DOGECOIN PRICE POISED FOR SHARPER DROP AS MARKET WEAKENS
Dogecoin price analysis: Dogecoin Price Poised for Sharper Drop as Market Weakens. Dogecoin has fallen for two straight days after failing to break above its 50-day Exponential Moving Average (EMA). The rejection at this key technical level signals weakening momentum as demand continues to fade.
DOGE has now dropped to the important support level of $0.100, significantly lower than this month’s high of $0.1176. The coin is also trading roughly 67% below its 2025 peak, highlighting the broader weakness in its price structure.
Broader Crypto Market Headwinds Add Pressure
Dogecoin is not declining in isolation. The ongoing crypto market downturn has weighed heavily on major assets like Bitcoin and other altcoins, creating a difficult environment for recovery.
One major concern is the sharp drop in futures open interest. Open interest has fallen from $5.20 billion in September to around $1.16 billion today. This steady decline suggests that traders are reducing exposure and that speculative demand has weakened considerably.
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At the same time, the weighted funding rate has remained negative in recent days, falling to its lowest level since February 10. A negative funding rate typically indicates that traders are positioning for further downside, reinforcing the bearish outlook.
ETF Activity Shows Limited Institutional Momentum
The exchange-traded fund (ETF) market also reflects muted interest. According to data from SoSoValue, the three spot DOGE ETFs offered by Grayscale, 21Shares, and Bitwise have recorded no inflows or outflows since February 3.
These funds have accumulated about $6.67 million in total inflows this year, bringing net inflows to $8.69 million. While positive overall, the lack of recent movement suggests limited fresh institutional demand.
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Dogecoin Technical Analysis: Downtrend Remains Intact
On the daily chart, Dogecoin continues to trade in a strong downward trend that began after it peaked at $0.3073 in September last year.
The price has now fallen below the key support level of $0.1295, which marked its lowest level in April last year. It is also trading beneath all major moving averages—a clear sign of sustained bearish momentum.
Meanwhile, the Percentage Price Oscillator (PPO) remains below the zero line, further confirming that sellers remain in control.
What’s Next for DOGE?
Given the current technical setup and weakening demand indicators, the most likely scenario is continued downside pressure.
The next major level to watch is the year-to-date low of $0.0790. If DOGE falls below that support, it could open the door for an even deeper decline.
Unless buying interest returns and the price reclaims key resistance levels, Dogecoin may remain under pressure in the near term.
Key Levels to Watch: $0.0790 in Focus
With the bearish structure intact, the next major downside target is the year-to-date low of $0.0790.
If DOGE breaks below this level, it could trigger:
- Increased selling pressure
- Liquidation of leveraged long positions
- Acceleration toward deeper support zones
However, if buyers defend this level strongly, a short-term relief bounce could occur. That said, any recovery would need to reclaim key resistance levels to shift momentum back to neutral.
Final Outlook
Dogecoin is currently facing multiple headwinds:
- Weak broader crypto sentiment
- Falling futures open interest
- Negative funding rates
- Limited ETF activity
- Bearish technical structure
Unless demand returns and the price reclaims important resistance levels, the path of least resistance appears to remain downward.
In the near term, all eyes will be on whether DOGE can hold above $0.0790—because a break below that support could signal a steeper and more prolonged decline.
