Close Menu
    What's Hot

    Ethereum Rises 6.5% in the Last 24 Hours, Surpassing $3,800: Reasons Explained

    Aug. 7, 2025

    Co-Founder of Tornado Cash Convicted for Operating an Unlicensed Money Transmission Service

    Aug. 7, 2025

    Three Cryptocurrencies Demonstrating Bullish Momentum Due to Exchange Listings and Hype

    Aug. 7, 2025
    Facebook X (Twitter) Instagram
    X (Twitter) Telegram
    Chain Tech CatcherChain Tech Catcher
    Subscribe
    • Home
    • News
    • Bitcoin
    • Altcoin
    • Ethereum
    • Blockchain
    • Ripple
    • Cardano
    • All Posts
    Chain Tech CatcherChain Tech Catcher
    Home ยป The meme cryptocurrency continues its downward trend after recently hitting an alltime low
    Altcoin

    The meme cryptocurrency continues its downward trend after recently hitting an alltime low

    By adminJun. 21, 2024No Comments1 Min Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    The meme cryptocurrency continues its downward trend after recently hitting an alltime low
    The meme cryptocurrency continues its downward trend after recently hitting an alltime low
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Meme cryptocurrency Degen (DEGEN) showed a significant decline in price after displaying signs of recovery from June 18th to X date.

    CoinMarketCap data indicates that on June 18th, DEGEN dropped to an all-time low of $0.0074, but partially recovered amidst a broader rally in the meme coin market.

    On June 18th, social activity for DEGEN reached record levels, with Santiment reporting 17.92% social dominance and 2,970 mentions. Social dominance measures the share of online crypto discussions focused on a specific asset compared to the top 100 cryptocurrencies.

    Sentiment towards DEGEN shifted dramatically from bearish since May 18th to bullish on June 18th, reaching an all-time high weighted sentiment of 2.75.

    Read more:

    This shift sparked increased trading activity, pushing DEGEN’s price briefly above $0.01.

    However, profit-taking followed, lowering the price by 14% to $0.009875 at the time of writing.

    Looking at technical indicators, potential further declines for DEGEN can be inferred. Points on the Parabolic Stop and Reverse (SAR) indicator remain above DEGEN’s price since June 6th, indicating a continued downward trend.

    Indicators like SAR underscore the current downward pressure on DEGEN, despite its recent rally, reflecting changes in trader sentiment.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleThe 14th Richest Person in the World Comments on Bitcoin on Social Media
    Next Article BRICS Nation Another Country Abandons US Dollar Strengthening Alliance with Russia

    Related Posts

    Ethereum Rises 6.5% in the Last 24 Hours, Surpassing $3,800: Reasons Explained

    Aug. 7, 2025

    Three Cryptocurrencies Demonstrating Bullish Momentum Due to Exchange Listings and Hype

    Aug. 7, 2025

    Dogecoin Price Forecast: Analysts Anticipate Bullish Momentum Despite Short-term Correction Risks

    Aug. 7, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Is the Bitcoin Correction Approaching Its Conclusion? Analyst Forecasts Upcoming Movement

    Feb. 26, 20259 Views

    Bitcoin Cash Poised to Break 250 Mark

    Nov. 28, 20198 Views

    Cardano ADA Moves Towards 060 Resistance Level

    Aug. 1, 20226 Views
    Don't Miss

    Ethereum Rises 6.5% in the Last 24 Hours, Surpassing $3,800: Reasons Explained

    Altcoin Aug. 7, 2025

    Ethereum Surges Amid Institutional DemandEthereum surged 6.63% in the past 24 hours breaking above $…

    Co-Founder of Tornado Cash Convicted for Operating an Unlicensed Money Transmission Service

    Aug. 7, 2025

    Three Cryptocurrencies Demonstrating Bullish Momentum Due to Exchange Listings and Hype

    Aug. 7, 2025

    Dogecoin Price Forecast: Analysts Anticipate Bullish Momentum Despite Short-term Correction Risks

    Aug. 7, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    About Us
    About Us

    Keep up with blockchain through Chain Tech Catcher. Gain insights on crypto, DApps, & innovations. Stay informed in this evolving landscape!

    X (Twitter) Telegram
    Most Popular

    Is the Bitcoin Correction Approaching Its Conclusion? Analyst Forecasts Upcoming Movement

    Feb. 26, 20259 Views

    Bitcoin Cash Poised to Break 250 Mark

    Nov. 28, 20198 Views

    Cardano ADA Moves Towards 060 Resistance Level

    Aug. 1, 20226 Views
    © 2025 Chain Tech Catcher All rights reserved.
    • Home
    • News
    • Bitcoin
    • Altcoin
    • Ethereum
    • Blockchain
    • Ripple
    • Cardano

    Type above and press Enter to search. Press Esc to cancel.