Dogecoin Roars Back: Memecoin Momentum Returns as Selling Pressure Fades and New Catalysts Ignite

Dogecoin shakes off the bears—trading volume surges as the original memecoin finds its footing again.

The Selling Tide Recedes

Whale wallets are holding, not dumping. Exchange outflows suggest accumulation, not distribution. The pressure that dragged DOGE down for months is finally letting up.

Fresh Fuel for the Rocket

New utility integrations are popping up—payment gateways, social media tips, even whispers of a major exchange expanding its DOGE-based offerings. It’s not just Elon’s tweets anymore; real-world use cases are building momentum.

The Meme is the Message

Retail sentiment is flipping. Social volume and search interest are spiking, proving the dog still has bite. In a market obsessed with ‘fundamentals,’ sometimes the strongest fundamental is a community that refuses to quit.

So, while traditional finance pundits scoff at a coin born from a joke, Dogecoin’s resilience is a stark reminder: in crypto, narrative often trumps spreadsheets. The dog is back on the hunt.

Selling Pressure Eases as Dogecoin Price Finds Support

Dogecoin’s recent stabilization follows a prolonged selloff from October highs, which pushed the price toward the $0.13 zone. That decline flushed out Leveraged positions and cooled speculative activity.

In recent sessions, however, DOGE has reclaimed short-term support NEAR $0.14 and briefly touched $0.147, signaling a slowdown in aggressive downside momentum.

On the daily chart, the price remains below key long-term moving averages, indicating a cautious broader trend. Still, DOGE has moved back above its 20-day and 50-day averages, levels many short-term traders watch for early signs of trend shifts.

Momentum indicators also point to stabilization. The RSI has climbed from oversold territory into neutral levels, suggesting buyers are returning without pushing the market into overheated conditions. While spot outflows continue, derivatives data show rising open interest, indicating traders are positioning for near-term volatility.

Speculative Interest Returns to Meme Coins

The recent rally is not limited to Dogecoin. Other meme tokens, including Pepe, have also posted sharp gains, reflecting a broader return of speculative appetite. CoinGecko’s GMCI Meme Index has climbed in tandem with rising trading volumes, suggesting the MOVE is driven by active participation rather than thin liquidity.

Investors note that meme coins often outperform when Bitcoin trades within a range, and traders seek faster-moving opportunities. DOGE’s breakout above a weeks-long descending trendline has shifted short-term bias in favor of buyers.

Holding above the $0.138–$0.140 area maintains the rebound, with $0.15 serving as the next key level of resistance. A sustained move above $0.15–$0.155 could open the door to a test of the declining 50-day average near $0.16. Failure to hold current levels, however, WOULD likely send the price back toward the $0.13 base.

Beyond technical factors, potential ecosystem developments are adding to Dogecoin’s visibility.

Discussions around expanding DOGE-related initiatives in Japan, focused on real-world asset tokenization and regulated Web3 applications, highlight growing interest in compliant blockchain use cases within a tightly regulated market.

Related Reading: Ripple Calls XRPL Permissioned Domains A ‘Gamechanger’ As Go-Live Nears

In the U.S., a proposed spot dogecoin ETF from 21Shares is also drawing attention. If launched, the product would track DOGE’s spot price without leverage or derivatives, giving traditional investors a regulated way to gain exposure. While ETF inflows are not guaranteed, the listing itself could increase market participation and liquidity.

Cover image from ChatGPT, DOGEUSD chart from Tradingview