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Dogecoin up 2.2% to $0.074 on July 3 despite $871,000 ETF outflows following President Trump's $635 M royalty disclosure, signaling retail bullishness.
Dogecoin (DOGE) jumped 2.2% to $0.074 on July 3, trading around $706 million in 24‑hour volume, even as spot DOGE ETFs recorded their second‑largest daily outflow ever—$871,000 on July 2—after President Trump disclosed $635 million in royalties from his TRUMP meme coin [1].
| At a glance | |
|---|---|
| Price | $0.074 |
| 24h change | +2.2% |
| ETF outflow | $871,000 |
| Catalyst | Trump royalty disclosure |
The $871,000 outflow is the biggest since December 2024 and the second‑largest since DOGE ETFs launched in November 2025, indicating institutional sellers are exiting positions [1]. The outflow followed Trump’s revelation that he earned $635 million from the TRUMP meme coin launched in January 2025, sparking fears of regulatory crackdowns on meme tokens. Despite this, DOGE’s price rose from $0.069 on June 30 to $0.075 on July 3, forming a U‑shaped recovery pattern that technical analysis interprets as bullish tightening [1].
The funding rate for DOGE futures climbed to 0.0098%, the highest level since April 15, suggesting long‑biased trader sentiment [1]. Open interest also rose from $941 million on June 28 to $1.04 million on July 3, reinforcing the view that retail buyers are driving the rally despite institutional exits [1]. However, a falling ADX line warns that the upward momentum may be weakening, and further ETF outflows could pressure the price back toward the recent low of $0.069 [1].
Analysts note that breaking the $0.076 resistance and securing three consecutive closes above that level could unlock a 9% upside to $0.083, aligning with the double‑bottom target of the chart pattern [1]. Conversely, a slip below $0.069 would likely retest the June 30 low, exposing the coin to further downside.
Dogecoin’s ability to rally amid record ETF outflows highlights a split between institutional caution and retail optimism, leaving the next price direction hinged on whether buying pressure can sustain above key resistance and how regulators respond to the Trump meme‑coin controversy.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jul 5, 2026 · How we report
A Death Cross occurs when a short‑term moving average falls below a long‑term moving average, often interpreted as a bearish signal; Dogecoin has not seen a weekly Death Cross in over three years, making the current setup noteworthy.
Dogecoin is down about 87% from its $0.74 high in May 2021 and has been down 20% for the current year.
Spot Dogecoin ETFs experienced $871,000 in outflows on July 2, yet the price rose to $0.074 on July 3, driven by broader crypto bullish sentiment and retail buying.
Yes, Dogecoin has a history of bouncing back from declines, sometimes overriding technical patterns due to community enthusiasm and external factors.
The price needs to break above $0.076 with three consecutive closes to confirm a bullish long‑term outlook, but the current technical setup remains uncertain.