news 
As of late 2024, there has been a shift in the approach taken by policymakers regarding cryptocurrency regulations. However, recent developments have led some experts to reassess their views and adopt a more measured tone.
Unfortunately, it seems that this cautionary approach may not be enough to halt the downward spiral of Dogecoin’s price. After plummeting below $0.30 on February 2nd, DOGE continued its slide, with the price hitting an intraday low of $0.20 on February 3rd.
Despite the precipitous decline, some investors saw a buying opportunity and jumped into the market, sending prices back up to around $0.261 by the end of the day. However, it remains uncertain whether this is the start of a new trend or just a brief respite from the bearish activity.
It’s crucial for traders to be aware that DOGE may struggle to break through the psychological resistance level of $0.30, which could potentially lead to further selling pressure and a decline below $0.20. This would have significant implications for investors who are waiting to enter the market at a lower price.
On the other hand, if DOGE manages to convincingly close above $0.30, it could signal that bears have exhausted themselves, paving the way for further growth towards $0.434.
In any case, Dogecoin’s trading volume has seen an astonishing surge, reaching over $2 billion on February 3rd alone.
Source: https://u.today/dogecoin-doge-trading-volume-skyrockets-to-2-billion-as-price-roars-back
