Why DogeCoin is falling ( Key Factors)
1. Broader crypto sell‑off / profit‑taking
At the start of Q3, Bitcoin, Ethereum, and altcoins all pulled back as traders locked in profits from Q2 gains—especially after risk sentiment cooled despite a cease-fire in the Middle East
2. Capital rotating into smaller meme‑coins
Investors are shifting into newer, smaller meme‑coins that surged by 2000%, such as $USELESS. This rotation is pulling money out of established memes like DOGE .
3. Heavy short positioning
There’s growing speculative bearishness: roughly $60 million in short contracts around $0.18 are acting as resistance .
4. Whale & miner selling
Significant sell pressure from miners (e.g., selling 65 million DOGE in 48h earlier this year), and persistent large-holder dumps (like 170 million tokens dropped in a day), have weighed on price .
5. Technical bearish signals
Technical patterns (like falling‑wedge breakouts and bearish “flag” setups) and long-term moving averages turning down have triggered more selling .
6. Correlation with Bitcoin and macro factors
As Bitcoin stalls below key thresholds (~$80–108K recently), DOGE, like other alts, takes a hit .
