The post Dogecoin – Here’s why another 20% price correction may be next appeared on BitcoinEthereumNews.com. Key Takeaways Why did Dogecoin experience a sharp price drop? Over the past 24 hours, DOGE has fallen 5.2% and lost the apparent safety of the $0.18 support level, following Bitcoin’s correction to $104.1k. Where could the current bearish move end? The next support levels for Dogecoin are at $0.15 and $0.13, but traders should be prepared for a deeper correction if BTC loses the psychological $100k level. Dogecoin [DOGE] whales bought 15.1 million DOGE, worth $2.9 million, last week. However, retail participants were selling at the same time, and the $0.2 resistance level remained resilient. In a recent report, AMBCrypto observed that DOGE was trading at a vital support level, but faced overwhelming selling pressure. The OBV had dropped substantially, reflecting overwhelming selling, and the buyers were barely holding on. The Bitcoin [BTC] volatility on the 3rd of November that took prices below the $108k level sent Dogecoin reeling. At the time of writing, the leading memecoin was trading at $0.161, losing the $0.18 demand zone. Of course, Bitcoin’s decline toward $100k extended losses across the entire market. How much further will DOGE fall? The OBV illuminates the upcoming Dogecoin trends Source: DOGE/USDT on TradingView The 1-day timeframe showed that the Dogecoin bulls had a tenuous grip on the $0.18 support zone. In fact, the most recent Bitcoin correction tipped DOGE prices over the edge. Such a move was predictable based on the OBV. The OBV made a new low in the second week of October, falling lower than it had reached in the previous three months. This was an early sign that the bulls had lost the battle. On top of that, the Awesome Oscillator also formed a bearish crossover to indicate downward momentum following the 10/10 crash. There was no fightback from the buyers. Instead, selling pressure… The post Dogecoin – Here’s why another 20% price correction may be next appeared on BitcoinEthereumNews.com. Key Takeaways Why did Dogecoin experience a sharp price drop? Over the past 24 hours, DOGE has fallen 5.2% and lost the apparent safety of the $0.18 support level, following Bitcoin’s correction to $104.1k. Where could the current bearish move end? The next support levels for Dogecoin are at $0.15 and $0.13, but traders should be prepared for a deeper correction if BTC loses the psychological $100k level. Dogecoin [DOGE] whales bought 15.1 million DOGE, worth $2.9 million, last week. However, retail participants were selling at the same time, and the $0.2 resistance level remained resilient. In a recent report, AMBCrypto observed that DOGE was trading at a vital support level, but faced overwhelming selling pressure. The OBV had dropped substantially, reflecting overwhelming selling, and the buyers were barely holding on. The Bitcoin [BTC] volatility on the 3rd of November that took prices below the $108k level sent Dogecoin reeling. At the time of writing, the leading memecoin was trading at $0.161, losing the $0.18 demand zone. Of course, Bitcoin’s decline toward $100k extended losses across the entire market. How much further will DOGE fall? The OBV illuminates the upcoming Dogecoin trends Source: DOGE/USDT on TradingView The 1-day timeframe showed that the Dogecoin bulls had a tenuous grip on the $0.18 support zone. In fact, the most recent Bitcoin correction tipped DOGE prices over the edge. Such a move was predictable based on the OBV. The OBV made a new low in the second week of October, falling lower than it had reached in the previous three months. This was an early sign that the bulls had lost the battle. On top of that, the Awesome Oscillator also formed a bearish crossover to indicate downward momentum following the 10/10 crash. There was no fightback from the buyers. Instead, selling pressure…

                                                                               Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday.                     The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction.  “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more