Dogecoin Breaks Below Critical Support as ETF Inflows Collapse 80%, Testing $0.15 Floor
At the time of writing, Dogecoin (DOGE) is trading over $0.15, down almost 2.5% in the last 24 hours. The famous meme coin is facing more
Quick overview
- Dogecoin is currently trading over $0.15, experiencing a nearly 2.5% decline in the last 24 hours due to increased selling pressure.
- A significant drop in ETF inflows, from $1.8 million to $365,420, has contributed to Dogecoin's struggles, contrasting with gains in other major cryptocurrencies.
- Technical analysis indicates a bearish momentum shift for DOGE, with critical support at $0.150 and resistance at $0.20.
- Market analysts suggest that if Dogecoin falls below $0.150, it could drop to the $0.1478-$0.1495 range, while a recovery requires reclaiming the $0.152-$0.155 zone.
At the time of writing, Dogecoin DOGE/USD is trading over $0.15, down almost 2.5% in the last 24 hours. The famous meme coin is facing more selling pressure after a big drop in exchange-traded fund inflows and a clear violation of important technical support levels.
During today’s session, the cryptocurrency has done far worse than other major digital assets. Bitcoin, Ethereum, and high-beta altcoins have all been rather strong, but DOGE has had a hard time staying stable above psychological support zones.
Dogecoin ETF Demand Evaporates in Single Trading Session
Dogecoin’s downfall was caused by newly released spot ETF products, which saw their first big demand shock. Daily inflows fell from $1.8 million to just $365,420, a drop of 80% in one session that surprised traders.
This huge loss in institutional participation happened while the rest of the crypto market was recovering. Bitcoin was testing $92,000 again, and other cryptocurrencies like BNB, Solana, and Avalanche were all up by more than a percentage point. The difference shows how DOGE is especially sensitive to changes in how people feel about meme currency investment packages.
The Grayscale Dogecoin Trust ETF and the Bitwise Dogecoin ETF have brought in a total of $2.16 million since they started trading on Wall Street this week. They have also processed $3.23 million in total trading volumes. But the dramatic reduction in new investments shows that initial excitement may be fading faster than expected.
DOGE/USD Technical Breakdown Confirms Bearish Momentum Shift
From a technical point of view, Dogecoin’s drop below the $0.152 support level indicates the end of consolidation and the start of a confirmed slump. The breakdown happened on high volume, with 265 million units exchanged, which is 67% more than normal. This proves that it was a structural failure and not a low-liquidity incident.
The most sales were in the early morning hours, when the volume jumped to 16.6 million at 02:08 UTC, which was the moment when supply outstripped demand. DOGE went from a session high of $0.1548 to a low of $0.1502. It tried several times to stay near $0.151 but failed, turning that area into immediate overhead resistance.
Chart patterns now show clear stair-step falls with lower highs and repeated attempts to retest the $0.155 zone that fail. There are no bullish divergences on traditional indicators, and technical momentum has clearly turned bearish. Fibonacci retracement estimates show where the next liquidity pockets will be, which are between $0.1495 and $0.1478.
Critical Support Levels and Resistance Barriers
Market analysts say that $0.150 is the sole real support level in the near future before the price drops even more. Ali Martinez, a well-known cryptocurrency trader, said that $0.20 is the “main resistance” level for DOGE. In a bigger picture, $0.080 is a critical level of support for DOGE.
EtherNasyonaL, another technical analyst, said that according to Elliott Wave theory, Dogecoin is still “trapped within the third-wave deadlock.” It is moving inside a consolidation zone while it waits for this wave pattern to finish. “The breakout that comes next will determine the strength and direction of the next big trend,” the expert said.
Dogecoin Price Outlook and Trading Considerations
Dogecoin is now at a weak point in its technicals. If the price goes below the $0.1500 psychological threshold, it will go straight to the $0.1495 Fibonacci level, where there are more liquidity clusters at $0.147. Any serious attempt to rebound must swiftly get back above $0.152. Without that, the momentum stays very bearish.
Bulls are having a hard time because of the combination of ETF inflow disappointment and damage to technical charts. Technical analysis is expected to be the main driver of price action in the near future unless institutional demand comes back.
- Near-term Price Target (Bearish Scenario): $0.1478-$0.1495 if $0.150 breaks
- Recovery Target (Bullish Scenario): $0.152-$0.155 reclaim needed to invalidate downtrend
- Medium-term Resistance: $0.20 represents the main barrier to significant upside
- Long-term Support: $0.080 serves as critical downside protection
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