Dogecoin price is stuck in a technical bear market, a trend that may continue as key metrics like exchange-traded fund inflows and futures open interest slip.<\/p>\n
\n Summary<\/span>\n <\/p>\n <\/p>\n Dogecoin (DOGE<\/a>) token was trading at $0.09610, down by 80% from its highest level in November 2024. It is hovering near its lowest level since September 2024.<\/p>\n DOGE, the biggest meme coin in the crypto industry, has dropped, mirroring the performance of Bitcoin (BTC<\/a>) and other altcoins. It has also mirrored the performance of other meme coins like Shiba Inu and Bonk.<\/p>\n Third-party data shows that Dogecoin\u2019s demand has waned in the past few months. A good example of this is in Wall Street, where DOGE ETFs<\/a> by companies like Grayscale, 21Shares, and BitWise have not attracted any inflows since February 3.\u00a0<\/p>\n <\/p>\n Their cumulative inflows this month is just $252k, with their assets being $9 million. In contrast, spot XRP ETFs have over $1 billion in assets, while Solana have $775 million.\u00a0<\/p>\n More data shows that the futures open interest has tumbled in the past few months. It has dropped to $1 billion, down from $5.2 billion in September last year. Falling open interest is a sign that demand from the highly active traders has continued falling.\u00a0<\/p>\n The open interest has been in a downtrend after the major liquidation event that happened in October last year. In most cases, falling interest during a downtrend is a sign that demand is waning.<\/p>\n The weekly chart shows that the DOGE price has slumped in the past few months. It dropped below the important support level at $0.10, confirming a bearish outlook.\u00a0<\/p>\n Most notably, the coin has formed a multi-year head-and-shoulders pattern. The head is at $0.4820, while the right shoulder is at $0.3073, and the left one is at $0.2290.\u00a0<\/p>\n Dogecoin has remained below the 50-week and 100-week Exponential Moving Averages. It has dropped below the key support level at $0.1296, its lowest level in April last year.<\/p>\n Therefore, the coin will likely continue falling as sellers target the key support level at $0.050. The bearish outlook will become invalid if it moves above the key resistance at $0.1300 will invalidate the bearish outlook.<\/p>\n <\/p><\/div>\n\n
Dogecoin price prediction: technical analysis<\/h2>\n
![\"dogecoin](\"https:\/\/media.crypto.news\/2026\/02\/dogecoin-price-1.webp\")