Dogecoin Price Drops 15% As This DOGE 2.0 ICO Keeps Pumping

Dogecoin Price Prediction: DOGE Plummets 15% In A Week As This New Degen Dogecoin Derivative Keeps Pumping In Explosive Presale

ByAlex Murage

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Updated: 03 August 2025

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The Dogecoin price tumbled 3% in the last 24 hours and 15% in the past week to trade at $0.196 as of 10:59 p.m. EST on trading volume that plunged 27% to $2.2 billion.

But the DOGE price is still up 14% in the last month. Can the bulls recover the upward momentum?

Dogecoin Price Still Bullish Despite 3% Drop

The DOGE price recently completed a double bottom pattern, a classic bullish reversal formation that signals a trend shift from bearish to bullish.

This pattern is identified by two distinct troughs near the same support level (around $0.13–$0.14), followed by a breakout above the neckline resistance at approximately $0.22.

However, after touching the $0.28 level on the 0.382 Fibonacci level, the Dogecoin price went on to plunge below the 0.236 Fib level ($0.22).

DOGE is currently trading above both the 50-day Simple Moving Average (SMA) ($0.18738) and 200-day SMA ($0.18153), reinforcing bullish conditions.

Meanwhile, the Relative Strength Index (RSI) is at 48.48, right below the neutral 50 line, which signals consolidation after a strong move.

The Moving Average Convergence Divergence (MACD) line (blue) is slightly above the signal line (orange), and the histogram is positive, a mild bullish signal. While not aggressive, this setup supports the idea that bullish momentum is still in play.

DOGE/USD Chart Analysis (Tradingview)

DOGE Price Prediction

The current Dogecoin price action suggests a potential pullback or consolidation phase above key support at the 200-day SMA ($0.18153).

If the $0.18153 level holds, buyers may step in to retest the $0.224 resistance, and eventually aim for higher Fibonacci targets. A confirmed break above $0.224 and a hold above the neckline could propel the price of Dogecoin toward $0.28–$0.32, aligning with the 0.382 and 0.5 Fibonacci levels.

Meanwhile, investors are piling into a new Dogecoin derivative presale called Maxi Doge Token (MAXI).

After racing past $100k raised within minutes of its launch earlier this week, the 99Bitcoins YouTube channel, with over 723K subscribers, said MAXI has the potential to soar 100X after launch.

Since then, funding has raced past $265k.

A Promising Alternative To Dogecoin

If you sat aside and watched early investors get rich on Dogecoin, Shiba Inu, Bonk, Floki, and Dogwifhat, there’s a meme coin with your name on it.

Maxi Doge ($MAXI) is the new Ethereum-based dog coin that has watched his older cousins bask in success since 2017. This whole time, MAXI was ridiculed and spent his ‘adoglescent’ years bouncing between rug pulls and failing in the gym.

But then he discovered the secret – not the book, but ‘MAXITREN,’ 1,000x leverage, and caffeine.

And now, he’s here to show the other dog coins what he’s been working on.

Just like other meme coins we know, Maxi Doge also encourages traders to forget orthodox investment principles and embrace camaraderie, collective belief, and chasing pumps.

The project reimagines the iconic Doge meme as a 240-lb canine juggernaut embodying the sheer willpower to help day-to-day investors unlock maximum gains all together.

Maxi Doge carries a powerful statement: “lift, trade, and repeat,” an ethos crafted to outperform even the original Dogecoin and deliver excellent returns to community members.

Its main aim is to build a community-driven ecosystem that thrives on harnessing 1,000x energy, sharing leveraged insights, competitions, and meme-driven camaraderie to unlock maximum returns together.

🚨 $MAXI is now live in Upcoming Tokens! 🚨@MaxiDoge_ is a meme coin built for traders who play hard, lift heavy, and never stop watching the charts.

How to get started:
📲 Download Best Wallet
🔥 Check out $MAXI in Upcoming Tokens

Join Now! 👉 https://t.co/mV4V8pg1Ei pic.twitter.com/bN11nslpq4

— Best Wallet (@BestWalletHQ) July 29, 2025

Stake MAXI For 1,423% APY

The team has set aside 5% of its 150.24 billion token supply for staking. If you buy and stake now, the project offers a massive 1,423% annual percentage yield (APY).

Twenty-five percent of the token supply is allocated to marketing and partnership events via the “MAXI Fund,” a move aimed at amplifying visibility and volume

MAXI tokens are priced at $0.00025 and can be bought with ETH, BNB, USDT, USDC, or a bank card.

Buy before a price hike in less than 2 days to lock in the best deal.

Check out Maxi Doge Token.