 | 0.0000145 | 0.0000171 | 0.00002 | 0.0000226 |
| Fibonacci | 0.00000893 | 0.000011 | 0.0000124 | 0.0000145 | 0.0000166 | 0.0000179 | 0.00002 |
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