Dogecoin’s Selloff Tests Long-Held Beliefs as Traders Debate Capitulation or Reset

Dogecoin’s (DOGE) latest selloff has forced traders to confront a question that has followed the meme coin since its peak years. Is this another temporary washout, or a deeper reset in how the market values DOGE? Related Reading: XRP Hasn’t Entered A Bear Market Yet; Analyst Shares Why Over the past 24 hours, Dogecoin slipped sharply below levels that had held through weeks of consolidation, erasing a sense of stability that many participants had grown accustomed to. The move unfolded without a single defining catalyst, instead reflecting broader weakness across higher-beta crypto assets. At the same time, DOGE’s highly visible online presence has remained active, creating a contrast between weakening price action and persistent cultural relevance. DOGE’s price trends to the downside on the daily chart. Source: DOGEUSD on Tradingview Breakdown Below Key Support Shifts Short-Term Structure In the past 24 hours, Dogecoin (DOGE) fell about 5.5%, sliding from roughly $0.1367 to near