Dogecoin (DOGE) Plunges 20% as Market Sell-Off Intensifies—More Losses Ahead? Meanwhile, XYZVerse and SHIB Hold Strong Amid the Memecoin Crash

Dogecoin has seen a steep decline, falling by 20% as the market sell-off grows more severe. Questions arise about whether more losses are on the horizon for this popular token. In contrast, XYZVerse and Shiba Inu are holding their ground amid the chaos impacting meme coins. What factors are contributing to this divergence in performance?

Undervalued $XYZ Meme Coin Gears Up for Listing on a Major CEX

XYZVerse ($XYZ) is the meme coin that has grabbed headlines with its ambitious claim of rising from $0.0001 to $0.1 during a presale phase.

So far, it has gone halfway, raising over $14 million, and the price of the $XYZ token currently stands at $0.003333.

At the next 13th stage of the presale, the $XYZ token value will further rise to $0.005, meaning that early investors have the chance to secure a bigger discount.

Following the presale, $XYZ will be listed on major centralized and decentralized exchanges. The team has not disclosed the details yet, but they have put a teaser for a big launch.

Born for Fighters, Built for Champions

XYZVerse is building a community for those hungry for big profits in crypto — the relentless, the ambitious, the ones aiming for dominance. This is a coin for true fighters — a mindset that resonates with athletes and sports fans alike. $XYZ is the token for thrill-seekers chasing the next big meme coin.

Central to the XYZVerse story is XYZepe — a fighter in the meme coin arena, battling to climb the charts and make it to the top on CoinMarketCap. Will it become the next DOGE or SHIB? Time will tell.

Community-First Vibes

In XYZVerse, the community runs the show. Active participants earn hefty rewards, and the team has allocated a massive 10% of the total token supply — around 10 billion $XYZ — for airdrops, making it one of the largest airdrops on record.

Backed by solid tokenomics, strategic CEX and DEX listings, and regular token burns, $XYZ is built for a championship run. Every move is designed to boost momentum, drive price growth, and rally a loyal community that knows this could be the start of something legendary.

Airdrops, Rewards, and More — Join XYZVerse to Unlock All the Benefits

Dogecoin (DOGE)

Source: TradingView

Over the past six months, Dogecoin's price has dropped by 54.22%. In the last month, it declined by 31.56%, and the past week saw a further decrease of 12.70%. This downward trend reflects challenges in the cryptocurrency market and growing concerns among investors.

Currently, Dogecoin trades between $0.1357 and $0.1746. The nearest support level is at $0.1198. If the price falls below this point, it could reach the second support level of $0.0809, marking a significant drop. On the upside, the nearest resistance level is $0.1976. Breaking above this could lead to the next resistance at $0.2365, indicating potential for recovery.

Technical indicators show mixed signals. The Relative Strength Index is at 53.43, suggesting neutral momentum. However, the Stochastic indicator is high at 94.49, which often means the asset is overbought and might face a price correction. The MACD level is negative at -0.0002935, pointing toward bearish momentum. Based on this data, Dogecoin's price may continue to face downward pressure unless market conditions improve.

Shiba Inu (SHIB)

Source: TradingView

Shiba Inu (SHIB) has seen significant price declines recently. Over the past week, its value dropped by 10.21%. The downward trend is more pronounced over the past month with a decrease of 24.45%. Looking at the last six months, SHIB has lost 53.96% of its value. Currently, it trades within a range of $0.000009666 to $0.00001193, reflecting ongoing volatility.

Technical indicators shed light on SHIB's market position. The Relative Strength Index (RSI) stands at 57.08, suggesting neutral conditions—not quite overbought or oversold. The stochastic oscillator is high at 96.73, which may indicate overbought conditions in the short term. The Moving Average Convergence Divergence (MACD) level is slightly negative at -0.000000009952, hinting at mild bearish momentum.

Regarding support and resistance levels, SHIB faces immediate resistance at $0.00001326. Surpassing this could signal a shift in momentum. The next resistance level is at $0.00001553. On the downside, the nearest support is at $0.000008723. Falling below this might lead to testing the second support at $0.000006453. The 10-day Simple Moving Average (SMA) is $0.00001068, which is below the 100-day SMA of $0.00001118, often seen as a bearish indicator.

Conclusion

While DOGE and SHIB remain strong, XYZVerse (XYZ) leads by uniting sports fans and aiming for massive growth in the 2025 bull run.

You can find more information about XYZVerse (XYZ) here:

https://xyzverse.io/, https://t.me/xyzverse, https://x.com/xyz_verse

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.