DOGE News: Dogecoin Faces Selling Pressure Amid Market Decline, Price Consolidation Observed

Dogecoin Price Prediction: Is 50% Rebound Imminent?

Dogecoin, the world’s largest memecoin, is facing significant selling pressure amidst a general market decline. The price chart indicates that Dogecoin is in a consolidation phase following a sharp decline on Monday and early Tuesday. On Monday, DOGE slipped below the daily Simple Moving Average (SMA) 200 at $0.24 for the first time since October 2024. The drawdown continued, with prices hitting lows of $0.195, resulting in a loss of over 15% in value over two days. However, the price has since recovered slightly to $0.2071, according to market data. Investor activity remains low, evidenced by a 50% decrease in daily trading volume. Dogecoin had previously formed strong support at $0.24.

Dogecoin Expert Prediction: DOGE’s Bull Run At Risk, While WallitIQ (WLTQ) Could Trigger 2025 Market Shake-Up

Market analysts closely watch Dogecoin (DOGE) as mixed predictions emerge about its bull run. Some experts anticipate another rally, while others warn that shifting investor sentiment and rising competition could put its rally at risk. Meanwhile, WallitIQ (WLTQ) is gaining momentum with its AI-driven technology and high staking rewards, potentially shaking up the 2025 market.

DOGE Falls 10% Despite SEC’s Meme Coins Stance

The Securities and Exchange Commission (SEC) formally admitted yesterday that meme coins do not fall under its purview as they cannot be categorised as securities. Despite this, DOGE, a popular meme coin, dropped by over 10 per cent in the past 24 hours, following the broader industry trend. SEC Commissioner Hester Peirce earlier commented that meme coins have ’limited or no use’ and now the agency has formalised its stance.