DOGE Shows Signs of Revival Amid Price Dip as Buyers Return

Dogecoin (DOGE) has experienced a 4.24% decline over the past week, struggling to maintain upward momentum since its peak at $0.43 three months ago. Currently trading at $0.1726 within a descending channel, the memecoin has shown short-term gains, climbing from $0.16 to $0.17466 on daily charts. market activity indicates a potential reversal, with options volume surging 34% and buyers returning despite the recent price dip. This resurgence in interest could signal a bullish turnaround for DOGE in the near future.

Dogecoin Buyers Return Amid Price Decline, Signaling Potential Reversal

Dogecoin’s price has dipped 4.24% over the past week, continuing its struggle to maintain upward momentum since peaking at $0.43 three months ago. The memecoin now trades within a descending channel, currently hovering at $0.1726.

Despite the weekly decline, short-term gains have emerged with Doge climbing from $0.16 to $0.17466 on daily charts. Market activity shows signs of revival—options volume surged 34% while trading volume increased 23.29%, suggesting renewed interest from buyers who had been absent during the downturn.

The Doge community remains cautious as the token stays 0.87% down in 24-hour trading. Buyer inactivity remains the primary pressure point, though their recent reappearance could foreshadow a trend reversal if sustained.

Dogecoin Price Dips Amid Increased Trading Volume

Dogecoin (DOGE) fell 3.14% to $0.1682 as 24-hour trading volume ROSE 6.13% to $704 million, signaling potential profit-taking before the next market move. The meme coin remains up 6.28% weekly with a $25.1 billion market cap.

XDC Network and Monero led gainers while Raydium and Ethena topped losers in a mixed session for altcoins. The volume-price divergence suggests traders are repositioning as Dogecoin consolidates near key psychological levels.

DogeOS Raises $6.9M to Transform Dogecoin into a Full-Fledged App Ecosystem

DogeOS, a newly introduced application layer for the Dogecoin blockchain, has secured $6.9 million in funding. The round was led by Polychain Capital, with participation from Flow Traders, both known for their investments in crypto and blockchain ventures. The capital will fuel the expansion of DogeOS, focusing on application development, developer tooling, and ecosystem partnerships.

The team behind DogeOS previously created MyDoge, a Dogecoin wallet boasting over 500,000 users. The platform aims to enable developers to build applications across AI, gaming, and decentralized finance (DeFi), broadening Dogecoin’s utility beyond peer-to-peer transactions. This infrastructure could significantly enhance Dogecoin’s on-chain functionality.