Dogecoin News Update: Major Investors Stunned as Dogecoin's Drop Wipes Out $20 Million in Profits

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Dogecoin News Update: Major Investors Stunned as Dogecoin's Drop Wipes Out $20 Million in Profits

Bitget-RWA2025/11/14 16:04

By:Bitget-RWA

- Dogecoin fell over 21% in a month, testing a key $0.17 support level after Trump's stimulus speculation failed to sustain momentum. - Technical indicators show bearish trends, with RSI and MACD turning negative, risking a broader sell-off below $0.163. - CleanCore Solutions' stock plummeted 78% as its $20M Dogecoin treasury lost value, highlighting corporate treasury risks in volatile crypto markets. - Market jitters spread to AI/tech sectors, with C3.ai down 17% and cautious outlooks for tech IPOs amid

Dogecoin has dropped more than 21% over the last month, falling under $0.17 and challenging a key support level that has remained intact since late 2023. Although there was a short-lived spike earlier this week fueled by speculation about Donald Trump’s suggested $2,000 stimulus, the

meme

coin has not managed to maintain

its upward momentum

raising concerns that the 2021-style rally may be over

Dogecoin News Update: Major Investors Stunned as Dogecoin's Drop Wipes Out $20 Million in Profits image 0

Experts caution that technical signals now suggest a bearish trend, as the Relative Strength Index (RSI) continues to decline and

the Moving Average Convergence Divergence has turned negative

. If Dogecoin falls below the $0.163 threshold, it could spark a larger sell-off, wiping out the gains achieved during the late-2023 rebound.

This downturn has significantly impacted corporate holders.

CleanCore Solutions

, a company listed on the NYSE that accumulated more than 700 million

Dogecoin

tokens in its reserves,

experienced a 78% plunge in its share price

to an all-time low, despite its holdings being valued at over $20 million earlier this year. The firm’s aggressive buying, including a major purchase in September at $0.238 per coin, is now underwater, erasing previously unrealized profits. CleanCore’s difficulties underscore the dangers of using corporate treasuries to bet on volatile assets,

even as Dogecoin adoption continues to expand

Recent price movements stand in stark contrast to the optimism that followed Trump’s stimulus comments, which briefly revived trading patterns seen in 2021.

Coindesk noted a 6% jump

in Dogecoin on November 10 as traders anticipated policy-driven flows into riskier assets. However, the rally quickly faded as doubts mounted over the viability of the proposal, highlighting Dogecoin’s dependence on broad economic themes rather than intrinsic demand.

Experts point out that meme coins are still highly speculative

, with Dogecoin’s performance more closely linked to political and macroeconomic developments than to technological progress.

Challenges in the wider tech and AI industries also provide context for Dogecoin’s recent struggles.

C3.ai’s shares have fallen

17% in the past month, underperforming both the S&P 500 and Nasdaq. The company’s consideration of a possible sale—prompted by leadership changes and falling revenues—

has further unsettled the market

, reflecting broader headwinds in the AI sector. Meanwhile,

Lisa Heinrich of Bank of America has expressed a cautious stance

on tech IPOs, noting that while some deals may close by 2026, investor interest remains selective. These factors point to a risk-averse climate for high-growth assets, including digital currencies.

Technical analysts stress that Dogecoin’s short-term direction depends on whether it can stay above the $0.1800–$0.1804 support range.

If this level is breached for an extended period

prices could slide to the $0.1740–$0.1750 area, though patterns of institutional buying suggest there may be interest during price dips. For now, the market seems to be anticipating a lengthy period of sideways trading, with Trump’s stimulus proposal offering little in the way of new momentum.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bitget-RWA•2025/11/18 14:56

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Bitget-RWA•2025/11/18 14:56

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Bitget-RWA•2025/11/18 14:34