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Why Dogecoin Price Falls Today? Thumzup Explores DOGE For Payments
Why Dogecoin Price Falls Today? Thumzup Explores DOGE For Payments
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2025/10/17 06:44 閱讀: 481
原文作者:Thecoinrepublic.com
原文來源:https://coinmarketcap.com/community/articles/68f16e5c7ae76c03cdac258e

{"9ddf10f76894cca924cb02197bb0612d":"Dogecoin (DOGE) news saw some action earlier today, following a press release from Thumzup Media Corporation, stating it was exploring and developing Dogecoin integration for creator payouts.","a5ca1d822bd0dd3dd56e1b2598d87f67":"However, DOGE price declined at the time of writing, falling roughly 3% over 24 hours and about 21% during the week.","47a01c9fae9aa310fe6b56f938899898":"Despite early excitement, the statement fell short of confirming a live launch, and traders reacted with caution.","9f2ea36a04c152795891799480cf3919":"Why Dogecoin (DOGE) Price Declined After Thumzup Announcement","9ac6d7ba4bd87dcbddec570c3e5ad58c":"On October 15, in Dogecoin news, Thumzup Media announced its intent to explore how DOGE could be used as an alternate payout rail in its social advertising app.","f57be4997718419585042237a38a5408":"The firm said the initiative aimed to reduce cross-border transaction friction and expand its crypto-native user base.","50d9f7ce3d5feacd3989be90f3a8753e":"Chief Executive Robert Steele said the company intended to build a \u201cscalable, low-friction rewards engine\u201d that could help creators retain more value.","65d06617f227def01c8d2c3631d0293b":"By routing payments through the blockchain, Thumzup sought to remove intermediaries that reduced micro-rewards.","2a5e4c80511d829146f53ecf41ac62cc":"According to the company, Dogecoin\u2019s design made it well-suited for frequent, low-value transactions.","3d0d1e40bba54a093b9263d0eedfb6f1":"Its near-instant settlement time and minimal network fees could significantly improve user experience, especially for creators working outside the United States.","c0a57c46eabaa861cb87b9a1f8042137":"Thumzup said the use of DOGE would not replace fiat but would function as an alternative payout method.","7e7c4ffeb7af1e7f658a8407551670b3":"This approach aimed to give creators flexibility while supporting the company\u2019s growing user base that preferred crypto-based earnings.","4f566b2c02f207b1f034c8e8776d88cb":"Thumzup, a Nasdaq-listed company, had previously gained attention after investing $2.5 Million in DogeHash Technologies to expand its exposure to DOGE mining.","5bc035ce9a7a2d65dbcb1dc58980ab2b":"Yet, its latest update was seen as preliminary, triggering profit-taking among traders who had positioned for immediate implementation.","818252991f1f5f3bf6909a9deb91f51b":"At press time, the DOGE price traded near $0.20, about 26% lower for the month and roughly 73% below its all-time high of $0.74.","517977347e4bf3bc33de42b8c9f8dfc5":" Thumzup explores Dogecoin payouts. | Source: Thumzup, X","8eeec25f06c82da4d674c6e53de1ad7d":"Market-Wide Weakness Intensified the Dogecoin (DOGE) Price Slide","fd2cc8244da120ec31fd89a370450aa4":"Broader market conditions also played a role in the decline. Major tokens such as BTC and ETH also weakened during the week amid declining liquidity and risk aversion.","03d2f7e1e9639ff8e80f188baf203aef":"As often observed in Dogecoin news, meme coins like DOGE price tend to suffer sharper corrections during such phases, as traders rotate funds toward larger-cap assets.","234ad8afa0e573e6b56a910ced036732":"Speculation around Elon Musk\u2019s comments had previously fueled a rally toward $0.25 to $0.30, but profit-taking soon followed when momentum stalled.","4df6dcfeb0adc9aca2a77829eaa7a42b":"Analysts said the lack of clear follow-through from new corporate catalysts like Thumzup compounded the weakness.","583ede566796b38419f57fd7f203a0da":"Market observers also pointed to reduced inflows into meme assets and thinner liquidity conditions as contributing factors.","5213adfea3177cb29a10f29a9acd5966":"Technical Outlook: $0.19 Remains A Key Dogecoin Price Level","2901a825a87085e676c0eec33c81be20":"From a technical perspective, traders focused on the $0.19 level as a critical support zone.","e1f5a3010ddada87c9eb668efd05d9db":"Prominent market analyst Ali Martinez said that \u201c$0.19 is mission-critical for DOGE,\u201d adding that maintaining this level could open the path to $0.33 in the coming weeks.","f427f8b630695fa1279f4d91a6f0e283":"The accompanying chart shared by Martinez showed DOGE trading within a parallel ascending channel.","c0edf09e535473e5029d0ab51b09a007":"His analysis suggested that holding the lower boundary near $0.19 could trigger a recovery toward mid-range resistance around $0.25 and eventually $0.33 if momentum improved.","2a608bb8468b2c520cd983513708ffcc":"However, failure to hold $0.19 could invalidate that setup and expose DOGE to deeper losses near $0.17.","c67132cd55b9679a997ffc9e6103def2":"Other traders identified resistance between $0.22 and $0.24, highlighting the need for stronger buying volume to confirm a reversal.","a378aef8ddf05b8bf75c96251b5beefa":"At the time of writing, the Relative Strength Index (RSI) for DOGE hovered near 45, reflecting neutral-to-bearish momentum.","107c7c5f8950dd7019d264bb7ef6a7ca":"RSI gauges the balance between buying and selling pressure; values below 50 typically indicate weakening sentiment.","d3e331e7bbeadb9f7bcecf5f789a5bb6":"Technical analysts said the next 48\u201372 hours could determine whether DOGE stabilizes within its channel or extends its decline below key support.","f7530f62fb5d80b0edde789cb423c14d":" $0.19 as a support zone for DOGE | Source: Ali, X","29c669bd72225387e1a9c589a19f49ac":"What Could Shape Dogecoin\u2019s Next Move","6853da6fbc94c7289af665dee874476e":"Looking ahead, the path for DOGE depends on two major variables: concrete updates from Thumzup and broader risk sentiment across crypto markets.","fb74b3f39c94e27c292fafdbeb2e5fef":"Confirmation of an operational Dogecoin payout system could restore confidence, but delays may keep traders defensive.","6b92aa30f3928f0fc0536a5012d67e56":"Macro conditions, including the Federal Reserve\u2019s next policy decision and capital-rotation patterns in risk assets, could also influence short-term direction.","c777b736178f52d777bbd5d0e6791788":"For now, the Dogecoin price remained under pressure. Analysts said maintaining the $0.19 threshold was crucial to prevent further technical damage and preserve the potential for a rebound toward the $0.25\u2013$0.30 range.","ab7c7a2d3d79bc9abb6cb9f693ca86b9":"As of press time, DOGE traded around $0.20, consolidating near short-term support while awaiting stronger catalysts.","d85bda9e93ffe3516f3658cc8fec200e":"The post Why Dogecoin Price Falls Today? Thumzup Explores DOGE For Payments appeared first on The Coin Republic."}
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