Dogecoin (DOGE) and Avalanche (AVAX) experienced significant declines, each dropping over 4% on October 16, 2025. This downturn in the crypto market contrasts with the S&P 500, which rose by 0.40%, indicating a divergence between cryptocurrency and traditional equity markets. DOGE's relative strength index (RSI) is near 36.65, suggesting weak momentum, while AVAX saw a 40% drop in trading volume, reflecting ongoing selling pressure.
Despite the price drop, Avalanche maintains strong liquidity, evidenced by an 8.01% volume-to-market cap ratio. Meanwhile, the S&P 500's late-session rebound points to renewed confidence in the equity markets, further highlighting the current disparity between these financial sectors.
Dogecoin and Avalanche Decline Over 4% Amid S&P 500 Gains
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