Dogecoin Dips to $0.21 as Traders Pivot to Mutuum Presale
Dogecoin price has dipped to around $0.21 amid broader market swings and a pullback in large-investor activity. The memecoin now tests support between $0.20 and $0.22; failure to hold this range could trigger further downside, while a break above $0.24 is needed to revive bullish momentum. At the same time, DeFi project Mutuum Finance (MUTM) is in its sixth presale phase at $0.035, having raised over $15.45 million from more than 16,100 investors. This stage offers a 14.28% discount before the price rises to $0.04 in phase seven. Mutuum Finance’s security is backed by a $50,000 USDT bug bounty and a $100,000 giveaway. Its dual-lending framework, combining peer-to-contract and peer-to-peer models, and Chainlink oracle feeds across USD, ETH, MATIC, and AVAX enable lower borrowing rates and accurate price data. Traders should monitor Dogecoin’s support levels and presale phases to inform trading and hedging strategies.
Bearish
Dogecoin’s slide to key support levels and reduced large-holder activity, combined with a market rotation toward high-yield DeFi offerings like MUTM, suggest diminished buying pressure in the near term. Failure to hold $0.20–$0.22 support could extend the bearish trend, while a breakout above $0.24 is needed to shift the outlook. Although successful DeFi presales may attract long-term capital, the current shift of risk-on funds into emerging tokens intensifies short-term downside risk for DOGE.