AIDOGE Crypto Tanks 60% Despite 15-Day Advance

• The AIDOGE crypto price has declined by 60% from its all-time high price.
• The price of crypto has advanced for 15 days in the last 30 days.

ArbDoge AI (AIDOGE) is a digital asset within the Arbitrum ecosystem, conceived as an experiment by a group passionate about Arbitrum. It serves as the central element in ArbDoge AI’s ecosystem, offering deflationary features and opportunities for passive income through staking. AIDOGE facilitates mining, NFT creation, staking, governance, and asset issuance.

ArbDoge AI has a circulating supply of 174,455.9T AIDOGE, and the total supply of the crypto is 191,609.76T AIDOGE. Despite this, the maximum supply of the crypto is not disclosed, and the fully diluted market cap is $84.51M.

The crypto’s market cap has further declined by 2.0% in the last 24 hours. It has a market cap ranking of #531 with a market cap value of $76.88M.

The traded volume for the crypto further has witnessed a decline of 12% in the last 24 hours. Also, the value of the crypto’s traded volume is $11.09M. The crypto’s volume/market cap ratio is 14.28%, which shows that the crypto’s liquidity is medium. 

The market cap dominance of the crypto is so low that it doesn’t even count as 1%, while the crypto’s volatility is very high, resulting in 16.10%. The sentiment of the crypto is also bullish, and the fear and greed index of the crypto shows extreme greed.

ArbDoge AI Crypto Derivatives Analysis

The AIDOGE crypto’s derivatives trading volume has declined over the last few days. The traded volume further declined by 21% in the previous 24 hours, resulting in a value of $9.87M.

Also, the long liquidation recorded for the crypto is higher in the last 24 hours against the short liquidation of $5.35K. This further results in a long/short ratio of 0.9084.

Social Dominance Vs Twitter Followers

This cryptocurrency’s social dominance has declined to certain lows and its Twitter followers’ count is also low. 

AIDOGE Crypto Technical Analysis

After a massive surge, the price stopped advancing to further highs and started forming lower highs. Moreover, it is currently taking a pause at equal lows. If it declines further, it might fall to much lower levels.

The AIDOGE crypto price has declined below the 20-day and the 50-day EMAs. It is further followed by the EMAs turning around, which might lead to a bearish crossover. The price of the crypto further is heading towards the 200-day EMA.

The MACD indicator also gives a sell signal as the MACD line has declined below the zero level, and the signal line follows the same. It is further followed by bearish histograms formed on the chart. 

Summary

AIDOGE crypto’s price has plummeted by 60% from its peak, with recent trading showing a declining trend, forming lower highs. It currently rests at equal lows, indicating a potential further decline. Technical indicators signal a bearish outlook, with prices below key EMAs and MACD showing a sell signal.

Technical Levels: 

• Support levels: $0.0000000001590 and $0.0000000002690
• Resistance levels: $0.0000000006630 and $0.0000000009260

This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.