Dogecoin

Dogecoin (DOGE) trades lower around $0.0650 on Thursday, as bears tighten their grip. The path of least resistance remains downward not only for the largest meme coin by market capitalization but also for crypto majors Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP).

Meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), continue to attract sellers as the broader cryptocurrency market maintains a risk-off sentiment.

Dogecoin (DOGE) recovers mildly, trading around $0.068 on Wednesday after hitting a new yearly low the previous day. Santiment data shows whale wallets offloading DOGE holdings, fueling near-term selling pressure.

Dogecoin (DOGE) shows signs of recovery, hovering above $0.0770 on Thursday after two consecutive days of gains. The meme coin gains traction despite muted appeal from institutional investors and declining Open Interest.

Dogecoin (DOGE) price hovers around $0.0756 at press time on Friday, stalling further downside move after losing over 5% the previous day.

Dogecoin (DOGE) trades sideways on Tuesday between the $0.0750 support and $0.0800 supply. The meme coin outlook aligns with persistent neutral-to-bearish sentiment, accentuated by macro concerns ahead of Wednesday's Federal Reserve (Fed) interest rate decision.