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Kraken Pro's decision to list these pairs might also be a response to the growing demand for Dogecoin, which has seen a resurgence in popularity thanks to its vibrant community and increasing use cases.The cryptocurrency market experienced a significant downturn, with Dogecoin witnessing a sharp 10% fall in value. This decline is part of a broader market crash that has seen liquidations exceed $410 million, affecting major cryptocurrencies including Bitcoin, Ethereum and Dogecoin.
Before the fall, Dogecoin was sustaining above the daily SMA 50 at $0.155, a level which it has now lost due to the market crash. Dogecoin has now reverted to its previous trading range, which it was in mid-April until briefly breaking above in late May.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends.
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