Dogecoin price breaks multiple support levels: Why a new yearly low is at risk

Coinbase has announced the introduction of 24/7 trading for several cryptocurrencies, including SHIB, Bitcoin Cash, and Dogecoin, enhancing its trading capabilities and user engagement. This move is part of Coinbase's ongoing efforts to expand its services and adapt to the evolving cryptocurrency market.

The New York Stock Exchange (NYSE) has approved the listing of Grayscale's XRP and Dogecoin exchange-traded funds (ETFs), with trading set to commence on Monday. This development is anticipated to enhance mainstream adoption of cryptocurrencies and may influence future regulatory frameworks.

Bitcoin is currently trading just above $83,000, amid a wave of liquidations totaling approximately $2 billion. This decline has been accompanied by significant outflows from spot exchange-traded funds (ETFs), indicating a challenging environment for major cryptocurrencies like BTC, ETH, XRP, and SOL.

The XRP price has faced bearish momentum, dipping below the $2 mark, which has heightened negative sentiment among traders. Despite this decline, a crypto analyst suggests that the movement is not alarming, as XRP has been trading within a range of $1.90 to $3.50 for nearly a year. The recent drop is viewed as a revisit to a familiar support area rather than a sign of a deeper downturn.

Asia's crypto media landscape is undergoing significant changes, with a notable concentration of traffic among fewer than 20 leading outlets. In the second quarter of 2025, 82% of all crypto-native traffic in the region was directed towards these tier-1 publishers, indicating a shift in how audiences consume crypto news and information.

Pi Network price is forming a rare Adam and Eve bullish reversal pattern as it remains above key volume support. This development signals a potential bottom and suggests a movement towards higher resistance levels in the cryptocurrency market.

Recent data indicates that the demographic of sellers is significantly influencing the price crash of Bitcoin, Ethereum, and Dogecoin. The Coinbase BTC premium index continues to decline, revealing the source of sell pressure. Notably, the U.S. trading session has been the weakest this month, with Bitcoin experiencing a 12% drop since November's start, impacting Ethereum and Dogecoin prices similarly.

Ethereum's price is experiencing significant downward pressure, breaking through major support levels and falling below key high-time-frame zones. This decline signals the potential early stages of a bear market for the cryptocurrency, raising concerns among investors about the sustainability of its recent gains.