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Dogecoin Falls to Key Support While Golden Cross Signals Potential Recovery
Dogecoin Drops – The cryptocurrency market is experiencing significant movement as Dogecoin (DOGE) battles to maintain key support levels and Tron (TRX) weathers massive profit-taking. Meanwhile, Cold Wallet (CWT) continues its impressive presale performance with unique cashback incentives.
Dogecoin Drops 25% From July High
Dogecoin has tumbled approximately 25% from its July peak and is now testing the crucial $0.19 support level. This price point has historically served as a strong floor, preventing further declines in previous market cycles.
Technical analysis reveals promising signals for potential recovery. A golden cross formation suggests the long-term uptrend may remain intact despite recent volatility. Market analysts point to RSI patterns that mirror previous setups, which historically preceded gains of up to 70% for the meme coin.
However, traders remain cautious as a break below the $0.19 threshold could trigger additional downside pressure.
Tron Absorbs Massive $1.4 Billion Sell Pressure
Tron experienced a significant on-chain sell-off with long-term holders taking $1.4 billion in profits over the past 24 hours. Despite this enormous selling pressure, TRX price remained surprisingly stable near $0.33.
Blockchain analytics reveal that most selling activity originated from wallets that held TRX for three to five years. This suggests veteran investors are capitalizing on gains while newer market participants continue to show confidence in the network.
The market’s ability to absorb such substantial selling indicates strong underlying demand, though continued monitoring remains essential to confirm price stabilization.
Cold Wallet Presale Offers Immediate Returns
Cold Wallet (CWT) stands out in the current market environment with its Stage 17 presale pricing at $0.00998. The project targets a $0.3517 launch price, representing a potential 3,423% return for early participants.
The presale has successfully raised $5.8 million and distributed over 691 million tokens. What sets Cold Wallet apart is its dual-income system offering referral bonuses and instant USDT cashback before token listing.
The incentive structure provides 10% extra CWT for referrers and 5% additional tokens for newcomers, creating sustained growth momentum that differentiates it from traditional market-dependent cryptocurrencies like Dogecoin and Tron.
