Altcoins are starting to give in! Dogecoin is leading the plunge.

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 up DOGE at all, so when it drops again, DOGE will only fare worse.

XRP and DOGE have already started a slow decline, while BTC and SOL are still holding up—on the surface, they look okay, but in reality, they’re just the last fig leaves, trying to hide the market’s weakness. ETH at 3200 is clearly a bull trap; want to push higher? Difficult.

I'm still holding onto my short positions, no rush.

DOGE-1.8%

ETH0.14%

XRP-3.53%

BTC-0.87%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

8 Likes

Reward
8
5
Repost
Share

Comment

0/400

GateUser-744e99b4

· 5h ago

Very interesting

Reply0

EthSandwichHero

· 8h ago

Dogecoin is indeed having a tough time this round, it can't keep up with the pace. I agree with the assessment that Ethereum is luring longs; 3200 is the ceiling. There's nothing wrong with holding onto short positions, no need to rush. XRP is doing even worse over there; the major coins are all dumping their bags.

View OriginalReply0

MrRightClick

· 8h ago

Doge is really about to break down this time, the bull trap trick is getting old. Hold on to your short positions, it's going to dump sooner or later anyway. For ETH, 3200 is the final struggle, there's not much room to rise after that. This round is indeed dangerous for altcoins—they follow the drop but not the rise.

View OriginalReply0

governance_lurker

· 8h ago

Dogecoin is dead; I already got out a long time ago.

View OriginalReply0

CoffeeNFTrader

· 8h ago

Dogecoin might really not make it through this time, even Ethereum’s pump can’t pull it up. I'm still holding my short position, let's see how many bagholders are left. Ethereum at 3200 is a fake breakout, the trap of luring shorts is getting old. All the altcoins feel like they’re just waiting to die, none of them show any vitality. No matter how hard Bitcoin and SOL try to hold up, it won’t change the overall trend—they’ll all plunge together sooner or later.

View OriginalReply0

Trending TopicsView More
#JoinGrowthPointsDrawToWiniPhone17
258.39K Popularity
#DecemberMarketOutlook
52.54K Popularity
#PostonSquaretoEarn$50
6.28K Popularity
#LINKETFToLaunch
7.88K Popularity
#SharingMy100xToken
8.27K Popularity

Hot Gate FunView More

1
GEMZGEMZ
MC:$3.57KHolders:1
0.00%
2
GEBGEB
MC:$3.64KHolders:1
0.59%
3
ntrnature
MC:$3.63KHolders:2
0.04%
4
简介无敌简介无敌
MC:$3.58KHolders:1
0.00%
5
头像放大看头像放大看
MC:$3.58KHolders:1
0.00%

Sitemap