Dogecoin is facing a crucial test on the market as the price attempts last-minute moves at 2025’s close. According to CoinGecko data, Dogecoin is down 62% on a yearly basis as meme coins failed to produce the desired traction this year. The dog coin is down 16.39% so far in December, on track for its third red month since September. Oct. 11’s flash crash did not help Dogecoin price either as it fell to a low of $0.13.
This drop exposed weakness below, which caused Dogecoin to fall further in the markets. Dogecoin has stagnated in a range as cryptocurrencies are yet to recover from a weeks-long sell-off that began in October with the liquidation of some $19 billion worth of leveraged positions. This largely affected the market, with traders reluctant to bet big on a comeback, but it seems now there are early signs of a sentiment shift. At press time, Dogecoin was trading up 0.03% in the last 24 hours to $0.1244 as it stays in a tight range.
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