Dogecoin Price Drops Amidst Slowing ETF Demand

Dogecoin’s market performance has recently weakened, with its price falling below the crucial support level of $0.152. This decline is attributed to a decrease in investment interest towards exchange-traded funds (ETFs), particularly those focused on Dogecoin. The lack of ETF inflow has contributed to increased selling pressure and lowered trading volumes for the cryptocurrency. Other popular assets like Bitcoin and Solana have shown more bullish trends, further amplifying Dogecoin’s struggles. Analysts suggest this downturn is a common pattern in meme coin markets where excitement fades quickly, impacting trading activity.