Dogecoin, Shiba Inu and Pepe collapsed today and created a sense of fall for the leading MEM money. This price collapse occurred below Donald Trump’s Tariff Announcement that led to a wave of sales in the crypto market.
Why dogecoin, shiba inu and pepe fell
CoinMarketcap data Dogecoin shows that Shiba Inu and Pepe collapsed today. This occurred because of this Trump’s announcement 10% basic tariff in all countries. The US president did not stop there, because he announced customized tariff rates in certain countries, including heavy weights such as China, the European Union and Japan.
Dogecoin, Shiba Inu and Pepe immediately hit the back of this announcement because they created a wave of sales between investors. Trump’s movement will be spark A Trade War With these countries, it depends on retaliation with tariffs that may adversely affect the world economy. Experts also increased the likelihood of the US to witness high inflation or stagnation in the coming months.
Such a development is bad Dogecoin, Shiba InuAnd Pepe is likely to reduce that investors are exposed to these risk assets if inflation or stagnation begins to engage. There is already a feeling of a decrease among investors, which led to a wave of sales following Trump’s announcement and ultimately the fall of these MEM money.
Worth mentioning US Federal Reserve Currently, it adopts quantitative squeezing (QT) policies to help reduce inflation to 2%. If there are concerns that Trump’s movement may lead to higher inflation, the US Federal Bank may have to apply more QT measures.
This possibility probably focused on the minds of investors and led to a decrease in the prices of Dogecoin, Shiba Inu and Pepe. In the meantime, the Fed did not show the intention of reducing interest rates in the near future, which is also a decrease in Dogecoin, Shiba Inu and Pepe.
At the level of make or mole
In an x post, Crypto Analyst Ali Martinez He said Dgecoin was at a make -up level. He claimed that he could follow a rally for $ 0.57 if he kept $ 0.16.
However, if the leading breast mine falls below this level, there is a possibility of falling to $ 0.06. Such a big accident may also affect Shiba Inu and Pepe, because these MEM coins share a strong positive correlation.
Crypto Analyst Master Kenobi also warned that Dogecoin had to withdraw from $ 0.17. Also, if this is not the case, the last hope is at the level of support of $ 0.14. The analyst argued that he would mark the end of a decrease under this support line. Doge’s Bull Run. Interestingly, in another article, Pepe may already be in a bear market and the breast mine compares the current graph of money to the island’s graph from 2021 onwards.
The prominent picture from Adobe Stock, graphics from tradingView.com
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