Dogecoin's Struggle: Why Aren't the Big Players Interested?

Dogecoin is currently trading at around $0. 127–$0. 128, showing a slight drop of about 3%. It has been stuck in a narrow range for some time, with no significant price movements. While some traders believe it might be stabilizing, others are not convinced. The lack of interest from big players, such as institutions, is a major concern. Dogecoin ETFs have not seen any new investments in over a week. This is a big deal because it shows that despite Dogecoin's presence in the market, people are not rushing to buy it. In contrast, Bitcoin ETFs have billions under management, making Dogecoin's ETFs look tiny in comparison. This lack of interest is problematic. Dogecoin is always creating more coins, which can put downward pressure on the price. Even if some traders think the price might go up, the overall situation does not look promising.Some traders are keeping an eye out for signs of a turnaround. They see a pattern called an inverse head and shoulders, which could indicate that the price is about to rise. However, this is not a guarantee. The price needs to stay above $0. 128–$0. 13 for this pattern to hold. If it drops below that, the hopes for a price increase might be dashed. Currently, the price is just below this key level, moving sideways. There is not much excitement in the market, with trading volume down. Buyers are not stepping in with much confidence. For the price to really move up, it needs to break above $0. 13 and stay there. If it can't, it might continue to fall.