- 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).
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.
