What To Know:
- Dogecoin plunges 8% in 24 hours and over 32% this month, nearing a critical two-year support zone that could determine its short-term trend.
- The broader crypto market is in decline, with Bitcoin, Ethereum, and major altcoins like XRP and Solana seeing double-digit losses.
- Despite recent merger news with Brag House Holdings paving the way for a Nasdaq listing, Dogecoin’s outlook remains fragile amid global economic uncertainty and tightening liquidity.
Dogecoin (DOGE) is struggling to stay afloat as market pressure continues to haunt investors. The memecoin is trading around $0.181, down 8.1% in the past 24 hours and over 32% in the past month. Analysts warn that Dogecoin is approaching a critical support zone, one that has remained firm for two years. If this level breaks, the fall could be steeper. It can potentially signal more turbulence for the entire crypto market as Q4 unfolds.
Dogecoin Struggles; Slashes 8% in Past 24 hours
This decline is not just a DOGE story. The entire crypto market is bleeding red this week. Bitcoin is down 12.6%, and Ethereum has slipped 13.6% over the last seven days. Major altcoins like XRP and Solana (SOL) are also under pressure, and they have lost around 19% and 18.5%, respectively.
But Dogecoin’s drop has hit more than other cryptos. DOGE has dropped by 27.5% in just a week, which has outpaced losses across other sectors. Usually, in times of market uncertainty, memecoins are usually the first to fall, and often the hardest. Investors tend to exit volatile positions quickly, seeking stability in larger, more liquid assets.
Macro Pressure and Its Impact on Dogecoin
The broader financial backdrop isn’t helping either. The world economy is facing one of its most unpredictable stretches in years. The escalating US-China trade tensions have caught markets off guard. Meanwhile, a US govt shutdown has added to the air of uncertainty. Key economic indicators, like the Producer Price Index (PPI), have been delayed, leaving investors in the dark about inflation trends.
In contrast, gold has become the shining star of 2025’s market story. The precious metal hit new all-time highs again today, its seventh consecutive week of record-breaking performance. Clearly, investors are moving toward safe havens, waiting for the global situation to stabilize.
This shift toward “hard assets” is draining liquidity from risk-on markets like crypto. When traders seek safety, assets like Dogecoin, seen as highly speculative, are the first to lose inflows. The result: thinning liquidity, weaker sentiment, and sharper volatility.
The real test for Dogecoin began on October 10, when the token experienced a near 40% intraday crash. It sliced through several key support zones, even breaching its two-year uptrend line. Although bulls managed to recover some ground that same day, the rebound lacked conviction. A week later, the memecoin finds itself once again flirting with the same critical zone, and this time, the margin for error is razor-thin.
Since September 2023, Dogecoin bulls have defended this area multiple times, even as prices briefly dipped below it. But momentum is weakening. The Relative Strength Index (RSI) on the daily chart shows DOGE hovering near “oversold” territory. That suggests a potential short-term bounce, but it also leaves room for one more leg down before stabilization.
Market analysts believe that if Dogecoin fails to hold this support, it risks sliding into a confirmed bear market. Breaking below that long-term trendline could trigger a deeper correction, especially as macroeconomic conditions tighten.
At this stage, market dynamics appear driven more by global sentiment than technical setups. A worsening trade war, prolonged US fiscal uncertainty, or further liquidity drains could weigh heavily on speculative markets.
The popular memecoin recently made headlines after House of Doge, the commercial branch of the Dogecoin Foundation, announced a significant merger with Brag House Holdings (TBH), a move that paved the way for a Nasdaq listing.
The reverse takeover, which received unanimous approval from both companies’ boards, is set to be finalized in early 2026. This merger was expected to be a major step forward for Dogecoin. It could have played as a catalyst for providing direct entry into regulated market channels and expanding its institutional credibility. However, amid the recent market crash, the safety nets for Dogecoin seem thinner at the moment.
Also Read: Analysts Predict a Pump: Dogecoin’s Third Cycle is Here!
