Dogecoin (DOGE) has declined by 8% on March 11, 2025, trading at $0.158 and losing 41% of its value since March 3. The memecoin sector faces broader bearish sentiment, with significant price drops not only for DOGE but also for rivals like Shiba Inu and Pepe. Over $23 million in long DOGE positions have been liquidated recently, reflecting strong bearish pressure and driving prices lower. The market capitalization of memecoins dropped by 7.5%, amounting to a loss of $4.54 billion, as investors pull back from volatile assets. Resistance levels are established at $0.24 to $0.26, with a critical support range between $0.150 and $0.127 that bulls must defend to avoid further declines to $0.10. This trend follows repeated failures of DOGE to rise above these resistance levels, leading to lower highs being established in the market. The overall landscape for DOGE looks bearish as long-term trader participation declines and funding rates turn negative, illustrating a challenging environment for bullish traders.

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