Dogecoin price drops, but history hints at a big comeback—Here’s why

Dogecoin and other memecoins are facing intense selling pressure as security concerns and scams shake investor confidence. Over the past day, the memecoin market has lost over $4 billion in value, with Dogecoin dropping more than 6%. Declining network activity and reduced demand have worsened the downturn. However, historical trends suggest a potential breakout, with Dogecoin nearing a key technical pattern. As Bitcoins halving approaches, traders are watching closely for signs of a rebound.