CandleFocus Why is Dogecoin (DOGE) Down Today? Memecoin Faces Tough Conditions as Market Struggles
2025-01-08
Author: Content Editor
The price of Dogecoin has dropped nearly 10% in a day, reaching a low of $0.3411, following a broader bear market in the cryptocurrency market. This decline is attributed to macroeconomic concerns and bearish technical patterns. The trigger of the sell-off could be strong US economic data, which has led to investor expectations of no Federal Reserve rate cuts before mid-2025. The high US Treasury yield and market-wide sell-off in risk assets have further discouraged risk-taking behavior. At the time of publication, Dogecoin is trading at $0.3466, representing a price drop of 5% and 9% in the past day and week, respectively. Dogecoin's marketcap has also dropped 5% to around $51 billion. The current price action of Dogecoin aligns with a downward momentum and a classic bull flag pattern. Despite the bearish outlook, there is potential for a strong rebound if the price rises above $0.3937. However, macroeconomic challenges and liquidation pressures continue to cloud the immediate outlook for Dogecoin and other cryptocurrencies.
Related News
Fake OKX plugins found on the Firefox browser store Fidelity believes Bitcoin is at the precipice of mass adoption, says investors are not 'too late' XRP Price May Lose $2 Support This Week, But Here’s a Catch AMD shares went down 5% on analysts’ lower ratings Who will president Trump pick to replace outgoing CFTC chair Benham? REI Network Reshapes AI and Web3 in Partnership with AlxBlock Cardano (ADA) Sell-Off Imminent? Whales Sell 70 Million Tokens 70 Million DOGE Make Their Way To Binance Amid 10% Dogecoin Price Crash Judge pushes Mango Markets exploiter sentencing to April 10 Judge sends Howey question to higher court in Coinbase case Bitcoin traders set $80K short-term price target as DXY hits new highs Yields up, rates down Anatoly Yakovenko Reveals How Solana Achieved Open Source Status At Launch Bitcoin Price Today: Inflation Fears, Trump Tariff Concerns Drive Price Below $93k XRP Price Prediction for December 9 Bitcoin Eyes Potential Rebound To $98,600, But Analyst Suggests Caution PEPE In Jeopardy? Bearish Momentum Drives Price Toward $0.00001731 The Lightning Network Privacy Big Picture: Don't Forget the NSA HBAR Nears Breakout as Symmetrical Triangle Signals Big Market Move Whale Trader Earns Massive Profits in Crypto Markets Don't Buy The Bitcoin Dip Elixir unlocks DeFi for Hamilton Lane’s SCOPE Fund via deUSD Crypto-friendly Custodia Bank achieves SOC 2 Type II compliance certification LINK Reaction Remains Muted Despite Ripple’s Chainlink Integration Two Whales Spend $2.21 Million on SONIC Following Binance Token Listing DePIN Union x IoTeX Collaboration: Redefining the Future of Decentralized Infrastructure BREAKING: FED’s Highly Anticipated Critical Meeting Minutes Released – Here’s All You Need to Know Bitcoin (BTC) Price Slips Below $100,000 With Death Cross Looming What Do Bitcoin Funding Rates Tell Us? Analytics Company Reveals Critical Level Where BTC Price Should Not Fall Bitcoin Slips Below $93K in Crypto Selloff, but Trader Sees Short-Term Bounce VeChain Price Eyes 372% Surge as Market Recovers, $0.25315 Next? Buying Greenland Would Be A Huge Boost to US Bitcoin Mining Justin Sun elected prime minister of Liberland for a second time Decentralization is in danger — We can fix it Will Sui Price Recover Above $5 After Hitting ATH This Week? XRP Market Update: Short Sellers Capitalize on Bearish Trends Below $2.30 PEPE Price Prediction for January 9, Whale Sells 427 Billion Coins US court schedules Do Kwon's jury trial for January 2026 Rising USDT Dominance Marks Bitcoin & Altcoin Buy Opportunity: Crypto Rover Outgoing SEC Chair Gensler defends crypto stance less than two weeks before leaving agency Bitcoin price dip to $92.5K caused by Fed interest rate concerns: Analyst 2 decentralized exchanges for 2025 as DEX/CEX volume ratio reaches an all-time high Solana strengthens NFT market with peak trading for the second half of 2024 Bitcoin analyst predicts BTC top will hit this price as the bull cycle ends Bubblemaps Airdrop Launched for Active V2 Users Trump-inspired digital cards debut on Bitcoin via Ordinals Critical Rate Cut Remarks from Senior FED Member Waller Ahead of Hot FED Minutes Ripple USD (RLUSD) Gets Listed on Major European Exchange Mantle Expands Ecosystem with USDe and mETH Integrations on Compound What is a crypto mining farm? The ultimate guide Virtuals Protocol Discord server hacked, fake Google links posted Key PEPE Holders Avoid Selling Despite Major Price Drop Bitcoin Price Breaks Below $94K Amid Warnings About a Crash to $74K Whale’s $PEPE Transactions Signal Potential Price Impact How Will Donald Trump’s Tariff Plans Impact The Crypto Market? US Treasury Secretary Janet Yellen Speaks on the US Economy and Interest Rates WIF price falls, whale buys the dip, CEX reserves fall, risks remain Why Are Bitcoin and Altcoins Falling? Here Are All the Reasons in Depth! Dogecoin price falls, $15m liquidated: will it go back up? Using Mining To Create More Fully Validating Bitcoin Users H4ck: the AI White-Hat agent that revolutionizes cybersecurity ‘Very Dubious’ Speculation Suggests Bitcoin Could Follow Nasdaq ETF Rallies of 1999: Benjamin Cowen Coinbase CLO: FDIC was trying to cover up its actions aimed to debank crypto clients Hyperliquid TVL Reaches Year’s Low as HYPE Falls Toward $20 Bitcoin Exhausted: Funding Rates Look Pessimistic for Analysts U.S. CFTC Chief Benham's Last Words to Crypto: Protect the Investors How Long Will the Fall in Bitcoin Price Continue? What Levels Can Be Seen? Famous Analyst Gave Two Levels for Bitcoin! Bullish secures BaFin licenses, eyes EU expansion under MiCA Bitcoin Risks $90K Dip Amid Declining Funding Rates, Analysis Price analysis 1/8: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, AVAX, SUI, LINK Bitcoin price is still bullish despite recent weakness: legendary trader Pundit Says Dogecoin to Outperform Majors like Bitcoin, XRP Soon What’s Next for XRP After The Market-Wide Crash? Ripple Price Analysis Why is Dogecoin (DOGE) Down Today? Memecoin Faces Tough Conditions as Market Struggles FTX creditor raises concern about bankruptcy managers’ excessive spending Ethereum Price Analysis: Is ETH About to Plunge to $3K After Recent Rejection? Crypto.com Integrates LI.FI to Simplify Cross-Chain Swaps for Users 2.9 Billion Stellar (XLM) In 24 Hours, What's Happening? Crypto Wallet Provider Exodus Stock Now Officially Listed on NYSE Bitcoin Vaulted to Top Macroeconomic Indicator, McGlone Says Agora, Galaxy complete AUSD stablecoin’s first live transaction Bitcoin Technical Analysis: Bulls Face an Uphill Battle as Resistance Looms at $98,000 US prosecutors will search Do Kwon’s Twitter account for information Shiba Inu coin price could fall 50% as Shibarium fees, burn rate crash Dogecoin Price Consolidation Echoes 2017: A Bull Run in the Making? Aptos Hits Major Milestones, Tether and Aave Involved HashKey Redefines Blockchain Security and RWA Tokenization in Partnership with Asteroid VeChain CEO Sunny Lu Outlines a Path to Transparent Sustainability Cardano to Welcome Major Hard Fork in January: Details Why These Altcoins Are Trending Today — January 8 AI could be the ‘biggest bubble’ since dot-com POPCAT Price Slips Below $0.65, 50% Crash Imminent? XRP price prediction for Trump’s Inauguration Day Top crypto adopters in 2025: Institutions, retail, low-income countries Revolut becomes first banking data publisher to join the Pyth Network Stellar (XLM) Flips Shiba Inu in Market Rankings, What's Next? Betting on lab mice’s athleticism for scientific research coming to Solana-based prediction platform Peter Brandt Sounds Alarm on Bitcoin, Bulls Buckle Up Meme Coins Decimated Amid Crypto Massacre: BONK, FLOKI, AI16Z Hit Worst AI picks 2 altcoins to buy and add to your crypto portfolio in January XRP Stronger Than Everyone: 2.2 Million Transactions Peter Schiff Predicts MSTR, Bitcoin Crash Ahead: Details Sonic SVM launches multimillion-dollar fund for Web3 gaming, AI agents Crypto Prices Under Pressure From Global Rise in Yields 21 Million Bitcoin (BTC) Supply Announced by Satoshi Nakamoto 16 Years Ago Today Movement Labs close to finalizing $100 million Series B funding round: report Exchange Proposes XRP to Address $38T U.S. Debt ZenChain Partners with Carbon Browser to Expand Access to Crypto and Web3 Thailand pilots crypto payments for tourists in Phuket Crypto Whale Bets Big On WIF, POPCAT & These Solana Meme Coins Looking For A Rich Retirement? Top 5 Ethereum Tokens To Buy Now Is Solana Price Recovery Possible, or Is $150 Inevitable? The trend of DePin infrastructures: analysis of the crypto AIOZ Bitcoin could drop under $88k if it fails to hold $95k support: analyst Will Ethereum (ETH) Reach $12,000 in 2025? Analyst Shares Good and Bad Scenario! SoSoValue Launches the Investible Spot Index Protocol SSI Bitcoin Price Today: Will BTC Recover After 2025’s First Crash? Our audit blindspot: Web3’s future depends on rethinking security | Opinion Solana’s $225 Barrier Holds Strong as OI Peaks at $6.68B Dogecoin Founder Comments on Bitcoin Price Crash: Details HyperLiquid Responds to Scrutiny Over Lack of Decentralization, HYPE Slumps 15% Beyond Bitcoin Mining: Hut 8 Targets the Intersection of Energy and Technology, Says CEO Asher Genoot Are there quantum-resistant crypto tokens, and why do they matter in present markets? Shiba Inu Holders Cash Out $426 Million in Largest Selloff Since 2022 dogwifhat whale scoops up $13.34 mln WIF: Impact on price? Dutch police arrest law student behind multi-million euro crypto scheme Dogecoin (DOGE) Loses 12% in Matter of Hours: Not That Bad Ethereum Foundation Sells 100 ETH to Fund R&D: A Look at 2025’s First Ether Sale Shiba Inu Burn Rate Skyrockets 4,100% as 21,709,094 SHIB Vanish Latecomers to Bitcoin Bull Market Could Be Disappointed, According to Jason Pizzino – Here’s Why Starknet releases SN Stack for appchain development DOGE PEPE SHIB Price Action: DOGE’s Surge, PEPE Channel, SHIB Rally How Did Ethereum Price Lose 9% of Its Value in Just 24 Hours? stUSDT in 2024: Growth, advancements, and community engagement Senator Lummis: Wouldn’t It Be Fun if the US Buys Bitcoin and Scares China and Russia? Is Bitcoin's Latest Drop Actually a Harbinger of a Rally? Analysts Explain! SHIB Price Prediction for January 8 Arbitrum’s largest liquidity manager Orange Finance loses $840k in hacker attack Cardano Price Falls Under $1: Sellers Target $0.94 Solana Faces Uphill Battle to Regain Strength After Falling Below Key $200 Level MicroStrategy’s Trading Volume Rivals That of the Top 7 U.S. Tech Stocks Ethereum Crashes Below $3,500, Bears Eye $3,095 Support Tria Redefines Cross-Chain Web3 Experience in Partnership with Agglayer Ethereum Classic Poised for a Bullish Breakout, Set New ATH 20.7 Million RLUSD In 24 Hours As Ripple President Makes Crucial RLUSD Statement Bitcoin Dips Below $96K Amid HMPV Virus Threat: Is a Drop to $90K Imminent? DOGE Price Prediction for January 8 XRP Sees Unusual 111% Volume Boost Amid Slipping Prices XRP ‘Half-Mast Flag’ Pattern Points To $500 Billion Market Cap If Bullish Trend Completes UNI Faces Critical $13.20 Support: Can It Spark a Potential Rebound? The link between crypto and Marxism: a contemporary analysis Top Media Personality Predicts XRP Price for 2025 Bitcoin’s outlook faces headwinds amid stronger dollar: Matrixport Fartcoin Price Prediction: How High Can Fartcoin Go? Here’s How Low XRP Can Go: Analyst Shares Next Support After Fake Out What caused yesterday's crypto crash? Ethereum (ETH) Bears Take Control as Price Drops 10% Shiba Inu (SHIB) Just Lost Vital Support Level: Details Bitcoin miner Canaan rolls out mining rigs as home heaters at CES 2025 Starshash Secures Strategic Partnerships with TON Ventures and DWF Labs to Revolutionize Token Distribution Binance Investors Accumulate as Netflow SMA14 Dips: Bullish Outlook for Bitcoin Whale’s $20M position on SUI may liquidate, leading to a deeper market slide Shiba Inu Just Recorded One of Its Highest Daily Large Holders Inflow in History Quantum Threats to Bitcoin: Mining Speed vs. Security Concerns Cardano Continues Its Rise, But Stops At The 1.11 Dollar Mark Shiba Inu Whales Accumulate 1.63 Trillion As SHIB Crashes 10%, Will Price Bounce? Cardano Whales Scoop Up $58 Million ADA, Triggering Double-Digit Weekly Gains MOODENG Poised for Rally After Breakout Despite Recent Price Dip Crypto Markets Bled $300 Billion in a Day as Bitcoin (BTC) Slumped to $95K (Market Watch) Daily Market Review: BTC, ETH, FTM, TIA, ENA Why Ripple Snubbed Flare to Partner With Chainlink for RLUSD BNB Adopted As Strategic Reserve Asset in This Country: Ex-Binance CZ Expert Says 0.001 Bitcoin Worth $96 Could Make You a Multi-Millionaire: Here’s How Bitcoin hourly RSI falls to most 'oversold' since $60K BTC price Trump announces $20 billion AI data center deal Here’s the Worth of 1 Shiba Inu If SHIB’s Market Cap Reaches $300B, $700B, or $1T Crypto Market Overview: What Happened in December? Bitcoin Drops to $95K: Peter Schiff Predicts More Trouble Ahead Bitcoin Couldn't Hold Above $100,000! Here Are the Factors That Triggered the Fall! Wintermute becomes the first to offer OTC trading for BUIDL tokens How Hyperliquid’s insanely lucrative airdrop launch changed the game South Korea seeks to lift ban on institutional trading of cryptocurrencies: report Rich Dad Poor Dad Author Predicts Bitcoin Sell-Off Amid Stock Market Crash What are quantum-resistant tokens and why do they matter for crypto? Bitcoin Exchange Binance Announces Delisting Three Altcoin Trading Pairs from Spot Trading! Here Are the Details China to leverage blockchain for national data infrastructure goals by 2029 BLOCKLORDS to Redefine Blockchain Gaming and DeFi with Cygnus Finance PulseChain Backlash: Hoskinson’s Comments Divide Crypto Traders 32,740,000,000,000 Shiba Inu Moved to Unknown Wallet: Here’s What Happened Bitget’s BGB Tops Market Gains with 4% Rise, but There’s a Catch Most Bullish Part of Altcoin Cycle Hasn’t Even Begun Yet, According to Analyst Kevin Svenson Galaxy Digital Offloads $12.4M ENA Amid 14% Price Drop Ark Invest’s Crypto Head Calls It Quits Binance Futures introduces SONIC perpetual contracts with up to 75x Leverage Can Cardano (ADA) Stage a Comeback After the 8% Decline? Whale Splashes $473,000 on ZAILGO, MAX, and PRISM tokens. Are AI Crypto Tokens Taking Over? XRP Investors Profit Taking Hits $1.6 Billion as Consolidation Continues Senior Analyst Shows Ideal Selling Strategy for XRP, Predicts a Perfect Exit Point Crypto market suffers the biggest drop this month; why is the market bleeding? 'Trump dump' risks pulling Bitcoin price down to $88K Ether could hit $12K on Trump pump, Pectra update: Derive researcher Helm Capital Group Unveils Kowalski Coin: Redefining Arts Funding Through Blockchain Breaking: Bhutan To Hold Bitcoin, ETH, BNB, & Other Crypto In Strategic Reserves Art gallery argues NFT holders can’t sue it due to ‘market decline’ Hyperliquid Under Fire As Validators Expose Key Decentralization Flaws Dogecoin Slumps 10% Amid Bitcoin's Slide to $96K, $560M Long Positions Liquidated The top crypto tweets of 2024 and what they reveal about the industry Inside Bitcoin Mining’s 2024 Revolution: Report Reveals Triumphs and Trials Floki to Deploy Crucial Valhalla Patch to Upgrade Wallet and Account System Key Market Dynamic That Greased Bitcoin and SPX Rally After U.S. Election is Shifting Ripple Vs SEC: Deaton Claims SEC Used Dirty Tactics, Harassed Ripple’s Customers and Garlinghouse’s Family Bitcoin ETF inflows slump as BTC falls over 5% amid macroeconomic pressures Bitcoin Exchange Binance Announces Delisting of Numerous Altcoin Trading Pairs from Its Futures Platform! South Korea’s Bithumb Launches DEEP Token Trading on Sui Network 2025’s Stablecoin Shifts: Massive Outflows for Tether, Big Gains for USD0 and USDX Is Litecoin aiming for $282 next? Examining key levels Polygon Consolidates Above $0.51, But Risks Decline Cryptocurrency Company Bitwise, Which Manages $5 Billion, Shares Bitcoin Price Forecast for the End of 2025 and the Year 2029 DLT Will Rebuild Trust in AI El Salvador Bitcoin Reserve Grows After Major Purchase This Afternoon Bitcoin Technical Analysis: Bearish Signals Point to Potential Collapse Below $96,000 Lotte Partners with Arbitrum to Expand Blockchain Integration NEAR: Drop to $4.80 ahead? Bearish signals strengthen Solana (SOL) Falls Under $200: Temporary Setback or Trend Shift? Why Is the Crypto Market Down Today? Crypto Prices Today Jan 8: Bitcoin (BTC) Crashes, Altcoins Plunge Chainlink price prediction as LINK token sends mixed signals Ethereum Will Drop Before The Next Leg Up – Analyst Sets Target XRP News: Ripple CEO Garlinghouse and CLO Alderoty Dine with Trump XRP Price Corrects: Limited Downside Keeps Bulls Optimistic South Korea’s Bithumb Launches DEEP Token Trading on Sui Network Machines, Not Humans to Drive Crypto's Mass Adoption? Sam Altman accused by sister of sexual abuse, OpenAI CEO denies allegations XRP Price Prediction For January 8 Bitcoin Faces Short-Term Pressure Amid Macro and Sentiment Shifts Nation-state Bitcoin adoption to drive crypto growth in 2025: Fidelity Bitcoin investor ordered to hand over crypto keys in landmark tax case Monetary Authority of Singapore pledges digital assets regulation Ethereum Price Drops Back: Another Test for Support Levels StarAI x XG Network: Revolutionizing On-Chain Gaming & Payments with Rust-Powered Innovation Finnish police seize watches worth $2.6M from Hex founder Richard Heart: Report Bitcoin downward pressure ‘abated’ as sell-side markets shrink Top Crypto Performers of January 7, 2025: Strong Daily Gains ‘Golden age of America’: Trump says military option on table to take Greenland, Panama Canal Bitcoin Signal That Took Price From $69,000 To $108,000 Appears Again Bitcoin Price Takes a Breather: Gains Reduced Amid Volatility Indonesia handover digital currency oversight to financial watchdog Vitalik Buterin champions decentralized defense against AI risks Ripple CEO Brad Garlinghouse Confirms Mar-a-Lago Meeting with Donald Trump Alchemy Pay Expands Its Presence in North America with Canadian MSB Registration Time to Buy XRP? $60.7M in XRP Outflow from Exchanges Amid Crash Cynthia Lummis Discusses Crypto Law Reforms With Paul Atkins VIRTUAL Price Cools Down Following 133% Surge: What’s Next 0G Labs Node Sale Raises Over $30 Million for Decentralized AI Development Bitcoin Is Forming A Symmetrical Triangle – Breakout Or Breakdown? Can Bitcoin Outpace Traditional Banking Systems? Analyst Says FLOKI Looks ‘Turbo Bullish,’ Predicts ‘Inevitable’ New All-Time Highs for the Major Memecoin Bitfinex Expands With New Derivatives License in El Salvador: Details Trusted Autonomy: Why Human-Machine Teams Will Run on Crypto Networks Ethereum (ETH) Sees 10x Volume Surge, Shiba Inu (SHIB) Stuck Between Key Levels, Solana (SOL) Breakdown: Is $300 on Horizon? Bitcoin’s Bullish Breakout: Key Levels to Watch PENGU Drops 10%, Risks Losing Market Cap Position to BONK Bitcoin At Risk Of Supply Shock As ETF Issues Buy More BTC Than Was Produced In December What Does OpenAI's Sam Altman Mean When He Says AGI is Achievable? What You Need to Know About Nvidia's AI Announcements at CES 2025 XRP Consolidates After 14% Surge as Whale Activity Holds Steady Financial giant SBI Group to back Solana NFT campaign in Japan
