Currently, Dogecoin is struggling to gain price momentum as the Memecoin market capitalization has decreased significantly, indicating a bearish sentiment. With the recent market correction, Dogecoin now has a market cap of 96.5 billion USD, down from 137 billion USD, showcasing declining interest in the asset.

The price action analysis presents key levels for Dogecoin: 0.316 USD as vital support and 0.36 USD as resistance. Moreover, HODL behaviors show an intensified accumulation as daily active addresses drop, revealing a mixed sentiment among holders regarding short-term prospects.