📉Dogecoin price continues to fall, trading at $0.1242, which is 42% below this year's high. While other meme cryptocurrencies such as MOTHER Iggy and Hoppy are seeing growth of 18% and 3600% respectively. 🚀

This development comes as traders increasingly turn their attention to new meme coins such as Bonk, Pepe and Dogwifhat (WIF), which are outperforming major cryptocurrencies such as Bitcoin, Ethereum and Solana.

Demand for Dogecoin has not been strong in recent months, with its 24-hour volume regularly remaining below $1 billion.

Technical data shows that Dogecoin price remains below the 200-day and 50-day exponential moving averages (EMA), which is a common bearish sign.

What do you think about it? 🤔 Leave your comments below!