Dogecoin Under Pressure And ‘Going To Zero’, Analyst Says – Here’s Why

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Dogecoin Under Pressure And ‘Going To Zero’, Analyst Says – Here’s Why - NewsBTC

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Bluntly, the analyst says the meme coin is “bearish” and is about to become worthless.$DOGE is bearish and is going to zero.don’t belive me? see for yourself 👇 pic.twitter.com/p4jYYDlbLZ — Mags (@thescalpingpro) June 12, 2024 This prediction hinges on the cyclical nature of DOGE, where brief price surges are followed by extended periods of decline.

Related Reading: Bitcoin Ownership Trends: Short-Term Spike As ETFs Gain Popularity – Report Mags Charts A Worrying Course Crypto analyst Mags has emerged as the harbinger of doom for DOGE.

A recent $16 million sell-off by a large holder, likely a “whale” investor, has sent shockwaves through the DOGE community, raising questions about the meme coin’s long-term viability.