Whales moved $440 million from Dogecoin to trading platforms in the 72 hours leading up to Halloween, and pessimism dominated Dogecoin price predictions for November, as the meme’s hopes of a bullish October faded and negative mood settled into the current month as the most committed investors fled the currency.
This increasing pressure from major market participants has left the bulls without the ability to defend the important demand zone at $0.18, leading to the breakdown of the ascending channel pattern that targeted the $0.26 to $0.33 zone, and the next important support is located. Near the $0.07 areaReturning there would represent a significant loss that would erase recent gains and a return to pre-rise market levels.
Dogecoin Price Forecast: Is the Coin Heading for a Complete Collapse?
Dogecoin could survive Ali Martinez’s pessimistic predictions; Historical areas of high demand indicate the possibility of stopping the downward movement, as the movement may naturally slow down near areas of high demand at $0.12 and $0.09, limiting losses to 30% or 50%, respectively, especially in light of momentum indicators indicating weak selling pressures.
The MACD indicator moves below the signal line and indicates further downward movement, while the Relative Strength Index (RSI) approaches the oversold threshold at 30. This area has historically represented the end of Dogecoin’s downward price corrections, and a rebound can stop the price collapse and reactivate the ascending channel, which creates conditions for For a potential increase of 190% towards $0.50 If the upward momentum returns.
Fundamental factors support this scenario in light of the continued reduction in federal interest rates aimed at encouraging investment and risk, with its impact on increasing demand for currency via exchange-traded funds (Dogecoin ETFs).
Subd Coin (SUBBD-SUBBD): Functional Uses Amid Meme Coin Struggles
Usually, Dogecoin plays the role of the official representative of the meme market mood, and investors are currently moving towards investing in projects that have real-world uses rather than speculating in light of expectations of an imminent collapse.
Here is the role of the SABD coin IPO (SUBBD), which attracted attention from the beginning. His project offers an AI-powered content sharing platform that aims to change the face of an $85 billion industry by providing real access to fans and better revenue tools for creators.
The SUBBD platform removes the middleman from the equation, putting the power back in the hands of content creators, allowing them to benefit from their subscribers and the revenue they generate. These privileges extend to supporters within a technical system accessible to all. Paid content, discounts, and early access allow supporters to meaningfully interact with their favorite creators.
The SUBBD platform also addresses this old problem plaguing the sector; This has prompted investors to participate in the IPO, which is close to raising $1 million.
The SUBBD project not only provides a content sharing platform, but represents a return to the crypto industry’s mission of decentralization and shared values. This benefits both creators and fans.
You can buy SABBD (SUBBD) here
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