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TL:DR;<\/strong><\/p>\n Perhaps driven by the macroeconomic uncertainty following Trump\u2019s latest tariff orders<\/a>, the cryptocurrency market turned red starting on Saturday night, and it lost over $150 billion of its capitalization within that timeframe.<\/p>\n The enhanced volatility has harmed the altcoins the most, and meme coins are once again at the forefront of the daily losses.<\/p>\n The leader of their field, Dogecoin, was not sparred as its price lost the $0.3 support and dumped below $0.29 earlier today for the first time since December 20. This meant that the OG meme token is down by 10% in the past 24 hours and more than 15% since Friday when it peaked at over $0.34.<\/p>\n Ali Martinez told his 120,000 followers on X that DOGE had experienced a bearish crossover between the Market Value to Realized Value (MVRV) ratio and its 30-day Simple Moving Average. Consequently, the analyst predicted that DOGE\u2019s price could face a \u2018steep\u2019 correction in the following weeks.<\/p>\n #Dogecoin<\/a> $DOGE<\/a> just experienced a bearish crossover between the MVRV Ratio and its 30-day SMA, signaling a steep price correction ahead. pic.twitter.com\/PVdilYgrhg<\/a><\/p>\n \u2014 Ali (@ali_charts) February 2, 2025<\/a><\/p>\n<\/blockquote>\n The original meme coin became one of the top crypto performers since the US election, perhaps due to its connection to Elon Musk and his role<\/a> in the Trump administration. However, the current political and macro uncertainty following Trump\u2019s latest actions seems to have affected DOGE a lot harder than many other alts.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\n\n
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\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\n
![<\/a>DOGEUSD. Source: TradingView<\/figcaption><\/figure>\nPerhaps driven by the macroeconomic uncertainty following Trump\u2019s latest tariff orders<\/a>, the cryptocurrency market turned red starting on Saturday night, and it lost over $150 billion of its capitalization within that timeframe.<\/p>\nThe enhanced volatility has harmed the altcoins the most, and meme coins are once again at the forefront of the daily losses.<\/p>\nThe leader of their field, Dogecoin, was not sparred as its price lost the $0.3 support and dumped below $0.29 earlier today for the first time since December 20. This meant that the OG meme token is down by 10% in the past 24 hours and more than 15% since Friday when it peaked at over $0.34.<\/p>\nAli Martinez told his 120,000 followers on X that DOGE had experienced a bearish crossover between the Market Value to Realized Value (MVRV) ratio and its 30-day Simple Moving Average. Consequently, the analyst predicted that DOGE\u2019s price could face a \u2018steep\u2019 correction in the following weeks.<\/p>\n\n#Dogecoin<\/a> $DOGE<\/a> just experienced a bearish crossover between the MVRV Ratio and its 30-day SMA, signaling a steep price correction ahead. pic.twitter.com\/PVdilYgrhg<\/a><\/p>\n\u2014 Ali (@ali_charts) February 2, 2025<\/a><\/p>\n<\/blockquote>\nThe original meme coin became one of the top crypto performers since the US election, perhaps due to its connection to Elon Musk and his role<\/a> in the Trump administration. However, the current political and macro uncertainty following Trump\u2019s latest actions seems to have affected DOGE a lot harder than many other alts.<\/p>\n\nSPECIAL OFFER (Sponsored)<\/span><\/center>\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\nLIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n<\/p><\/div>\n](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/DOGEUSD.png\"){kind=link}