Dogecoin (Doge) has faced considerable fixes over the past two days. The asset immersed 2.4% on the daily chart, and nearly 5% from the previous week. Doge maintains some profits in other time frames. Memecoin increased by 4.8% on the 14-day chart, 0.8% on the monthly chart and 4.1% on the previous month.
Also Read: Pepe (Pepe) & Bitcoin (BTC) Price Forecast for Mid-May 2025
Crypto Market Slide
The crypto market faces resistance. Bitcoin (BTC) has recently fallen to the $94,000 level after rising to the $97,000 mark. Global crypto market capitalization has also declined 2.2% over the past 24 hours to $3.04 trillion. Doge prices are also suffering due to the decline in the market.
Also Read: Warren Buffett warns ‘hair curler’ crash despite 347B cash
There have been some bullish developments that could bring investors’ trust. The new Pro Bitcoin SEC head could lead to generous crypto regulations in the US.
Do I need to buy a Dogecoin Price Dip?
The Dogecoin (Doge) ETF application is waiting for approval in the SEC. New SEC chair Paul Atkins may approve the Doge ETF this year. This move could lead to Doge Price Rally.
There’s also a lot to talk about Elon Musk’s X social media platform, allowing Doge payments to the payments feature. Musk is one of the most vocal Doge supporters in the world. Many of Musk’s Ventures accept Doge as a payment.
Recent market gatherings may have been encouraged by institutional investors. Retail participants have not yet entered the market. Investor confidence is still quite low.
Also Read: Binance Coin Prediction: AI forecasts BNB Prices for May 10, 2025
The Federal Reserve could quickly cut interest rates. This move could lead to a surge in crypto investments as borrowing becomes easier. Dogecoin (Doge) and other crypto assets could potentially increase fund inflows when interest rates are reduced.
