Meme Coin Leader Dogecoin, Alone in a Downtrend Amidst Sideways Market

Uk Jin

Summary

Dogecoin fell by 3.94%, showing a sharp decline while other major virtual assets are mostly moving sideways.
In contrast, major virtual assets like Bitcoin and Ethereum are slightly rising or showing a stable trend around 1%.
Some analysts predict that Dogecoin could reach up to $0.29 after a correction.

The leading meme coin, Dogecoin (DOGE), is showing weakness.

As of 2:19 PM on the 15th (KST), Dogecoin is recording a sharp decline of 3.94% at $0.1606 according to CoinMarketCap. While most major virtual assets (cryptocurrencies) are moving sideways, only Dogecoin is in a downtrend.

At the same time, Bitcoin (BTC) rose by 1.16%, and Ethereum (ETH) also increased by 0.62%. Other assets like XRP (+0.45%), Binance Coin (-0.07%), Solana (-1.65%), and Tron (-1.25%) are all showing a stable trend around 1%.

However, some analysts suggest that Dogecoin is taking a breather before an upward trend. Famous virtual asset analyst Ali Martinez stated via X (formerly Twitter) the previous day, "Dogecoin is predicting a big upward trend this week," and "if it breaks through $0.17, it could surge up to $0.29."