BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Dogecoin Drifts Sideways as Meme Market Stumbles — Can the Bulls Kick Back In?

by Drop Gorn
May 4, 2025
in CRYPTO, DOGECOIN, FINANCE, MEMECOINS, OPINION
Reading Time: 3 mins read
A A
3
SHARES
50
VIEWS
Share on XShare in TelegramShare on Reddit
  • Memecoin market dips: Dogecoin is down ~2%, trading at $0.179 and still nearly 76% below its all-time high. Market volume and dominance are also slipping.
  • Bearish signals: Technical indicators like the SMA suggest rising sell pressure, while MACD shows a neutral but volatile setup ahead.
  • Next moves? If bulls return, DOGE could target $0.20–$0.243. But if bearish momentum holds, it might fall toward $0.164 or even $0.129.

The memecoin space… yeah, it’s not having its best day. Right now, the whole sector’s sitting at a market cap of about $55.36 billion — that’s after shedding nearly 2% in the last 24 hours. And trading volume? That’s down too, roughly 13.3%, clocking in around $4.83 billion.

Dogecoin, the OG of memecoins, isn’t immune to the slump either. It’s down 1.53% overnight, mirroring the broader downturn.

DOGE Still Way Off Its ATH

Dogecoin’s still a long, long way from its peak. It’s trading at a hefty 76% discount from its all-time high of $0.7376. Ouch. That’s got investors scratching their heads—wondering if there’s still hope for a short-term turnaround or if this is just the new normal (for now).

Dogecoin Doge Price Technical Analysis

Flatlined Price Action, Slipping Volume

Over the last day, DOGE has basically moved sideways, slipping close to 2%. Its daily trading volume’s taken a dive too—down over 41%, landing at $612.5 million. With a market cap of $26.44 billion, Dogecoin’s dominance has dipped below the 0.9% mark.

Not the prettiest chart out there.

From a technical standpoint, things are kinda shaky. The Simple Moving Average (SMA) suggests selling pressure is heating up. Meanwhile, the MACD (that’s the Moving Average Convergence Divergence) isn’t screaming anything conclusive—just sort of neutral right now. But the 12 and 26-day averages are inching upward, which means we could be in for some volatility soon. Buckle up?

Can Dogecoin Reignite Some Fire?

If the bulls decide to actually show up, Dogecoin could claw its way back to retest that $0.20 resistance level. And if sentiment improves—let’s say we get a market-wide bounce—then maybe, just maybe, it could aim for that $0.243 mark before the month’s out.

But… here’s the other side of it. If bears keep the upper hand, DOGE might slide down to $0.1645. And if things really fall apart, we could be looking at a drop to around $0.12975. That’s a level that hasn’t been tested in a while, but it’s definitely on the radar if momentum fades.

Tags: $DOGEBlockchaincryptoDogecoinMemecoin
Tweet1ShareShare
Previous Post

Solana Bullish Chart Pattern Sparks $900 Price Prediction: Here are the Levels You Need to Watch

Next Post

SUI Slips Below $3.20 – Bulls on the Ropes as Key Support Gets Tested

DON'T MISS THESE! HOT OFF THE PRESS

Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules
CRYPTO

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit
FINANCE

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out
FINANCE

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Deutsche Bank Eyes 2026 Launch for Bitcoin and Ethereum Custody
FINANCE

Deutsche Bank Eyes 2026 Launch for Bitcoin and Ethereum Custody

July 1, 2025
Load More

Related News

Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.