Latest Dogechain (DC) Price Analysis

By CMC AI
13 June 2025 10:14PM (UTC+0)

Why is DC’s price down today? (13/06/2025)

TLDR

Dogechain (DC) dropped 8.5% in 24 hours due to bearish technical signals, Bitcoin dominance squeezing altcoins, and fading momentum from dated partnerships.

  1. Oversold RSI and MACD downtrend signal weak buying interest

  2. Bitcoin’s dominance surge to 63.86% drained altcoin liquidity

  3. Top holders control just 2.4% of supply, amplifying volatility


Deep Dive

1. Technical context

DC’s 7-day RSI (27.08) and 14-day RSI (34.02) show extreme oversold conditions, but the MACD histogram (-0.000000166) confirms bearish momentum. Prices broke below the 50-day SMA ($0.0000914) and 200-day SMA ($0.000181), turning these levels into resistance. The 24-hour trading volume spiked 82% to $1.9M, suggesting panic selling dominated.

2. Market dynamics

Bitcoin’s dominance rose 0.64% in 24 hours to 63.86% (vs. 63.22% yesterday), reflecting capital rotation away from riskier alts. The Altcoin Season Index (25/100) remains in “Bitcoin Season,” with DC’s -8.5% underperforming the broader crypto market’s -3.6% drop.

3. Supporting factors

  • Holder concentration: 97.6% of DC supply is held by smaller wallets (<1% each), increasing volatility during sell-offs (CoinMarketCap)
  • Dated catalysts: QuickSwap’s Dogechain integration news (April 23, 2025) lost relevance, with no fresh updates to sustain momentum (QuickSwap Docs)

Conclusion

DC’s decline reflects technical breakdowns, macro Bitcoin strength, and a lack of fresh catalysts to counter weak holder structure. With the 7-day RSI nearing historic lows, could this set up a contrarian bounce if Bitcoin stabilizes?

Why is DC’s price up today? (10/06/2025)

TLDR

Dogechain’s 2.58% 24-hour price rise aligns with broader crypto market gains and technical support levels, but lacks clear catalysts.

  1. Market tailwinds – Crypto market cap rose 4.03% as fear/greed hit 64 (“Greed”)

  2. Technical bounce – Price rebounded near Fibonacci 78.6% support ($0.0000786)

  3. Low conviction – Volume rose 9.5% but remains 85% below yearly highs

Deep Dive

1. Market dynamics

The crypto market added $133B (+4.03%) in 24 hours, with Bitcoin dominance dipping 0.44% to 63.24% – a mild risk-on shift. Dogechain’s 2.58% gain underperformed the sector average, suggesting its move was partly carried by macro flows rather than organic demand. The Fear & Greed Index rose to 64 (“Greed”) from 55 yesterday, reflecting improved sentiment after June’s -9.5% crypto market correction.

2. Technical context

  • Support test: The 24h low of $0.0000755 neared the 78.6% Fibonacci retracement level ($0.00008086), a common reversal zone, before bouncing
  • Momentum: RSI-14 at 42.52 shows neither overbought nor oversold conditions, while MACD’s -0.00000435 signal hints at bearish bias weakening
  • Resistance: The 10-day SMA ($0.0000802) and pivot point ($0.0000792) capped upside, keeping price below key technical thresholds

Conclusion

Dogechain’s modest rebound appears driven by sector-wide momentum and technical buying at Fibonacci support, but low volume (-85% vs yearly average) and absent project-specific catalysts limit conviction. With DC still down 23.6% MTD, does its memecoin-chain narrative retain enough traction to sustain recovery?

CMC AI can make mistakes. Not financial advice.