Dogecoin Sentiment Cools as Traders Rotate to Utility Smart-Contract Tokens
Dogecoin (DOGE) momentum is fading as market sentiment cools. DOGE trades around $0.1411 with over $2 billion in volume, but technical indicators show weakening short-term momentum: RSI has stalled and resistance levels remain intact. Analysts warn a potential drop toward the $0.081 support band if selling intensifies. As confidence in meme-driven upside declines, traders are reallocating capital into advanced smart-contract and utility-focused tokens that offer real-world use cases and audited technology. The article highlights Remittix (RTX) as an example of a utility token gaining traction — promoted features include a PayFi crypto-to-fiat engine, CertiK audit, app wallet, exchange listings (BitMart, LBank), and a referral rewards program. The piece notes market rotation from speculation to fundamentals, advising traders to prioritise projects with clear adoption strategies, security audits, and developer activity. Disclaimer: this was a paid post and not trading advice.
Bearish
The report signals weakening momentum for Dogecoin with stalled RSI, firm resistance and the risk of a slide toward $0.081 — all technical signs consistent with bearish near-term pressure. High trading volume alongside falling momentum suggests distribution rather than accumulation. The narrative of capital rotation into utility smart-contract tokens increases selling pressure on meme assets as traders seek projects with audits, real use cases and exchange listings. Historically, similar rotations (e.g., post-2021 meme-coin sell-offs) led to extended consolidation or declines for hype-driven tokens while utility projects absorbed inflows. Short-term, DOGE is likely to face further volatility and downside risk until clear support or renewed on-chain demand appears. Medium-to-long-term impact depends on broader risk appetite and whether utility tokens can sustain measurable adoption; if they do, speculative coins may remain under pressure as capital prefers fundamentals over hype.