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Why Dogecoin Price is Going Down Today?

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Summary
Nutrition label

73% Informative

Analysts see potential DOGE rise to $ 0.45 after price drop of over 6% in last 24 hours .

Bitcoin also dropped below $ 84,000 , adding to the pressure on cryptocurrencies.

Analysts say price drop follows a familiar pattern where Dogecoin has gone through corrections before rebounding.

Technical indicators suggest that DogeCoin price may be approaching a reversal.

New address creation on the Dogecoins network has significantly dropped from 1.29M to 30 K addresses.

VR Score

63

Informative language

55

Neutral language

51

Article tone

formal

Language

English

Language complexity

55

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not offensive

Hate speech

not hateful

Attention-grabbing headline

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Known propaganda techniques

not detected

Time-value

short-lived

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