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Dogecoin drops for a third day, hovering near $0.07 support. Watch key levels $0.0745 and $0.0641 as market risk‑off sentiment persists.
Dogecoin fell for a third consecutive session on July 13, 2026, slipping toward the $0.0700 support zone amid weakening retail demand and bearish derivatives positioning [1].
| At a glance | |
|---|---|
| Price | $0.071 (≈ 1 % down) |
| 24‑h change | –1.2 % |
| Key level | $0.0700 support |
| Catalyst | Diminishing retail interest, negative funding and falling open interest [1] |
The meme coin remains below its 50‑day EMA ($0.0824) and 200‑day EMA ($0.1064), reinforcing a broader downtrend. A descending trendline has repeatedly rejected attempts to rebound, most recently near $0.0745, leaving $0.0700 as the next critical support. A daily close beneath this zone could open a path to $0.0641, a level last seen in October 2023 [1].
Derivatives data show a 1 % drop in DOGE futures open interest to roughly $1 billion, indicating fewer leveraged positions. The funding rate turned negative at –0.0013 %, signaling a tilt toward short bets. Liquidations over the past day totalled about $2 million, with $1.8 million coming from long positions, underscoring that bullish traders have absorbed most of the recent sell‑off [1].
Broader crypto sentiment is in the “fear” zone, with the Crypto Fear & Greed Index at 29, reflecting heightened caution amid geopolitical tensions involving the United States and Iran. Dogecoin, the largest meme token by market cap at over $12 billion, is seeing retail participation fade, further dampening upside potential [1].
Technical indicators are mixed: the RSI hovers near 40, edging toward oversold territory, while the MACD stays above its signal line but with diminishing histogram bars, suggesting that any bullish momentum is weakening [1].
Dogecoin’s slide highlights how meme assets remain vulnerable to risk‑off sentiment, and the next price break will determine whether the token can stabilize or slide deeper into its downtrend.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jul 23, 2026 · How we report
Dogecoin was created by software engineers Billy Markus and Jackson Palmer. They launched the cryptocurrency on December 6, 2013, as a satirical project.
Dogecoin does not have a maximum supply cap. The cryptocurrency is inflationary, with a total circulating supply of 168.43 billion DOGE as of December 2024.
Dogecoin is considered a meme coin because it was founded as a joke based on the 'Doge' internet meme featuring a Shiba Inu dog. The branding and community culture are centered around this satirical origin.
Financial experts warn that Dogecoin is a highly speculative and risky investment. They advise that individuals should only invest money they can afford to lose due to the asset's significant price volatility.