Dogen priceDOGE

China’s commerce minister, Wang Wentao, has called on the United States to cooperate in ongoing trade negotiations, urging both sides to resolve their differences over the Trump tariffs. His appeal comes amid growing trade tensions between the world’s two largest economies, a situation that has rippled through global markets — including crypto — triggering a wave of bearish sentiment. According to reports, Wang emphasized the need for dialogue and consultation “on an equal footing,” stressing that both nations should create stable conditions that allow their businesses to thrive. He expressed hope that Washington would work with Beijing to restore confidence and predictability for companies operating across both markets. These comments follow renewed strain between the two countries after U.S. President Donald Trump announced a 100% tariff on Chinese goods, set to take effect on November 11. When questioned about the prospect of an extended trade war if a deal isn’t reached, Trump remarked that the U.S. was already “in one,” signaling little intention to ease the pressure anytime soon. Wang, however, placed the blame squarely on U.S. actions, stating that Washington’s measures are the main cause of the recent volatility in China–U.S. economic relations. Meanwhile, U.S. officials have also accused China of destabilizing global trade, with Treasury Secretary Scott Bessent recently alleging that Beijing’s export controls are designed to harm the world economy. The escalating dispute has had a direct impact on the crypto market, which is currently seeing a sharp downturn. Data from TradingView shows that the total market capitalization has fallen over 2% in the last 24 hours, dropping to around $3.63 trillion. Bitcoin has led the decline, slipping below $108,000 after briefly touching $111,000 earlier in the day. Major altcoins — including Ethereum, Solana, XRP, and Dogecoin — have also registered notable losses. Just last week, $BTC fell as low as $104,000 following the initial tariff announcement before rebounding to $116,000 earlier this week. The latest slump, however, reflects mounting investor anxiety as markets await further developments. Adding to the uncertainty, President Trump is expected to make a statement later today that could address the trade standoff. Traders are on edge, fearing that fresh tariffs or retaliatory measures could deepen the economic rift — and potentially trigger another major sell-off. Speculation has also been stirred by reports that the so-called “Trump Insider Whale,” who reportedly profited around $200 million shorting Bitcoin and Ethereum ahead of last week’s tariff news, has once again taken large short positions. This move has amplified concerns that another sharp correction may be looming for the crypto market.

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Dogecoin Price Forecast: $DOGE could recover if the weekly support holds. Dogecoin price broke below the ascending trendline on October 10 and declined more than 25% the next day. However, @Doge Coin found support around the weekly level at $0.18 on Sunday and recovered 15% by the next day. This recovery trend failed to be sustained as $DOGE declined more than 7% until Wednesday. At the time of writing on Thursday, it hovers at around $0.19. If the weekly support at $0.18 continues to hold, DOGE could extend the recovery toward the 50-day EMA at $0.23. The Relative Strength Index (RSI) on the daily chart reads 38 below the neutral level of 50, indicating bearish momentum. For the recovery rally to be sustained, the RSI must move above the neutral level.  However, if DOGE faces a correction and closes below the weekly support at $0.18, it could extend the decline toward the next daily support at $0.15. #DOGE

RT @TATrader_Alan: $Doge/weekly #Dogecoin is now on the wrong path, similar to before its massive surge 🔥