The Dogecoin Price Faces Bearish Pressure
The Dogecoin price has lost its upward momentum as it has not surpassed the $0.200 mark, and this situation matches Bitcoin and Ethereum market trends. Current crypto investors appear to choose other market opportunities because Dogecoin stays below its essential support zones. Elon Musk has broken the silence and denied the use of Dogecoin by the U.S. government, especially at the D.O.G.E. department, which has been speculated. By announcing that, it indicates no specific guidelines are planned for the meme-based cryptocurrency.
Dogecoin Faces Bearish Pressure
DOGE recently fell below the $0.1880 and $0.1820 support levels, continuing its downward trend. The price touched the $0.1620 level during its descent but recovered from there instead. Dogecoin market indicators show prices below the 100-hourly simple moving average, which demonstrates weak positive price direction.
Source: CoinMarketCap
A vital downtrend line exists at $0.170 on the DOGE/USD hourly chart where buyers encounter resistance. The price needs to overcome $0.1730 then $0.1770, to become the next level of resistance. An upward push surpassing $0.1770 has the potential to cause an advance toward $0.1850. The price will decline towards $0.1550 and potentially reach $0.1320 in case the recovery does not take place.
Elon Musk Comments on Dogecoin and U.S. Government Policies
Elon Musk, who actively supports Dogecoin, declared his standpoint about U.S. government actions against DOGE. In a discussion, Musk refuted all ideas about the use of Dogecoin at US government regulations. The statement appears during ongoing analysis from government agencies about cryptocurrency markets in general.
Despite Musk’s assurance, DOGE has yet to see a positive price reaction. Market analysts believe that uncertainty surrounding meme-based cryptocurrencies may contribute to its weak price performance. With DOGE struggling to gain momentum some buyers are exploring alternative opportunities in AI-driven crypto projects.
Ozak AI Gains Attention Amid Dogecoin’s Struggles
Crypto buyers are shifting towards Ozak AI ($OZ) as an alternative to Dogecoin since it faces decreasing demand. The blockchain project fueled by AI has gathered more than $900,000 during its active presale phase with the token at present at $0.003. During stage two of the presale, buyers will have the chance to purchase before the price rises to $0.005.
Ozak AI integrates artificial intelligence with blockchain technology, providing predictive analytics and automation tools. The platform attains increased popularity because it implements decentralized, AI-powered data storage in combination with real time market insights. The number of users seeking AI-based blockchain solutions makes Ozak AI a prominent force in this growing market sector.
Ozak AI Presale and Reward Opportunities
The Ozak AI presale succeeded in drawing significant interest because several investors purchased OZ tokens before the upcoming price hike. Ozak AI established two prizes worth $100,000 while earmarking separate funds totaling $50,000 for its hundred winners. The incentives implemented by the platform play a significant role in attracting users to the Ozak system.
Security audits of Ozak AI have provided holders with additional assurances about safety and transparency. Forecasters believe the upcoming listing price of this project will surpass its present presale value and anticipate it could reach $1 by 2025.
With Dogecoin struggling to regain momentum, AI-driven blockchain projects like Ozak AI are capturing the attention of the crypto community. Whether DOGE can recover or if alternative projects will dominate remains to be seen.
For more information about Ozak AI, visit the links below:
Website: https://ozak.ai/
Twitter/X: https://x.com/OzakAGI
Telegram: https://t.me/OzakAGI
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