Dogecoin

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.

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.