$DOGE
🚨Dogecoin (DOGE): The Meme King Losing Its Crown🚨
Thanks to Elon Musk and a dedicated community, Dogecoin has evolved from a joke to a cultural phenomenon. It reached a peak of $0.73. It reached a high of $0.73 in 2018, but has been stuck between $0.10 and $0.14 for months and is now down 85% from its high. The technicals don't seem promising: an RSI of 50 indicates a lack of clear trend, and a flat MACD suggests a lack of clear direction. DOGE's usefulness remains limited, despite its $1.5 billion trading volume and Musk's occasional mentions on X. It relies on hype and merchant adoption, such as payments for Tesla merchandise. DOGE's market cap is $16 billion, and with no major upgrades, the days of 100x rallies are behind us. Traders, such as Little Pepe ($LILPEPE), are now seeking new opportunities.