{"id":19796,"date":"2022-06-13T20:11:05","date_gmt":"2022-06-13T20:11:05","guid":{"rendered":"http:\/\/egrowonline.com\/?p=19796"},"modified":"2022-06-13T20:11:05","modified_gmt":"2022-06-13T20:11:05","slug":"dogecoin-ethereum-lead-altcoins-crash-declining-by-19-17-in-24-hours","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=19796","title":{"rendered":"Dogecoin, Ethereum Lead Altcoins&#8217; Crash Declining by 19.17% in 24 Hours"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div>\n<h3 id=\"key-insights\">Key Insights:<\/h3>\n<ul>\n<li><strong>While every altcoin fell significantly, among the top 10 coins, ETH and DOGE fell the hardest.<\/strong><\/li>\n<li><strong>Bitcoin, too, fell under $24k during the intra-day trading hours.<\/strong><\/li>\n<li><strong>Ethereum\u2019s Merge failed to generate enough hype to counter the bearishness.<\/strong><\/li>\n<\/ul>\n<p><span>As the crypto market crash continued for the third day, the market observed more than $103 billion wiped out of all the <a target=\"_blank\" href=\"https:\/\/www.fxempire.com\/crypto\" rel=\"noopener\">cryptocurrencies<\/a> combined. <\/span><\/p>\n<p><span>This furthered the already declining crypto market cap and brought it below the $1 trillion mark as the market lost more than $280 billion in the span of 72 hours.<\/span><\/p>\n<\/div>\n<\/div>\n<div>\n<div>\n<h2 id=\"dogecoin-takes-a-hit\">Dogecoin Takes a Hit<\/h2>\n<p><span>The tenth biggest cryptocurrency fell victim to the bears after the broader market crash took it down along with other altcoins.<\/span><\/p>\n<p><span> In the last four days, the meme coin leader has plunged by 30.4%, making this the third biggest crash this year. <a target=\"_blank\" href=\"https:\/\/www.fxempire.com\/crypto\/doge\" rel=\"noopener\">DOGE\u2019s<\/a> trading price depreciated from $0.079 on June 10 to $0.055 at the time of writing.<\/span><\/p>\n<p><span>The coin is further set to fall as the Bollinger Bands divergence evinces that the volatility is about to intensify further, making DOGE vulnerable to price swings.<\/span><\/p>\n<\/div>\n<\/div>\n<div>\n<div>\n<p><span> However, since the candlesticks are below the bias, the volatility is most likely going to be bearish, which could result in a downtrend.<\/span><\/p>\n<p><span>This is further backed by the bearish crossover that took place yesterday. Less than two weeks ago, DOGE experienced a bullish crossover through which investors were expecting a recovery. <\/span><\/p>\n<p><span>But now that it\u2019s invalidated, the price might drop further, potentially even below $0.05.<\/span><\/p>\n<\/div>\n<\/div>\n<div>\n<div>\n<h2 id=\"ethereum-fails-to-rally-too\">Ethereum Fails To Rally Too<\/h2>\n<p><span>While Dogecoin did not have much going on development-wise, <a target=\"_blank\" href=\"https:\/\/www.fxempire.com\/crypto\/eth\" rel=\"noopener\">Ethereum <\/a>just witnessed one of the biggest and most anticipated events in its history. <\/span><\/p>\n<p><span>The deployment of The Merge upgrade on Ethereum\u2019s Ropsten test network occurred less than a week ago. <\/span><\/p>\n<p><span>However, the arrival of Proof of Stake on the network was expected to draw much more bullishness from the investors, which was not the case.<\/span><\/p>\n<p><span>In fact, even before today\u2019s crash, ETH wasn\u2019t treading any better as the price was consistently declining to bring ETH down from $1,953 to $1,788.<\/span><\/p>\n<\/div>\n<\/div>\n<div>\n<div>\n<p><span>The crash extended this bearishness, and in 4 days, ETH plummeted from $1,788 to trade at $1,244 at the time of writing, marking a 30.72% loss.<\/span><\/p>\n<p><span>The recovering Relative Strength Index (RSI) was also invalidated, and the altcoin king fell back down right at the edge of the oversold zone.<\/span><\/p>\n<p><span>Thus, just like the rest of the market, recovery from this point will not only be challenging but also delayed.<\/span><\/p>\n<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.fxempire.com\/forecasts\/article\/dogecoin-ethereum-lead-altcoins-crash-declining-by-19-17-in-24-hours-1032185\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Insights: While every altcoin fell significantly, among the top 10 coins, ETH and DOGE fell the hardest. Bitcoin, too, fell under $24k during the intra-day trading hours. Ethereum\u2019s Merge failed to generate enough hype to counter the bearishness. As the crypto market crash continued for the third day, the market observed more than $103 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19797,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[200,1000,7767,85,158,264,877],"class_list":["post-19796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-altcoins","tag-crash","tag-declining","tag-dogecoin","tag-ethereum","tag-hours","tag-lead"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/06\/doge_dollar.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/19796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19796"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/19796\/revisions"}],"predecessor-version":[{"id":19798,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/19796\/revisions\/19798"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/19797"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19796"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}