The price of Dogecoin (CRYPTO: $DOGE) has fallen 4% in the last 24 hours to $0.14 U.S. as traders continue to sell meme coins.
Analysts say that traders and investors appear to be selling into the brief rallies in cryptocurrencies since the start of the year, with elevated volumes and volatility levels.
While Bitcoin (CRYPTO: $BTC) and Ethereum (CRYPTO: $ETH) are showing signs of stabilization, speculative appetite across meme coins continues to show signs of fatigue, say analysts.
Altcoins and meme coins such as DOGE continue to be among the weakest performers in the crypto space.
The price of Dogecoin remains down 60% over the last 12 months despite several short rallies.
The consensus expectation appears to be for Dogecoin to continue sliding lower in the near term as traders take any available profits and with a lack of catalysts on the horizon.
While there had been hope that spot Dogecoin exchange-traded funds (ETFs) would launch in the U.S., no such investment vehicles have emerged.
Market data shows that trading volumes in Dogecoin have been particularly high lately, running 48% above the seven-day average and mirroring volatility in other meme coins.
COMTEX_472027227/2797/2026-01-15T10:40:53