Dogecoin Faces 60% Decline Prediction as SHIBI Listing on Coinbase Sparks 100x Post-Presale Excitement

A 60% decline prediction for Dogecoin has sent shockwaves through the investment community. This forecast comes at a time when Panshibi's approval for

Dogecoin’s price could drop by 60% according to recent predictions. This prediction is based on an analysis of Dogecoin’s technical indicators, which show a death cross has formed as the MVRV Ratio for DOGE has broken below its 200-day MA.

This pattern has typically preceded significant price corrections in the past. For example, similar crossovers have led to declines of up to 44% in Dogecoin’s value. The MVRV Ratio is a key indicator that gauges whether DOGE is overvalued or undervalued.

This ratio determines market trends by making a simple calculation that compares the current market value with the investor’s purchase price.

Furthermore, the ratio often indicates a bearish market trend when it breaks below the 200-day moving average.

Dogecoin markets are currently showing high volatility, with the coin experiencing regular large price fluctuations and sudden steep price drops. After a brief surge to around $0.30, DOGE saw a decline of 2.87%, contributing to its 30-day loss of 35%.

This downturn comes after a period where Dogecoin appeared to be primed for a recovery. However, the latest Dogecoin price prediction suggests otherwise.

Moreover, the formation of the death cross may push holders to sell their bags, which would drive the price down further. This scenario bodes poorly for those considering investing in Dogecoin at this time and serves as a significant point of caution for both new and existing investors.

Coinbase may be eyeing Panshibi (SHIBI) for listing after the presale due to its explosive potential and community engagement. Panshibi combines three vibrant communities: Asia, Pandas and Memecoins.

Inspired by the iconic panda, Panshibi is a project that uniquely integrates social-fi and AI features, allowing token holders to engage in quests and earn rewards.

Potential for Panshibi to become the biggest meme coin in 2025 has attracted attention. With its 60 days presale capped at $10 million, it sets the stage for a major exchange listing after. During the presale, the token price is set to increase by 1,200%, with projections of an incredible 145,000% surge after launch, contrasting sharply with the current Dogecoin price prediction.