Despite a recent 16% price decline, Dogecoin (DOGE), the world’s largest crypto meme coin, is poised to continue its downward momentum. The reason behind this speculation is the formation of a bearish price action pattern on the daily time frame amid ongoing bearish market sentiment.
Dogecoin (DOGE) Technical Analysis and Upcoming Levels
According to CoinPedia’s technical analysis, DOGE appears to be bearish as it has formed a textbook-style head and shoulders price action pattern on the daily time frame. Additionally, the price of the meme coin is on the verge of a major breakdown.
Source: Trading View
Based on recent price momentum and historical patterns, if the meme coin breaches the neckline of the bearish pattern and closes a daily candle below the $0.16 mark, it could drop by 21% to reach the support level of $0.13 in the future.
As of now, DOGE is trading below the 200 Exponential Moving Average (EMA) on both the daily and four-hour time frames. This indicator suggests that the meme coin is in a strong bearish trend and is following a downward momentum.
However, traders and investors often use this setup to sell off or short the asset whenever its price shows any signs of upward movement.
Current Price Momentum
At press time, DOGE is trading near $0.168 and has recorded a 1% price drop over the past 24 hours. Meanwhile, during the same period, its trading volume declined by 60%, indicating reduced participation from traders and investors—potentially due to bearish market sentiment.
$6 Million Worth of DOGE Outflow
However, amid this bearish outlook, investors appear to be accumulating tokens, potentially signaling a classic buy-the-dip strategy, according to on-chain analytics firm Coinglass.
Source: Coinglass
Data on spot inflows and outflows reveals that exchanges have seen an outflow of approximately $6.11 million worth of DOGE over the past 24 hours. This substantial outflow suggests potential accumulation and could lead to increased buying pressure.
Yet, while this massive outflow has the potential to trigger an upside rally, the prevailing bearish market sentiment may make it difficult to sustain such upward momentum.
BeInCrypto sat down with members of the LBank team to analyze the possible resurgence of the meme coin market as a leading crypto narrative and what their fusion with artificial intelligence (AI) can have on their reach.
LBank also discussed the impact of the four-month-old Markets in Crypto-Assets (MiCA) regulation on its operations across Europe. They described a fundamental change in investor confidence in light of greater regulatory clarity and simplified accessibility.
Have Meme Coin Highs Given Way to Devastating Lows?
In recent years, the meme coin market has largely been characterized by overwhelming highs and devastating lows. The first few months of 2025 have further confirmed the volatile nature of these tokens, to the point that a vocal part of the crypto community believes that their recent lows have marked the end of the meme coin lifecycle.
These claims are not unfounded, especially now that the US President has become a meme coin player. When Trump launched his meme coin in mid-January, TRUMP reached a market capitalization of nearly $8.8 billion, a number never before seen by a meme coin launch.
When insider traders capitalized on the surge to sell off their holdings and retain millions of dollars in gains, retail investors bore the brunt of the massive sell-off, suffering hundreds of thousands of dollars in losses.
“The decline in meme coin market cap since January can be attributed to a combination of market dynamics and sentiment shifts. A key driver was the rapid rise and subsequent crash of the TRUMP token, which drew significant market capital due to its viral appeal but collapsed sharply, eroding investor confidence and triggering a broader risk-off sentiment,” Eric He, Community Angel Officer and Risk Control Adviser at LBank told BeInCrypto.
After similar experiences with the MELANIA token and the LIBRA launch, some of these retail investors realized that meme coins —as unregulated and unpredictable as they are— may not be the best investments.
Is the Meme Coin Frenzy Coming to a Halt?
Given the devastating effects that these episodes have had on the meme coin market, trading has reduced significantly. The crypto community seems to have become saturated with news of pump-and-dump schemes and rug pulls, likely contributing to a halt in the meme coin frenzy.
The total meme coin market capitalization has been free-falling since January’s peak following the presidential token launches. Now, its levels resemble those of September 2024. The greater economic downturn that traditional and crypto markets experienced over the past several weeks has only worsened prospects.
Yet, despite this downward pressure, the market still experiences a high level of activity. It has a $14.5 billion trading volume and a $57 billion market capitalization.
Total meme coin market capitalization. Source: CoinGecko.
According to the LBank team, the meme coin industry is due for a revival.
LBank’s Belief in the Revival of the Meme Coin Market
Though the decline in meme coin performance has been significant, the LBank team expressed that these circumstances are far from unexpected. Meme coins are inherently tied to community support and social momentum.
The sustained trading volumes and large market capitalization serve as tangible indicators that, even in a downturn, the market is seeing active community engagement and liquidity. Investors still see value in the tokens’ cultural and speculative appeal.
“We see it as a healthy market correction rather than a fundamental shift. Meme coins have always been volatile, but the fact that trading volumes remain high shows continued interest. What’s happening now is not the end of the trend—it’s just a recalibration before the next wave,” Mario Iemma, Head of Spanish Markets at LBank, told BeInCrypto.
In fact, Iemma believes that meme coins will not be dying out anytime soon.
AI agents represented the first significant shift in the evolution of the cryptocurrency industry. These autonomous systems proved that they could make decisions and perform tasks independently. This technology enhances intelligence, adaptability, and fairness in financial mechanisms.
Now, developers have unlocked artificial intelligence’s potential on tokens. Systems like Grok have already made news by using AI to automatically and independently design and launch tokens.
However, with a nascent technology like AI, the LBank team emphasized the need for responsible and thorough deployment for the long-lasting success of AI-generated tokens. This success hinges on two particular factors: accessibility and security.
Security and Accessibility Challenges for AI-Generated Tokens
The concept of security is frequently associated with any emerging technology. Artificial intelligence is no exception, especially in a particularly unregulated industry like crypto.
According to He, AI-generated token projects’ degree of security and transparency will determine their success.
Iemma agreed, adding that if AI-generative tokens become widely accessible, this development will also require additional layers of oversight.
“That same accessibility demands better filters, vetting, and AI-based security audits—areas where exchanges like LBank are already investing resources,” he said.
While reflecting on the security risks associated with artificial intelligence and the breaches in consumer trust that meme coins have had on the crypto community, the LBank team also emphasized the need for greater regulation in the industry.
The development of cryptocurrency regulations varies significantly across the globe. Notably, the European Union implemented comprehensive rules almost five months ago, while key markets such as the United States are still establishing adequate frameworks.
MiCA’s Effect on the European Crypto Market
Last December, with the implementation of the Markets in Crypto-Assets (MiCA) regulation, the European Union became the first jurisdiction to establish a comprehensive and unified regulatory framework for crypto-assets across all its member states, marking a significant milestone.
According to the LBank team, MiCA gives users and institutions a trustworthy framework. This development has proven critical for industry growth across the region.
“MiCA has forced firms to become more transparent and compliant, which is a good thing for long-term trust. We’ve seen exchanges accelerate their legal and operational upgrades. For users, it creates a safer, more predictable environment,” Iemma said, adding, “With clearer rules, banks and investment firms are more willing to explore crypto partnerships, custody solutions, and even tokenized assets. Regulation reduces reputational risk, and MiCA is helping bridge that gap.”
However, this experience can be largely attributed to established firms in the industry and investors with access to substantial resources. Other players, however, have struggled to gather the requirements to apply for a MiCA license.
Future Accommodation for Smaller Crypto Businesses
In discussing the impact of MiCA since its enactment last December, He highlighted how different industry players have responded to the landmark regulation. He noted that startups struggle the most to obtain an operational license.
When evaluating the cost-effectiveness of an operational license, He’s conclusions make sense.
MiCA is an expensive regulation. It mandates minimum capital requirements based on the crypto services offered. These requirements range from €50,000 for advisory and order-related services to €125,000 for exchange and trading platforms and up to €150,000 for custody services. Businesses must maintain this capital as a financial safeguard.
Beyond minimum capital requirements, companies must factor in government and legal fees, local presence costs, bank setups, and ongoing operational costs. But for prominent exchanges like LBank, the benefits outweigh the costs.
Future MiCA updates could address the high compliance costs for smaller businesses. Meanwhile, other regions developing their crypto regulations should consider this aspect to avoid creating similar barriers.
According to Wifi Dabba CEO and founder Karam Lakshman, India’s rapid digital growth has outpaced its broadband infrastructure, leaving hundreds of millions without stable access. He believes decentralized networks may offer a way to bridge that gap, using global capital, local deployment partners, and tokenized incentives to scale internet access cost-efficiently.
Wifi Dabba is putting that belief into practice. After seven years of operating in India’s broadband space, the Bangalore-based provider is now repositioning itself as a decentralized physical infrastructure network, or DePIN project.
In a recent interview with BeInCrypto, Lakshman discussed the company’s latest initiative to partner with BONK, one of Solana’s most active communities. Through this collaboration, Wifi Dabba aims to deploy 10,000 decentralized Wi-Fi hotspots across underserved regions in India.
A Network Too Big to Scale the Old Way
India is the world’s second-largest telecom market, with more than 800 million 4G and 5G subscribers. Yet when it comes to broadband, the country lags behind. Lakshman points out that while the United States has over 120 million broadband connections and China has more than 600 million, India counts only about 40 million.
“India developed rather quickly in the last 20 years, and we skipped the broadband step,” he said. “So there’s this mad race that’s happening now in India to build broadband networks.”
Wifi Dabba’s early work included powering segments of Google public Wi-Fi programs and helping the Indian government shape national telecom policy. But as the company expanded its own branded network, Lakshman said they discovered just how limited broadband access really was.
“We didn’t realize that the stat was so bad. Only five percent of India has broadband internet. We really thought most people did. So to us, that was the biggest eye-opener,” Lakshman told BeInCrypto.
In response, Dabba restructured its model around a decentralized deployment system powered by tokenized incentives. The premise is straightforward. Anyone in the world can purchase a Dabba Lite hotspot, and instead of receiving the device themselves, the company installs it in a home or office in India where there’s real demand.
“By decoupling the person that owns the hotspot from where the hotspot is going to be deployed, we do two incredibly powerful things. The first is it allows us to match supply and demand more efficiently because we’re deploying only in places where people need it and are willing to pay for it. The second is that the person buying the hotspot, like someone sitting in the US, ends up subsidizing the cost of that internet connection for someone in India,” he explained.
What Crypto Looks Like When the End User Doesn’t Know It’s There
For the person receiving internet access, Dabba’s system doesn’t feel like crypto at all. It’s a standard broadband connection, paid in fiat, installed in their home or business. What stands out to users is the price. Dabba’s service can be three to ten times cheaper than other options.
Some grow curious after noticing the discount. Dabba shares a small portion of its native token with users, which they can use for future discounts or trade on a decentralized exchange. For many, it becomes their first interaction with crypto. This time, it’s tied directly to a useful service.
Lakshman put it simply. “For the people who are curious, they learn what crypto is through a real benefit. For the people who aren’t, they just get a cheap, reliable broadband connection. And they’re happy.”
A Meme Coin Meets a Connectivity Mission
This model, which lets global participants fund local connectivity, is now being tested at scale through a new campaign with BONK. Earlier this month, the company launched a collaboration with BONK, a Solana-based meme coin project with a large and engaged user base.
The campaign will see 10,000 Dabba Lite hotspots reserved for BONK participants. Each device will trigger a $20 burn in BONK tokens at activation, followed by monthly $2 burns over 18 months.
Although the choice to work with BONK might seem unconventional at first glance, Lakshman sees it as a strategic step toward bringing DePIN to a broader audience.
“We took a long look at how to increase awareness of DePIN within the broader crypto community. Most people in the space haven’t even heard of it. Our strategy is to expand to one vertical at a time, and communities were the first,” Lakshman outlined.
According to Lakshman, BONK stood out for its long-term focus and surprising depth of utility. He pointed to existing BONK-backed projects and tools like BONKbot and Bonkler, as well as the community’s role in driving Solana Saga phone adoption. But scale was also a factor.
“BONK has almost a million wallet holders, and they’ve proven they know how to get a message across. If one of the biggest challenges in DePIN is awareness, BONK gives us distribution.”
The partnership ties token burns directly to real-world usage. BONK is only burned when a hotspot is deployed and data is consumed. This mechanism, Lakshman said, creates a clear link between network activity and token utility.
“We wanted to attract people who care about long-term utility. When a BONK holder sees tokens being burned only when the internet is being used, it shows that real work is being done. It connects utility with belief.”
XRP price has reversed from its recent multi-week high of $2.30 to trade at $2.18 at press time. Despite this slip, Ripple still eyes gains past $3 after the first spot XRP ETF offered by Teucrium amassed over $40M in net assets, barely a month after launching. The ETF’s success comes after Teucrium’s CEO told Bloomberg that XRP has the most utility among other crypto coins.
XRP Price Eyes Further Gains Amid ETF Success
According to the Teucrium website, the 2x Long Daily XRP ETF has amassed more than $40M in net assets. This is a commendable milestone considering that the product launched on April 8 and has been trading for less than three weeks.
Teucrium’s XXRP leveraged product is the first XRP ETF to launch in the US, and the amount of interest it is amassing from investors despite ongoing market anxiety is a bullish sign for the Ripple price and could aid a breakout past the key resistance hurdle of $2.20 to all-time highs.
At the same time, Teucrium’s CEO appeared in an interview with Bloomberg, stating that XRP has the most utility in the crypto industry. He opined that Ripple has amassed utility across payments, tokenization, and most recently, brokerage services after the acquisition of Hidden Road.
Besides institutions, whales are also rapidly accumulating XRP and possibly positioning themselves for further gains. Data from Santiment shows that as XRP price broke out to multi-week highs, the addresses holding between 1M and 100M Ripple purchased 260M tokens.
XRP Whale Balances
The high interest from whales and institutions shows a bullish outlook towards XRP value today and confidence among traders that the altcoin will extend its gains and smash the $3 price level to create a new record high in the coming months.
Ripple Teases Breakout From Channel Pattern
After forming a series of lower lows in the last three months, the XRP price is now teasing a breakout from a descending parallel channel, to form a higher low. This breakout will be confirmed if Ripple can make a decisive close above resistance at the upper trendline.
The first resistance level that XRP price needs to overcome if this breakout happens is $2.75. If it flips this level, the uptrend will continue past $3 towards the next hurdle of $3.29. Clearing this hurdle will unlock the rally to all-time highs.
However, traders should take note of the RSI movements, which currently show that the recent buying pressure that pushed Ripple to $2.30 is weakening. The RSI needs to recover and continue rising for a strong upward momentum. The uptrend will also occur if the MACD line crosses above the zero line.
XRP/USDT: 1-day Chart
This bullish XRP price forecast will be invalidated if the RSI falls back below 50, and the MACD rise turns out to be a fake breakout. An extension of the downtrend will happen if the XRP price falls below support at $2.05.
Considering the high institutional interest towards Teucrium’s XRP ETF and whale accumulation, it is likely that Ripple resumes its recent uptrend. However, traders booking profits after the recent rally might stall the uptrend.
