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Crypto Trends

Why Solana, Dogecoin, XRP are Trading Lower on the Week

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In brief

  • Solana fell over 10% in the past week to $156, while Dogecoin and XRP posted sharper declines of 14% and 5%, respectively.
  • Broader digital asset retreat tied to renewed macroeconomic uncertainty and rising global trade tensions.
  • Muted DeFi activity, low futures volume, and shifting risk appetite are signs of weakening retail-driven momentum, Decrypt was told.

Solana slipped Monday, while XRP and Dogecoin held steady, as all three lagged behind Bitcoin over the past week.

The broader pullback in digital assets over the past week comes amid renewed investor caution, primarily driven by trade tensions and macroeconomic uncertainty.

“Sentiment in crypto is risk-off,” Strahinja Savic, head of data analytics at crypto advisory FRNT Financial, told Decrypt. “The driver of that has been this macro instability that spills over into crypto. You see these sharp sell-offs and a total reset of risk appetite.”

Savic said that sluggish lending rates on DeFi platforms and low volume for perpetual futures contracts for Bitcoin and Ethereum, among other metrics, underscored the lack of appetite for a “risky kind of retail-driven trading right now in crypto.”

Solana, the sixth-largest crypto by market value, fell more than 10% over the past week to $156, CoinGecko data showed.



Dogecoin dropped 14%, while XRP declined 5% during the same period. Bitcoin, the largest digital asset, lost 4.3% to trade around $105,000.

Ethereum was little changed over the week but remains up nearly 40% over the past month, buoyed by optimism following a recent network upgrade.

The declines come as U.S. President Donald Trump re-escalates his trade war against China and other countries, raising the possibility of slowing economic growth and rising prices anew.

The Trump administration’s tariff policies have consistently buffeted markets.

Solana rose above $180 in mid-May, part of an upswing in digital assets that occurred when inflation readings arrived milder than expected and trade rhetoric softened. Dogecoin and XRP also spiked around this time before sinking.

While Bitcoin’s dominance has risen to about 65% and is up more than 10% year-to-date, Savic said, “there’s still a lot of support for crypto in general, and that we have a U.S. government that’s embracing crypto across the board.”

Edited by Sebastian Sinclair

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Looking To Buy The Dogecoin Dip Below $0.2? Analyst Says Wait For This To Happen First

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Dogecoin has dipped below $0.2 as part of a broader crypto market correction, providing a buying opportunity for investors. However, crypto analyst DecyX had indicated that investors should wait for this to happen before they accumulate the foremost meme coin. 

Analyst Reveals What To Wait For Before Buying Dogecoin

In an X post, DecyX told investors to wait for Dogecoin to grab the liquidity under $0.187 before accumulating the meme coin. He added that they should look for bullish price action on the lower timeframes (LTFs) and target the imbalance zone between $0.213 and $0.215. The analyst believes that a full fill could send DOGE to above $0.235.

DecyX also noted that the Fair Value Gap (FVG) above is still untouched and that the $0.2597 strong high is a magnet long-term for Dogecoin. His statements come just as the meme coin dropped below the psychological $0.2 level. This price decline has occurred following the Bitcoin price correction from its all-time high (ATH) recorded two weeks ago. 

Source: DecyX on X

In an X post, crypto analyst Kevin Capital told Dogecoin holders that they want to see the meme coin hold onto between $0.1901 and $0.1839. His accompanying chart showed that failure to hold between this range could send DOGE to as low as $0.17. The analyst has on several occasions drawn the correlation between the Dogecoin and Bitcoin price. 

In another X post, he commented on the Bitcoin price and warned that things could get “sketchy” for the flagship crypto, meaning that DOGE is also at risk. Kevin Capital noted that the weekly close for Bitcoin was below $106,800, which puts it back in the danger zone. The analyst remarked that it needs to return above that level within the coming days to avoid things becoming sketchy. 

DOGE Could Be Bottoming Out

In an X post, crypto analyst Trader Tardigrade stated that Dogecoin could be forming a double bottom on the 4-hour chart. His chart showed that he expects a reversal from the $0.18 zone, with the meme coin rallying back above the psychological $0.2 zone.  

The analyst also alluded to Dogecoin’s daily chart, revealing a hidden Bullish Divergence on DOGE’s Relative Strength Index (RSI). He stated that the meme coin is creating a higher low on the daily chart, while its RSI shows a lower low. Meanwhile, the analyst revealed that Dogecoin is breaking out from a Symmetrical triangle on the 1-hour chart. A breakout from this triangle is also expected to send the meme coin above the $0.2 level. 

At the time of writing, the Dogecoin price is trading at around $0.1906, down in the last 24 hours, according to data from CoinMarketCap.

DOGE trading at $0.19 on the 1D chart | Source: DOGEUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Dogecoin (DOGE) Tanks 60%: Here's Ugly Truth
NFT Gaming

Dogecoin (DOGE) Tanks 60%: Here’s Ugly Truth

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It is time to call Dogecoin what it is: a 60% drop that reveals a lack of investor conviction. The meme coin’s 2025 price performance has been a complete mess thus far. Following a break below the 50 EMA and a paper tiger test of the 100 and 200 EMAs, DOGE is currently holding onto a weak support zone at $0.19-$0.20 after peaking at $0.50.

This degree of decline is not merely another healthy retracement; rather, it is an obvious indication that the market no longer believes in the asset. The technical image appears bleak. An asset should never see price action below the 50 EMA, but DOGE, a volatile meme asset, is a complete bust. The chart indicates that the market does not believe in a sustainable recovery given the lack of any real support from the convergence of the moving averages (black 200 EMA and orange 100 EMA).

DOGE/USDT Chart by TradingView

It is clear that momentum has vanished because even the RSI indicators at the bottom of the chart are trapped in neutral to bearish territory. The harsh reality is that Dogecoin’s core principles have never stood out. It has always involved conjecture and excitement. But now that investors are growing more discriminating and the macro environment surrounding cryptocurrency is suffering, the 60% wipeout serves as a warning. 

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Even coping with this decline will not save portfolios because the price is now so damaged. The best case scenario is a gradual recovery, and even that seems improbable unless DOGE experiences a sizable infusion of fresh capital or some renewed celebrity fervor. For traders it serves as a warning. 

Dogecoin is not merely down; it could end up being entirely irrelevant in this cycle. More suffering and disappointment are to be expected unless there is a miraculous recovery above the important EMAs soon. The harsh reality is that Dogecoin’s celebration may be coming to an end.



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11.07 Billion Dogecoin in 24 Hours, Futures Traders Not Making Difference
Crypto Trends

11.07 Billion Dogecoin in 24 Hours, Futures Traders Not Making Difference

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As the combined crypto market continues to slide, Dogecoin (DOGE) traders have generally made a move to stir revival in the coin’s price. CoinGlass data shows a massive slip in the open interest market for the top meme coin. As of writing, this metric is down by 12.57% in the past 24 hours. This shift is a sign that the broader ecosystem is in serious distress.

Dogecoin leveraged traders stunned

Open interest is the total number of outstanding positions in a derivatives market. For Dogecoin, traders have committed 11.07 billion DOGE, which is valued at $2.09 billion.

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Despite the general shift, Dogecoin’s open interest has shifted in the past few hours. Per the CoinGlass data, this metric has jumped by over 2% in the past hour, and over the trailing four-hour period, it has inked a 0.9% uptick.

Dogecoin open interest is an active tool that measures the health of the meme coin. For now, it reflects an extended drawdown in the altcoin price. According to data from CoinMarketCap, Dogecoin was changing hands for $0.1932, down by 5.13% in the past 24 hours.

The DOGE sell-off is encompassing, considering that other altcoins, including XRP, have suffered a 181% liquidation imbalance in the past 24 hours. 

Dogecoin growth triggers unleashed

DOGE is not the only distressed digital currency in the market. Other meme coins like Shiba Inu and PEPE have also lost significant value within the same period.

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However, the push for Dogecoin ETF is changing the general outlook for digital currencies. While not approved yet, the number of filings to list and trade DOGE ETF is growing, with firms like Canary Capital and Grayscale Investments leading the charge.

If approved, this will become one of the top altcoin ETF products available to U.S. institutional investors. Notably, while this product may not impact Dogecoin’s price in the short term, it may drive its rally in the long term.



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Dogecoin Founder Shares Hot Take on Current Crypto Market Setback
GameFi Guides

Dogecoin Founder Shares Hot Take on Current Crypto Market Setback

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  • DOGE founder comments on crypto market decline
  • Shibetoshi Nakamoto’s overall take on crypto market

Billy Markus, who created the iconic meme cryptocurrency Dogecoin in collaboration with Jackson Palmer in 2013, has commented on the slight crypto market decline in his typical ironic style. On the X social media platform, Markus is known under the name “Shibetoshi Nakamoto.”

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DOGE founder comments on crypto market decline

The world’s largest cryptocurrency, Bitcoin, has dropped by slightly more than 2%. BTC printed a large red candle on an hourly chart, falling from $105,500. At the time of this writing, Bitcoin is changing hands at $104,400 per coin. Since Thursday, Bitcoin has declined by roughly 5%, losing the $108,800 mark.

The crypto market followed its leader, Bitcoin, into the red zone. During the past day, top 20 coins and those further down the list dropped 2%-8%.

Markus tweeted: “I liked crypto about 10% better yesterday.”

i liked crypto about 10% better yesterday

— Shibetoshi Nakamoto (@BillyM2k) May 30, 2025

Bitcoin began crashing as trade tensions between the U.S. and China have begun escalating again after the recent talks in Switzerland. After that, Bitcoin slightly rebounded as the personal consumption expenditures (PCE) price index, the key inflation metric for measuring the inflation rate, has slipped by 0.1% during the past month. This brought the overall inflation rate up to 2.1% — the lowest in 2025 so far. Still, that did not prevent Bitcoin slipping further after that.

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Shibetoshi Nakamoto’s overall take on crypto market

Billy Markus is known for his skeptical attitude toward investing in/trading crypto and NFTs. Once he even likened trading to a mental illness. Shibetoshi Nakamoto does not believe that analysts or traders are able to predict future movements of crypto prices. He pointed out that “experts” usually explain Bitcoin spikes or crashes after they happen, not before.

In his tweets, Markus often shares that take. He is also often skeptical on predictions promising Bitcoin to soar to 1 million per coin. As for his crypto holdings, Markus has several times posted that he holds a tiny bit of Dogecoin and 0.001 BTC. He sold nearly all his Dogecoin stash back in 2015 to buy a used Honda Civic automobile.





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GameFi Guides

XRP, Solana and Dogecoin Slide as Crypto Market Contracts by 5%

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In brief

  • Top altcoins are underperforming Bitcoin as the crypto market slides and Bitcoin dominance rises.
  • Solana and XRP have each fallen around 5% in the last 24 hours.
  • Other alts, like Dogecoin, Chainlink, and Avalanche have fallen even further.

Back and forth headlines about the institution of President Donald Trump’s trade tariffs have led to volatility in the crypto market, now down nearly 5% in the last 24 hours according to CoinGecko. It’s been led by a pullback in alts like XRP and Solana.

The pair have dropped by 4.5% and 5.1% respectively, underperforming Bitcoin in the process, which has only fallen by 1.6% to $105,370 in the same time frame.

Other popular alternative crypto assets, like Dogecoin and Sui have fallen as well, dropping nearly 8% and 3.3% respectively in the last 24 hours. Further down the list, other altcoin darlings like Chainlink and Avalanche have dropped at least 5%.

Given the slide in alts, Bitcoin dominance is once more on the rise, now tracking at 64.14% according to TradingView after hitting a four-year high earlier this month.

The market’s slide amid confirmed GDP contraction and cooling ETF activity has some analysts cautious in the near-term.

For example, investment firm BRN is de-risking in the near-term, but  maintaining its overweight position in Bitcoin, but trimming its SOL position thanks to recent underperformance.

“Bitcoin’s dominance rose again, reinforcing its resilience during market downturns. However, we expect further short-term weakness, especially with limited ETF activity over the weekend,” wrote BRN Lead Research Analyst Valentin Fournier in a Friday market note.



“We expect a temporary drop toward the $100K level before a broader move toward $130K-$150K, after which altcoins could take over. We reduce exposure and maintain overweight on Bitcoin.”

Further market uncertainty could be in the cards as courts continue the back-and-forth over Trump’s trade tariffs, but one analyst recently told Decrypt that the outlook could change quickly if policy clarity is found.

Edited by Stacy Elliott.

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Crypto Trends

Crypto Liquidations Spike Above $800 Million as Bitcoin, Dogecoin and Ethereum Fall

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In brief

  • Crypto liquidations exceed $800 million over the past 24 hours, mostly from longs.
  • Bitcoin dipped to nearly $104,000 Friday after setting a new peak just shy of $112,000 last week.
  • Dogecoin is the biggest loser in the top 10 coins today, dropping below $0.20 per coin.

Optimistic traders betting on future crypto gains have been largely burned over the last day, with liquidations on crypto positions surging above the $800 million mark over the past 24 hours as prices decline.

More than $827 million worth of bets have been liquidated during that span, per data from CoinGlass, with long positions making the vast majority of the bunch at $747 million worth.

Bitcoin is the biggest single source of pain for traders, making up $222 million worth of soured bets, with Ethereum next at nearly $122 million. Solana, XRP, and Dogecoin round out the top five for daily asset liquidations.



All of those coins are in the red on Friday, with the broader crypto market declining in value by 4.3% over the last day.

Dogecoin is leading the pack for losses among the top 10 coins by market cap, falling 9% over the past day as of this writing and sitting just below the $0.20 price mark. DOGE hasn’t been this low since May 8.

Meanwhile, Solana is down by nearly 5% at $160, XRP has fallen 3.3% to $2.20, and Ethereum is off by 3% at a current price of $2.573.

Bitcoin’s daily dip of 1.3% is less notable at a current price of $104,730, though it came close to the $104,000 mark earlier this afternoon. The leading cryptocurrency has struggled in recent days to hold onto last week’s gains, surging just over a week ago to hit a new all-time high mark of $111,814.

Friday’s crypto slide comes as stock market indices were also down earlier in the day following Thursday’s down GDP report, and recent back-and-forth between President Donald Trump and the courts over whether his global tariffs are legal.

In a Friday market note, BRN Lead Research Analyst Valentin Fournier said to expect “further short-term weakness for Bitcoin” before a potential pop to new heights.

“We expect a temporary drop toward the $100K level before a broader move toward $130K-$150K, after which altcoins could take over,” he wrote.

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GameFi Guides

21Shares Files Amended S-1 For Dogecoin ETF Bid

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Asset manager 21Shares has filed an amendment for its Dogecoin ETFs, which it filed last month. This development comes just weeks after the US Securities and Exchange Commission (SEC) acknowledged the filing, which kickstarted the review process. 

21Shares Files Amended Dogecoin ETF Application

A SEC filing shows that 21Shares has amended its application to offer a Dogecoin ETF. The asset manager had initially filed the S-1 form for this fund on April 9, a move that showed its intention to offer institutional investors direct exposure to the top meme coin. Meanwhile, Nasdaq had filed the 19b-4 form to list and trade shares of this ETF, which officially began the approval process. 

In an X post, Bloomberg analyst Eric Balchunas noted that the amended filing makes things more interesting, as these amendments typically follow comments made by the SEC. As such, it suggests that the Commission is in communication with the asset manager, a development which provides optimism about an approval at some point. 

It is worth mentioning that the SEC recently delayed its decision on Grayscale’s Dogecoin ETF application while seeking more comments and rebuttals on the filing. The next deadline for the Commission to decide on this application is August 19. The fourth and final deadline is on October 18. 

Bitwise has also filed to offer a Dogecoin ETF, but the SEC delayed its decision on this filing following the first deadline, which came up on the first of this month. The next deadline for this filing is June 15, when the Commission is also likely to delay the application. 

The third and fourth deadlines are on September 13 and November 12, respectively. Bloomberg analyst James Seyffart predicts that approval is unlikely to come until the early part of the fourth quarter. 

Odds Of An Approval This Year

Polymarket data shows that there is a 69% chance of the SEC approving a Dogecoin ETF by December 31. Meanwhile, there is only a 15% chance that an approval will come by July 31. Bloomberg analysts Seyffart and Balchunas have also weighed in on the odds of an approval for a DOGE ETF this year. 

Balchunas shared a chart that showed there is an 80% chance that a Dogecoin ETF could be approved this year. They reached these odds based on the assumption that the SEC views DOGE as a commodity, as well as the fact that there is a regulated futures market for the meme coin. A futures market increases the chances of an approval since the court ruled in the Grayscale case that the spot and futures markets are similar. 

Source: Chart from Polymarket

At the time of writing, the Dogecoin price is trading at around $0.20, down over 9% in the last 24 hours, according to data from CoinMarketCap.

DOGE trading at $0.20 on the 1D chart | Source: DOGEUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Dogecoin Price Breakout To $0.5 Confirmed If It Breaks This Channel Resistance

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Despite its current trading range between $0.22 and $0.23 in the past 48 hours, Dogecoin is still on a noticeable recovery from its April low near $0.13 on a larger time frame. Interestingly, technical analysis of a larger timeframe, particularly the 1-day candlestick chart, shows that the steady climb has positioned Dogecoin at the upper boundary of a descending channel that has defined its price action since December 2024. 

Price movement within this structure has been characterized by consistently lower highs and lower lows. However, recent activity indicates increasing bullish pressure, with Dogecoin now attempting to break through the overhead resistance. 

Channel Breakout Could Trigger Unstoppable Pump

According to crypto analyst MMBTrader, who posted his Dogecoin take on the TradingView platform, Dogecoin is on the verge of a significant breakout that could trigger an unstoppable pump if price action successfully clears the descending channel resistance. 

The annotated daily candlestick timeframe chart shared with the analysis suggests that once Dogecoin clears the upper trendline of the descending channel, heavy upside momentum could drive it toward the $0.3 price zone. This level, previously a major support between December 19, 2024, and January 2, 2025, could now act as a critical resistance moving forward.

Source: MMBTrader on Tradingview

However, the most important level to break for new all-time highs is at $0.4. Breaking above $0.4 with momentum would not only confirm the bullish reversal but could also confirm the rally toward higher targets at $0.75 and even $1 in the longer term.

Breakout Above $0.27 Is Ultimate Confirmation

Keeping the descending channel structure in mind with current Dogecoin price levels, any confirmed breakout above $0.27 would serve as a strong bullish signal. The importance of the $0.27 price level was also noted by crypto analyst MMBTrader.

If Dogecoin manages to close a daily candle above $0.27 with solid volume backing the move, it would signal a clean break above the channel’s resistance and invalidate the broader downtrend that has weighed on the meme coin’s price since its multi-year high of $0.48 in December 2024.

Such a breakout would not only mark the end of months-long consolidation but could also open the door for rapid upside momentum. However, until that breakout materializes, Dogecoin is still at risk of rejecting downwards again at the resistance trendline. On the other hand, the analyst highlighted the $0.205 and $0.180 zones as the closest support levels. 

A breakdown below these levels would delay the bullish setup but wouldn’t necessarily invalidate it unless Dogecoin falls back into deeper consolidation below $0.13. Until then, the bullish push towards the upper trendline is still in play, and a confirmed breakout will make DOGEUSDT pump non-stop.

At the time of writing, Dogecoin is trading at $0.224, down by 1.4% in the past 24 hours.

DOGE trading at $0.22 on the 1D chart | Source: DOGEUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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