Altcoins are starting to buckle! Dogecoin takes the lead in plunging.
Yesterday, ETH was still at 3100 and DOGE at 0.15. Today, ETH rebounded to 3200, but DOGE is still at 0.15. What does this mean? This ETH rally didn’t drive DOGE at all, so when the price drops again, it’ll be even worse. XRP and DOGE have already started a slow decline, while Bitcoin and SOL are still holding up—on the surface, things look okay, but in reality, they’re just the last fig leaf, trying not to let the market see the weakness. ETH at the 3200 level is clearly a bull trap. Want to push higher? Difficult.
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Altcoins are starting to buckle! Dogecoin takes the lead in plunging.
Yesterday, ETH was still at 3100 and DOGE at 0.15. Today, ETH rebounded to 3200, but DOGE is still at 0.15. What does this mean? This ETH rally didn’t drive DOGE at all, so when the price drops again, it’ll be even worse.
XRP and DOGE have already started a slow decline, while Bitcoin and SOL are still holding up—on the surface, things look okay, but in reality, they’re just the last fig leaf, trying not to let the market see the weakness. ETH at the 3200 level is clearly a bull trap. Want to push higher? Difficult.