ElonDoge USD Price & Performance (EDOGEUSD)

The price of Dogecoin has dropped significantly, losing 41% of its value since early March and hitting its lowest point in four months. The memecoin is under pressure from macroeconomic uncertainties and technical resistance levels. Over $23 million in long positions were liquidated recently, signaling strong selling pressure.12

The memecoin sector has seen a sharp decline, with Dogecoin leading the losses at 8% in a single day. Other tokens like Shiba Inu and Pepe have also fallen. Investor sentiment has been dampened by tariffs and macroeconomic factors, erasing billions from the market's capitalization.34

Despite recent losses, historical price patterns for Dogecoin indicate a potential comeback. Analysts point to a falling wedge formation, which has previously led to significant rallies. Speculation surrounding an upcoming Bitcoin halving event may also provide a positive catalyst for the cryptocurrency.56