The cryptocurrency market has been plunged into a decline this week, with global crypto market capitalization dropping by 11% in the past seven days.

Dog-themed cryptocurrency Dogecoin (DOGE) has exceeded $2 billion in trading volume in the last 24 hours. According to CoinMarketCap data, Dogecoin's 24-hour trading volume reached $2.2 billion, a 32% rise in this time frame.

With strong technical support and historical momentum, Dogecoin is set for another explosive rally.

Billionaire tech mogul Elon Musk launched a poll on his social media platform X asking users if a staffer at his DOGE team should be rehired after resigning over the exposure of tweets advocating for racism and eugenics.

Bitcoin (BTC) dived back into the red as momentum stalled around the $99,000 price level and fell to a low of $95,891 before recovering and moving to its current level. The flagship cryptocurrency is down almost 1% as it oscillates between $95,000 and $99,000, nearly 11% below its all-time high as it struggles to reclaim $100,000.

Rep. James Comer (R) Kentucky discusses the latest on what framework is needed to create the Reconciliation Bill and get it approved by Republican members in the House of Representatives. He also shares his thoughts on Elon Musk and DOGE, saying Musk is "being very transparent," and states that Musk has no authority to do anything and that the power lies with President Trump or Congress.

Dogecoin's recent strong uptrend may be coming to an end as it has officially broken below important support levels. After a spectacular surge in late 2024 and early 2025, the meme coin has now lost more than 40% of its peak of Jan. 17, casting doubt on its bullish momentum.

Dogecoin price has been consolidating around the $0.25 support level amid recent market corrections. Despite attempts, the cryptocurrency has struggled to break the $1 mark.

Dogecoin (DOGE) is gaining momentum as bullish pressure strengthens, positioning the price for a potential move toward the $0.2677 mark. After facing recent turbulence, buyers are stepping in to reclaim control, signaling a possible shift in market sentiment.

Strong job growth can lead to fears of inflation and increased interest rates, while weak data might signal an economic slowdown.

It now seems a distant memory when memecoins would spike hundreds, and sometimes thousands of percent in short periods of time. Are the crypto memes dead or dying now?

Dogecoin trades at $0.264 in a consolidation pattern with a potential short squeeze brewing at $0.272 while 77% of traders maintain bullish positions.

Technical analysis reveals similarities between Dogecoin's current price patterns and those observed during the 2017 bull run, with the cryptocurrency currently trading at $0.26 following established support and resistance levels.

Bitcoin's price has dropped almost 9% over the last week, leading to a broader downturn across the crypto market.

Crypto analyst Master Kenobi has drawn a similarity between the current Dogecoin price action and that of the 2017 bull run. Based on this similarity, the analyst suggested that the foremost meme coin could soon witness a major rally like it did in the 2017 bull run.

Dogecoin (DOGE), the leading memecoin by market cap, is among the altcoins impacted by the wider crypto correction in the past two weeks. The large-cap memecoin, with a fully diluted valuation of about $38.4 billion and a 24-hour average trading volume of about $1.

In the ongoing bull market cycle, Dogecoin has seen considerable upward movements reaching the $0.48 mark. Even though the dog-themed meme coin has since dropped to the $0.25 price level, it is likely to witness another bullish run, which could push DOGE to a new all-time high in this cycle.

The cryptocurrency market experienced a downturn on Thursday, with the global market capitalization falling 1.4% to $3.15 trillion, amid significant developments in institutional adoption and mixed traditional market performance. Cryptocurrency Gains +/- Price (Recorded at 8.37 p.m.

Dogecoin was attempting a breakout past the midline of the consolidation channel albeit with low volumes.

Dogecoin (DOGE) price has shown little movement in the last 24 hours, down about 3%. Its trading volume has dropped 36% to $1.65 billion despite Neptune Digital Assets buying $370,000 DOGE.

In a surprising development, crypto insiders have revealed a significant surge in Dogecoin whales' activity that has sparked widespread speculation across the market. These influential investors are reportedly positioning themselves for massive gains, not just by holding Dogecoin, but by making strategic moves into WallitIQ (WLTQ)—an AI-driven crypto gem currently in its fast-winding presale.

Over the past week, there has been a significant amount of controversy directed at the newly established Department of Government Efficiency (DOGE). Although opinions remain divided regarding its operations, artificial intelligence (AI) and blockchain technology will likely be employed to better optimize government spending on a permanent distributed ledger system.

The cryptocurrency world is abuzz with Neptune Digital Assets Corp.'s recent acquisition of a substantial chunk of Dogecoin.

Dogecoin (DOGE) price has gained attention following recent price analyses indicating a potential surge. Analysts suggest that if DOGE maintains a critical support level, it could see a significant rally.

Dogecoin has recently made headlines with its first-ever bullish divergence on the RSI daily chart in 2025, signaling a potential upward movement in its price. As of the latest data, Dogecoin is trading at $0.2659, reflecting a 2.23% increase over the past 24 hours.

Dogecoin has faced extreme volatility amid U.S. trade war fears and macroeconomic uncertainty, causing a sharp decline in price action. The meme coin plunged over 39% in less than 48 hours, wiping out weeks of gains and shaking investor confidence.

A staff member on the Department of Government Efficiency led by tech billionaire Elon Musk resigned after the Wall Street Journal asked the White House about a social media account that advocated for racism and eugenics, the newspaper reported.

Despite positive catalysts like institutional adoption and discussions around Bitcoin's potential inclusion in sovereign wealth funds, the cryptocurrency market is trading lower on Thursday, with traders closely watching Bitcoin's $95,500 support level. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $96,588.31 -1% Ethereum (CRYPTO: ETH) $2,710.63 -2% Solana (CRYPTO: SOL) $191.80 -3.7% XRP (CRYPTO: XRP) $2.33 -4.4% Dogecoin (CRYPTO: DOGE) $0.2481 -4% Shiba Inu (CRYPTO: SHIB) $0.00001505 -5.6% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 4.9% and daily active addresses falling by 3.4%.

For what it seems, considering that these two tokens account for over half the market cap of all meme coins, the odds of a short-term reversal are high.

Another crypto market crash has occurred, with Bitcoin, XRP, Solana, and Dogecoin prices experiencing significant declines. This development comes amid economic uncertainty and the bearish sentiment among investors.

Three of the top coins have shed a quarter of their respective value in the last week as Bitcoin struggles amid Trump's trade war.

Cryptocurrencies remain volatile on Thursday, with tokens displaying mixed performances. Bears have dominated since the US declared the partially-delayed tariffs on China, Canada, and Mexico. Meme coins traded downward, with the meme market capitalization plunging by over 7% to $74.1 billion. Moreover, the declined 24-hour trading volume indicates fading investor interest in meme assets.

Some traders panic when prices fall. Others see an opportunity.

The recent sharp decline has made market sentiment more sensitive, with some seizing the opportunity while others offloaded their holdings. Amid this, whales have been accumulating Dogecoin (DOGE), the popular meme coin.

"This is a strong sign of confidence in the market," Ali Martinez maintained.

Dogecoin (DOGE) has captured the attention of investors with its long wick formation on the daily chart. Tardigrade forecasts this wick could trigger an upsurge to $1. Meanwhile, IntelMarkets (INTL) has emerged as the best crypto to buy now.

Despite a 21.6% decline over the past seven days, Dogecoin (CRYPTO: DOGE) whales and traders remain bullish, expecting a strong recovery. What Happened: Crypto trader Master Kenobi compared Dogecoin's current price action to 2017 rather than 2021, suggesting a similar pattern is unfolding.

The price of Dogecoin has dipped by 2% in the past 24 hours, yet renewed accumulation suggests that the meme token may recover very soon. The post Can Dogecoin Rally Soon? Big Money Flows In, and a Bullish Reversal Might Be Next appeared first on Cryptonews.

Dogecoin, a cryptocurrency that first gained attention for its playful nature, has remained a key player in the digital asset world. Despite recent market setbacks—particularly a 30% drop in value over the past month—many remain optimistic about its long-term potential.

Donald Trump's latest trade policies have sent shockwaves through the financial markets, with Dogecoin (DOGE) traders among the hardest hit. As key trading partners retaliated, investor uncertainty spiked, leading to a sharp downturn across the crypto sector, with Dogecoin (DOGE) registering over 38% in losses.

Dogecoin (DOGE) price has witnessed sharp volatility, recently dropping 20% before rebounding to over $0.26. The cryptocurrency stabilized despite broader market turbulence, mirroring patterns from 2017.

Billy Markus, who created the original meme cryptocurrency Dogecoin in collaboration with Jackson Palmer, has gained the attention of the crypto community with a recent tweet.

Dogecoin (DOGE) continued to trade sluggishly on Thursday, following a weak weekly close on Sunday. Notably, the leading meme coin has been moving sideways in recent days after a sharp pullback since December 9, during which it has lost around 32% of its value amid a broader market downturn led by Bitcoin.

Mick Mulvaney, Actum Strategic Advisors co-chair and former White House chief of staff, and CFPB & OMB director, joins 'Squawk Box' to discuss the role of DOGE on spending cuts, reducing the size of government, and more.

On-chain data shows Dogecoin whales, with a balance of between 10M and 100M coins, have accumulated over 750M DOGE coins during the recent crypto market correction.

Attorneys for the Justice Department have agreed to temporarily restrict staffers associated with Elon Musk's from accessing information in the.

Dogecoin shows signs of price recovery following a 40% decline, with technical analysis suggesting a potential market peak in April 2025 based on historical 1,442-day cycle patterns.