DOGE -38.37% in 24 Hours Amid Sharp Downtrend

On SEP 1 2025, DOGE dropped by 38.37% within 24 hours to reach $0.21023, marking the continuation of a severe bearish trend. Over the past week, the token has plummeted 275.44%, while over the last month it has fallen 38.37%. The 1-year performance is even more pronounced, with DOGE down 3,262.97%. These figures reflect a dramatic deterioration in market sentiment and speculative interest in the asset.

The recent collapse is attributed to broader macroeconomic pressures and a lack of fundamental catalysts that could reinvigorate the asset. Institutional inflows have dried up, and retail investor participation appears to have waned. Analysts project that the token could remain under pressure unless it encounters a significant positive catalyst or macroeconomic shifts favor risk-on assets. However, such projections remain speculative and not reflected in current price action.

Technical indicators have confirmed the bearish momentum. The Relative Strength Index (RSI) has plummeted into oversold territory, suggesting the asset may be reaching a short-term floor. The Moving Average Convergence Divergence (MACD) remains in negative territory, with bearish divergence observed. These metrics support the continuation of the downward trend unless there is a structural shift in market conditions.