Dogecoin (DOGE) Loses Its Bite as Meme Coin Hype Fizzles

Once the darling of crypto’s meme economy, Dogecoin is now limping behind—proof that even internet jokes can’t defy gravity forever. Retail traders are fleeing, leaving DOGE clinging to relevance like a faded viral trend.

Where’s the momentum? The coin’s 2021 hype cycle—supercharged by Elon Musk tweets and Reddit armies—has stalled. Trading volumes are down 60% from last quarter, and the ’to the moon’ chants sound more like whispers.

Reality check: Without fresh speculation or utility upgrades, DOGE risks becoming another cautionary tale in crypto’s casino. Meanwhile, Wall Street still won’t touch it—unless you count hedge funds secretly trading it for lolz.

Dogecoin Price Faces Rejection

Dogecoin price started a fresh increase after it found support near $0.2110, like Bitcoin and Ethereum. DOGE climbed and recovered above the $0.220 resistance zone.

The bulls even pushed the price above the $0.2320 resistance zone. However, the bears were active NEAR the $0.2380 level. A high was formed at $0.2378 and the price reacted lower. There was a move below the 50% Fib retracement level of the upward move from the $0.2109 swing low to the $0.2370 high.

Dogecoin price is now trading just below the $0.2250 level and the 100-hourly simple moving average. However, there is a connecting bullish trend line forming with support at $0.220 on the hourly chart of the DOGE/USD pair.

DOGE

Immediate resistance on the upside is near the $0.2250 level. The first major resistance for the bulls could be near the $0.2320 level. The next major resistance is near the $0.2380 level. A close above the $0.2380 resistance might send the price toward the $0.250 resistance. Any more gains might send the price toward the $0.2720 level. The next major stop for the bulls might be $0.2850.

More Losses In DOGE?

If DOGE’s price fails to climb above the $0.2320 level, it could start another decline. Initial support on the downside is near the $0.220 level. The next major support is near the $0.2170 level and the 76.4% Fib retracement level of the upward MOVE from the $0.2109 swing low to the $0.2370 high.

The main support sits at $0.2120. If there is a downside break below the $0.2120 support, the price could decline further. In the stated case, the price might decline toward the $0.20 level or even $0.1880 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level.

Major Support Levels – $0.220 and $0.2120.

Major Resistance Levels – $0.2320 and $0.2380.