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Dogecoin struggles below 10 cents amid meme coin market decline and low Solana activity

Market News
30 Mar 2026
Benzinga
View Source
Bearish
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Dogecoin has fallen nearly 80% from its October 2025 highs and remains stuck below the key $0.10 level as meme coin dominance in the altcoin market dropped from 0.042 in mid-February to 0.034 in March. Solana, a major hub for meme coin trading, has seen a sharp decline in daily decentralized exchange users, reaching record lows. Despite bearish price trends, derivatives data shows increased trading volume and a growing long position ratio, indicating some traders expect a potential reversal. However, ongoing geopolitical tensions and risk aversion continue to suppress broader market enthusiasm for meme coins.

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