DOGE struggles at $0.12 after 60% YTD decline as Trump-related memecoins steal market share from the original meme coin.
What's Happening:
$DOGE trading at $0.12 after soaring to $0.40 in early 2025 and declining 60% YTD
New Trump-related memecoins emerging, diverting attention from established meme tokens
Derivatives participation declining as retail interest wanes
GigaWallet and RadioDoge upgrades aim to boost payment utility
Why It Matters:
Dogecoin's 60% decline highlights the brutal rotation within the meme coin sector. While newer, more speculative tokens capture headlines, DOGE's long-term utility improvements through GigaWallet could position it for sustainable adoption. However, the unlimited supply model continues to require significant demand to prevent price dilution.
Technical View:
$0.12 testing key support after breaking long-term levels. Technicals show distressed price action trading below major moving averages. With Fear & Greed at 30 (Fear), meme coin sentiment remains subdued. A break below $0.11 could accelerate selling; recovery above $0.15 needed for bullish confirmation.
🎯 Key Levels:
Support: $0.11 | Resistance: $0.15
24h Range: $0.118 - $0.122
💡 "In meme coin winter, only the coins with real community and utility survive."
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Dogecoin #DOGE #MemeCoin #CryptoMarket #DYOR
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
