Dogecoin

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.

Dogecoin (DOGE) extends its decline, trading below $0.077 on Monday and all key Exponential Moving Averages (EMAs), as bearish momentum continues to weigh on its price.

Dogecoin (DOGE) Labs launched Wednesday in partnership with the Dogecoin Foundation, bringing together several product teams and technologies to expand the use of the memecoin (DOGE) across payments, decentralized finance (DeFi) and consumer applications.

Top altcoins, including Ripple (XRP), Cardano (ADA), and Dogecoin (DOGE), are trading in the red on Thursday, extending losses amid elevated US inflation concerns. The technical outlook for the altcoin indicates a downside bias as selling pressure mounts.