Dogecoin (DOGE) is among the worst losers in the top 10 so far this year, booking a 39% retreat in 2026 as the price action continues to break key supports.
Interest for meme coins has waned recently, as the public's attention has turned to other corners of the tech ****** e like artificial intelligence (AI) and ****** e exploration.
Meanwhile, although market sentiment has improved recently, the macroeconomic backdrop remains unfavorable for the crypto market as a whole, and that is even more real for meme coins as a niche segment.
Persistent geopolitical tensions in the Middle East and a hawkish outlook when it comes to the Federal Reserve's monetary policy decisions continue to keep a lid on crypto prices and have pushed investors out of the sector as higher rates favor low-risk ****** ets.
Dogecoin has failed to stay above key levels despite its status as the king of this niche. Not even the launch of an exchange-traded fund (ETF) in the United States has prevented it from falling off a cliff, and now the price action appears to be eyeing a sustained decline toward the ****** et's October 2023 lows.

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