Dogecoin Hits Multi-Month Low as Demand Continues to Fade
- Price Decline: Dogecoin has fallen to $0.1232, representing a 74% drop from its 2025 peak, indicating a significant decline in investor demand for the meme-based cryptocurrency, which may lead to further erosion of market confidence.
- Weak ETF Inflows: Since approval in November, Grayscale and Bitwise Dogecoin ETFs have only seen cumulative net inflows of $2 million, which is substantially lower than other altcoin ETFs, reflecting a continued decline in market interest for Dogecoin.
- Derivatives Market Signals: The weighted funding rate for Dogecoin has recently turned negative, indicating increased bearish sentiment among traders, while open interest in futures has plummeted from $5.2 billion to $1.48 billion, demonstrating a significant drop in market activity.
- Technical Indicators Signal Downside Risk: Dogecoin's price has formed a head-and-shoulders pattern and has breached the major support level at $0.1295, with analysts suggesting that a drop below the psychological mark of $0.10 could trigger further substantial long-term losses.
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Technical Analysis for DOGE
Technical Sentiment Analysis for Dogecoin (DOGE) As of , Dogecoin (DOGE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DOGE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, DOGE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Dogecoin (DOGE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0458 | 0.0629 | 0.0817 | 0.0988 | 0.118 | 0.135 | 0.154 |
| Fibonacci | 0.0629 | 0.0766 | 0.0851 | 0.0988 | 0.113 | 0.121 | 0.135 |
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