Loading article…
Dogecoin at $0.0696, 55% under its $1.57 yearly high, faces $0.050 support test. See key levels, OI and market‑cap context.
Dogecoin (DOGE) fell to $0.0696 on Friday, keeping the meme coin about 55% below its 2023 peak of $1.5666 and edging toward the four‑year floor of $0.050 set in June 2022 [1]. The drop matters because it signals that bearish momentum dominates the broader crypto market, where the Fear & Greed Index sits in “Extreme Fear” territory.
| At a glance | |
|---|---|
| Price | $0.0696 |
| 24h change | ≈ ‑0.5% (price below $0.0700) |
| Key support | $0.050 (four‑year low) |
| Catalyst | Weak momentum, rising perpetual futures OI (~16 bn DOGE) |
Dogecoin’s price sits well under its 50‑, 100‑ and 200‑week exponential moving averages (EMAs), with the 50‑week EMA near $0.1214, the 100‑week EMA around $0.1422 and the 200‑week EMA about $0.1391 [1]. The MACD hovers just above zero while the RSI sits near 33, indicating oversold conditions but no decisive rebound. These indicators, combined with a lack of clear daily‑timeframe support, leave the next downside targets at $0.0600 and the historic $0.050 floor [1].
Perpetual futures open interest (OI) rose to roughly 16 billion DOGE on Friday, up from 15.4 billion the day before, showing medium‑term investor interest despite the price slide [1]. Higher OI generally reflects greater liquidity, yet the market’s risk‑off tone—evidenced by the Fear & Greed Index falling to 25—suggests that new capital is not translating into price strength [1].
Dogecoin’s market capitalisation hovers near $11.3 billion, keeping it among the top‑tier cryptocurrencies by value [3]. Daily trading volume ranges between $670 million and $950 million, which, while improved, remains below the spikes that typically precede sustained breakouts [3]. Recent price action includes a brief rally above $0.073, driven partly by easing geopolitical tensions, but momentum quickly faded, leaving the $0.07 level as a contested support‑resistance zone [3].
Dogecoin’s slide underscores how fragile meme‑coin rallies are in a risk‑averse crypto environment; the key question is whether the $0.07 support can hold long enough for momentum to rebuild or if the price will breach toward the 2022 floor.
Coverage is mostly measured — 118 of 121 reports stay neutral.
Every Monday — the token unlocks, Fed dates & catalysts set to move crypto and markets this week. So you’re never blindsided.
Free · 3-min read · one-click unsubscribe
AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Aug 1, 2026 · How we report
Dogecoin is trading near $0.0727, which is roughly 55% lower than its yearly high of $1.5666.
Indicators are mixed: some, like the MACD and TD Sequential, show buy signals, while others, such as Bull Bear Power and the positioning below long‑term EMAs, suggest bearish pressure.
Yes, the Dogecoin Foundation partnered with Paxos to integrate DOGE into its brokerage and custody infrastructure, allowing fintech and institutional clients to evaluate the memecoin.
If bearish momentum persists, Dogecoin could retest psychological support around $0.0600 and the four‑year low near $0.0500.
Open interest in Dogecoin perpetual futures increased to about 16 billion DOGE, indicating ongoing medium‑term interest despite the overall downtrend.