crptoworld

Dogecoin (DOGE) has declined 5.64% in the last 24 hours to around ₹12.56 ($0.139 USD) as of December 6, 2025, with a weekly drop of 6.47% and monthly fall of 15.44%, reflecting broader crypto market weakness.
Technical Breakdown
Bearish indicators dominate, including a descending 50-period moving average capping rebounds and a double-top pattern near $0.183 signaling seller exhaustion. RSI hovers near 42 without bullish divergence, while EMAs trend downward above price, increasing breakdown risks below $0.14 toward $0.13 or $0.10.
Whale and Sell Pressure
Whales have reduced holdings amid long-heavy leverage, with an 11.72 billion DOGE sell wall at $0.20 threatening reversals and 67% yearly losses amplifying risk-off flows. Declining volume by 49% in meme coins and liquidity crisis exacerbate the slide.
Meme Coin Sector Weakness
DOGE mirrors a meme sector bleed below $46 billion market cap, with peers down double-digits as capital rotates to utility-focused assets like privacy coins now at $68 billion. Macro factors, including consumer spending slowdowns from earnings like Chipotle, fuel broader sell-offs.
Macro and Sentiment Drag
Bitcoin’s struggle below $96,000 and Q4 profit-taking hinder recovery, with forecasts eyeing $0.139 minimum for December amid persistent sellers. Despite ETF buzz, technicals and outflows prioritize downside.