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Dogecoin (DOGE) price experienced a major 30% price decrease during the last month when it reached its $0.47 peak value in November 2024. Market bearishness, together with the industry-wide cryptocurrency market correction, remains responsible for this decrease. The market has induced considerable selling pressure, which has caused the DOGE price to fall below its vital $0.20 support threshold. A potential market recovery exists because the approval of a DOGE exchange-traded fund (ETF) remains uncertain. The market remains under bearish pressure which leads to uncertainty about the behavior of the price for DOGE. The following months will decide if the altcoin succeeds in recovering its previous market strength. Here is Why Dogecoin Price is Crashing By 5% Today? Dogecoin experienced a 5% price decrease throughout the last 24-hour period. The price of Dogecoin maintains $0.16 at present, although it reached its all-time high of $0.47 in November 2024. The declining price demonstrates a bearish market trend for Dogecoin along with its weekly market depreciation. The cryptocurrency’s price follows a pattern of enormous price swings, which social media reactions on X (formerly Twitter) significantly affect together with public endorsements by celebrities. Dogecoin’s value frequently changes due to high-level endorsement statements by Elon Musk along with social media activities. Wide forces in the cryptocurrency marketplace tend to direct changes in its market value. Dogecoin recently dropped after its price soared from a bull market in late 2024. The price of $DOGE reached new heights when the U.S. election produced hype about Trump and his corresponding discussions. The market’s attitude shifted when Dogecoin prices fell to half their value reached in November of last year while investor selling activity intensified. The present value of global crypto market capitalization amounts to $2.75 trillion despite a minor decrease of 0.49% over the day. The market volume shows a 26.06% contraction at $63.83 billion throughout the past day. $SHIB and $PEPE share declining patterns with the rest of the meme coins, while the cryptocurrency Pengu attracts increasing market interest. Crypto Analyst Predicts Potential 16% DOGE Surge Crypto analyst Zendon recently released a chart that demonstrates Dogecoin (DOGE) market expansion. The cryptocurrency has been consolidated while forming a triangular formation but signals potential breakout action now. The research analysis suggests a significant price increase would follow the successful breakout. A price rise of 16% might occur if Dogecoin breaks through its upper resistance trendline, according to the chart. Key Levels To Watch For DOGE Price? The MACD indicator currently suggests a marginally bearish analysis. The MACD line maintains a position that is slightly below its counterpart signal line suggesting an upcoming short-term price decrease. The Relative Strength Index (RSI) has achieved a position of 46 points, slightly below the middle value at 50. The essential support point lies at $0.15, which recent market movements have validated as significant. Further price declines would likely occur when the DOGE price prediction falls below its existing support level at $0.15. The resistance point in the DOGE chart currently rests at $0.17 while remaining steadfast as a barrier. The price of DOGE has the chance to rise toward $0.20 after it breaks through its current resistance point at $0.17.

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons. It's Friday! According to a Dune Analytics dashboard, Polymarket apparently predicts events with up to 94% accuracy. However, with some of its users evidently being flat-earthers, I wouldn't place too much emphasis around the decentralized platform's prophecies. In today's newsletter, OFAC removes Tornado Cash from its sanctions list, Metaplanet appoints Eric Trump to its advisory board, USAID could follow Elon Musk's DOGE in considering blockchain technology and more. Meanwhile, the total stablecoin market cap surpasses $230 billion amid institutional interest and President Trump's policies. Let's get started. Treasury removes Tornado Cash from OFAC sanctions list The U.S. Treasury Department has lifted sanctions on crypto mixer Tornado Cash after an appeals court ruled that its Office of Foreign Assets Control (OFAC) exceeded its authority in November 2024. A U.S. District Court in Texas then ordered the reversal of sanctions on Tornado Cash in January following that appeals court ruling. Tornado Cash obscures the origins of cryptocurrency transactions by pooling and redistributing funds and was originally sanctioned in August 2022. OFAC had accused the platform of being used by cybercriminals, including notorious North Korean hackers the Lazarus Group, to launder illicitly obtained cryptocurrency. However, while the Treasury remains concerned about significant state-sponsored hacking, Tornado Cash and its associated wallet addresses have now been removed from the OFAC Specially Designated Nationals (SDN) list, according to a Friday release. "Digital assets present enormous opportunities for innovation and value creation for the American people," Secretary of the Treasury Scott Bessent said in a statement. "Securing the digital asset industry from abuse by North Korea and other illicit actors is essential to establishing U.S. leadership and ensuring that the American people can benefit from financial innovation and inclusion." Metaplanet appoints Eric Trump to advisory board Japanese investment firm Metaplanet has appointed the U.S. President's second son, Eric Trump, to its Strategic Board of Advisors. Trump, also an ambassador for DeFi project World Liberty Financial, is charged with assisting the company in advancing its mission to expand its bitcoin treasury, according to Metaplanet CEO Simon Gerovich. "Eric Trump brings a wealth of experience in real estate, finance, brand development and strategic business growth and has become a leading voice and advocate of digital asset adoption worldwide," the firm said. The Tokyo-listed company announced its bitcoin accumulation strategy last year and aims to acquire 10,000 BTC by the end of 2025. Following its most recent purchase of 150 BTC on Tuesday, Metaplanet now holds 3,200 BTC — making it the 10th largest corporate bitcoin holder globally. USAID could follow Elon Musk-led DOGE unit's idea to adopt blockchain technology Trump administration officials have crafted a proposal to rebrand USAID and leverage blockchain technology as part of a more transparent procurement process, according to a document purportedly circulating the State Department obtained by Politico. A section of the proposal on creating "modernized, performance-based procurement" processes suggests "all distributions would be secured and traced via blockchain technology to radically increase security, transparency and traceability" in U.S. aid programs. However, it is not clear how exactly this would work and what type of blockchain technology would be used — whether that is a public, private or hybrid model. It's also unclear whether Secretary of State Marco Rubio or other senior Trump officials have approved the proposal, which does not constitute any concrete plans and acknowledges that some changes may require congressional approval. The news follows the Elon Musk-led DOGE unit, which recently recommended a slew of cuts to USAID, in exploring options for putting federal government systems onchain. Strategy upsizes STRF deal to $722.5 million to buy more bitcoin Strategy has announced the pricing of its STRF perpetual preferred stock offering on Friday, upsizing the deal from $500 million to $722.5 million to buy yet more bitcoin. Strategy will offer 8.5 million STRF shares at $85 per share, with the sale set to close on March 25. Net proceeds after deducting underwriting discounts, commissions and other expenses are estimated at $711.2 million. The STRF sale follows its previously announced plan to raise up to $21 billion via its perpetual strike preferred stock, STRK, and $42 billion in equity and fixed-income securities offerings. Strategy currently holds 499,226 BTC, valued at over $41 billion, with an average purchase price of $66,360 per bitcoin. Strategy's $79 billion market cap trades at a significant premium to its bitcoin net asset value, with some investors airing reservations about the firm's premium to NAV valuation and its increasingly numerous bitcoin acquisition programs in general. LG to shut down NFT platform almost nobody knew it had After three years, global electronics giant LG is set to shut down its NFT platform, LG Art Lab, by June to "explore new opportunities" amid a wave of similar closures in the struggling crypto niche Once representing the new frontier of digital assets, the NFT market has been in substantial decline during that time, with weekly trade volumes recently dropping below $100 million from a peak of $3.2 billion in 2021. Launched in September 2022, LG Art Lab allowed users to trade NFTs and display digital art on its smart TVs, though few seem to know it even existed, including me as an LG TV owner. The closure follows Kraken's shuttering of its NFT marketplace in February and Nike's wearable NFT startup RTFKT last December. Looking ahead to next week UK CPI inflation data are out on Wednesday. U.S. jobless claims and GDP figures are released on Thursday. UK GDP and U.S. PCE numbers follow on Friday. Bank of England Governor Andrew Bailey will speak on Monday, followed by U.S. Federal Reserve Vice Chair Michael Barr. 1inch, EigenLayer, Ethena and the Artificial Superintelligence Alliance are all set for token unlocks. Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem. Disclaimer: This article was produced with the assistance of OpenAI’s ChatGPT 3.5/4 and reviewed and edited by our editorial team. Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures. . $BTC

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Dogecoin Eyes $0.29—Will It Break Through or Fall to…? Dogecoin (DOGE) has been making headlines lately, as its price eyes a critical level of $0.29. After experiencing a period of consolidation, the popular meme coin has begun to show signs of upward momentum, drawing the attention of both retail and institutional investors. But the big question on everyone’s mind is: will Dogecoin break through this resistance level, or will it face a downturn? Dogecoin has proven time and again that it is more than just a meme coin. With a large and dedicated community, along with high-profile endorsements—most notably from Tesla CEO Elon Musk—Dogecoin has carved out a significant niche in the cryptocurrency market. However, despite its popularity, DOGE has often struggled to maintain long-term momentum and break through key price resistance levels. Currently, Dogecoin is testing the $0.29 mark, a level that has acted as both support and resistance in recent months. For Dogecoin to move beyond this price point, it needs to overcome significant selling pressure from those who are looking to take profits after the recent rally. Technical indicators suggest that if DOGE can push past $0.29, it could see a surge toward the $0.35 range, as there’s less resistance between these price points. On the flip side, if Dogecoin fails to break through $0.29, it could face a pullback. The cryptocurrency market is known for its volatility, and external factors such as broader market trends, regulatory news, and investor sentiment can heavily influence price movements. A failure to maintain momentum could see Dogecoin dip back toward its previous support levels, potentially around $0.25 or even lower. In conclusion, the coming days will be crucial for Dogecoin. If it can surpass the $0.29 resistance, the outlook remains bullish, with the potential for further gains. However, should it fall short, the risk of a price retracement could bring DOGE back to lower levels. Investors should watch key price levels closely for signs of $DOGE

USAID could follow Elon Musk-led DOGE unit's idea to adopt blockchain technology under Trump aides' proposal: report