Key Highlights:
DOGE faces bearish pressure amid geopolitical tensions and market uncertainty.
Analysts warn of a potential drop to $0.15 if support at $0.163 fails.
TRX’s rise is driven by real-world utility and strategic political moves.
Dogecoin has slipped to the 9th position in the global crypto rankings after Tron’s TRX surged ahead, fueled by strong fundamentals and a reverse merger with SRM Entertainment. With DOGE trading near $0.17 and market sentiment turning cautious, analysts are eyeing a possible dip to $0.15 if key support levels break.
TRX’s Utility-Fueled Ascent
Tron’s momentum is backed by a surge in USDT activity on its network and political engagement by founder Justin Sun. The reverse merger and potential IPO have added institutional appeal, helping TRX surpass DOGE with a market cap of $25.93 billion.
Bearish Signals for DOGE
DOGE’s RSI has dropped to 48, and the MACD has turned negative—both signs of weakening bullish momentum. If the $0.163 support level fails, analysts expect a slide to $0.15. However, a bounce toward $0.20 remains possible if bulls regain control.
Market Sentiment and Long-Term Outlook
Despite short-term headwinds, some analysts remain optimistic about DOGE’s long-term potential. With 76% downside from its all-time high, there’s room for recovery if broader market conditions improve and meme coin enthusiasm returns.
