Posted 12/12/2023, 12:49:00 AM
Dogecoin Founder's Ill-Timed Joke Backfires as Price Crashes Shortly After His Premature Celebration
- Dogecoin founder Markus mocked bears when DOGE was at a yearly high of $0.1020, but it crashed 7% hours later
- Crash was likely due to Bitcoin whales selling $671M in BTC, causing ripple effect on crypto market
- DOGE fell below support at $0.959, now at $0.0944 and vulnerable to further 11.5% decline
- Bullish indicators like RSI and MACD show some persisting strength, could help DOGE recover above $0.959
- Markus' poorly timed joke embodied irony as it preceded the big crash right after his tweet