Price Analysis View Non-AMP

Dogecoin Price Analysis: DOGE Faces Another Selloff as Altcoins Weakens Against Bitcoin

Published by
Steve Muchoki
  • The wider crypto market may be attempting to follow the Gold price but the short-term selloff continues to persist.
  • DOGE price has potentially bottomed, but a retest could happen again before market reversal.

Dogecoin (DOGE), the largest memecoin by market capitalization, remains highly synchronized with Bitcoin’s (BTC) price action. Most importantly, the large-cap memecoin, with a fully diluted valuation of about $23.5 billion and a 24-hour average trading volume of about $1 billion, has been recording a similar fractal pattern to the 2021 and 2017 bull cycles.

As a result, the odds of a major parabolic rally before the end of 2025 remain palpable, especially catalyzed by the notable rally of Gold price.

Delayed Altseason Threatens Short-term Dogecoin Price Outlook

The involvement of the government in the crypto market through complex global regulations has significantly impacted the four-year crypto cycle. During the 2021 crypto cycle, most of the altcoins were in price discovery during the second quarter, with large-cap altcoins having reached respective peaks.

According to crypto analyst Benjamin Cowen, the altcoin market will continue to bleed to Bitcoin in the near term. The crypto analyst expects Bitcoin dominance to reach 66 percent in the coming weeks, thus causing altcoins to drop another 10-20 percent.

In the daily timeframe, the DOGE price has been retesting a crucial logarithmic support level established since 2023. Although DOGE price has signaled a breakout from a YTD falling logarithmic trend, the MACD and Relative Strength Index (RSI) have not yet signaled the onset of bullish sentiment.

As a result, DOGE’s price is well positioned to drop towards 14 cents again before rebounding towards price discovery soon.

DOGE’s Bigger Picture

Backed by a robust online community of more than 6 million on-chain holders, Dogecoin has grown to be a major crypto asset. Most importantly, the unwavering support from tech billionaire Elon Musk and his family of unicorns has helped attract more institutional support.

Already, several fund managers have filed with the U.S. SEC to offer spot DOGE ETFs. Meanwhile, Dogecoin’s core developers are seeking to expand the network to cover the DeFi ecosystem.

Furthermore, the DeFi ecosystem has helped top-tier layer one chains, such as Solana (SOL), remain competitive in the past two years.

Steve Muchoki

Steve is a crypto news writer with a passion for decoding market moves. He blends breaking blockchain news with sharp technical analysis and bold price predictions. From Bitcoin rallies to altcoin breakouts, Steve breaks it all down with clarity and insight. Whether you're a trader or just curious, his analysis keeps you ahead of the curve.

Recent Posts

Bittensor, NEAR, and ICP: The AI Token Leaders

As of July 2025, the AI and big data crypto market cap has surged to…

July 16, 2025

Will Shiba Inu & Pepe Memecoins Break Key Resistance Levels?

The memecoin category has zoomed notably in the last 24 hours, with a market cap…

July 16, 2025

“Jerome Powell’s Firing Is Imminent,” Claims Florida Rep. Anna Paulina Luna

Since the start of Trump’s tenure, he has been vocal on interest rates, and on…

July 16, 2025

Crypto Week Recap: Bitcoin Surges as U.S. Debates Digital Asset Bills

On July 3, the White House announced that the week of July 14 would be…

July 16, 2025

Shiba Inu News: Whale Controls 41% of SHIB Supply—Is Ryoshi Back?

Shiba Inu, the second-largest memecoin by market cap, is back in the spotlight. Not because…

July 16, 2025

XRP News: Will Ripple vs SEC End This Thursday?

XRP recently surged past the $3 mark for the first time in years, triggering fresh…

July 16, 2025