the Dukwin and Chipa Ino prices It recorded a big accident in the past 24 hours, an evolution of a downward look at the first Meme currencies. This price collapsed occurred due to the total events that created uncertainty in the market.
What sparked the disruption of the prices of Dogecoin and Shiba Inu
Coinmarketcap data He explains that the prices of Dogecoin and Shiba Inu have been broken by more than 3 % and 2 %, respectively. This price collapsed has been operated through total events, including Donald Trump’s latest tariff. On Wednesday, the US President announced a 25 % tariff on car imports, which rocked the market like the other tariff that was previously announced.
These recent customs duties again raised concerns about the trade war, which is a declining for the encryption market. As such, the market participants appear to be accused by reducing their exposure to these encryption origins, which is the reason for the collapse of Dogoin and Shiba Inu. Moreover, the market also interacts with Mutual definitionsWhich will be implemented from April 2.
Donald Trump described the liberation day on April 2, hinting that the definitions that will be announced will be severe. Countries like China, Canada and France have made it clear that they would respond to counter -measures, which increases tensions around this trade war. Depending on the severity of this customs tariff, the prices of Dogecoin and Shiba Inu are subject to objection.
Another Macro event that broke down the prices of Dogecoin and Shiba Inu, which is the PCE inflation, which was released yesterday. The PCE index increased by 0.3 % in February, which is in line with expectations. However, the Basic PCE Index The interests raised, as it increased by 2.8 % annually, higher than expectations.
This declining development of Dogecoin and Shiba Inu prices because PCE is known as the American Federal Reserve. The Federal Reserve is unlikely to reduce cash policies and reduce interest rates if you feel that inflation rises again.
Dog on shaky land at the present time
Encryption Master Kinobi The most prominent fact is that the price of Dogecoin on a shaky land is currently. He pointed out that Duji needs to bounce from the red direction line at $ 0.177, just as she did in September last year.
If this does not happen, the analyst stated that the last hope lies in the yellow support line at about $ 0.14. He pointed out that a decrease below this support line could represent the end of the bull cycle of Mimi.
The potential decrease in the price of Dogecoin also places Chipa Ino Price At risk due to their positive association. InTothheblock data shows that most SHIB standards are on the series, including large transactions, are currently. The decrease in large transactions indicates that the SHIB whales are not optimistic about the M -currency and choose to stay on the margin at the present time.
Distinctive image from Istock, Chart from TradingView.com
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