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Dogecoin drops to $0.068, 57% volume surge, long liquidations $8.2 M; see key levels and what could trigger a rebound.
Dogecoin slipped to $0.068, breaching the $0.07 support that held since November 2023 and marking its lowest price of the year [1]. The move deepens bearish pressure and puts the meme coin on a path toward the $0.065 psychological support zone, a level that could trigger further selling if it fails to hold.
| At a glance | |
|---|---|
| Price | $0.068 |
| 24h change | –4.3% |
| Key level | $0.07 support broken |
| Catalyst | Broad crypto pullback and heavy long liquidations |
The broader crypto market slump accelerated Dogecoin’s decline, with trading volume jumping 57% to $866 million—a clear sign of heightened activity [1]. Leveraged traders rushed to cut exposure: CoinGlass reported $8.20 million in long positions liquidated in 24 hours, while short liquidations were under $0.6 million, indicating that bullish traders bore the brunt of the sell‑off [1]. Perpetual market data echo this imbalance; sell‑perps volume reached 493.04 million versus 426.535 million on the buy side, driving the buy‑sell delta to –66.505 million [1]. Futures outflows also outpaced inflows, with net outflows of $94.46 million, a 361.34% swing that underscores capital exiting Dogecoin derivatives [1].
Technical indicators confirm the bearish tilt. The Relative Strength Index fell to 31.34, nudging the token into oversold territory and suggesting possible short‑term buying interest, though the momentum remains weak [1]. Spot netflow was negative at –$1.87 million, indicating more DOGE left exchanges than entered, which could provide a modest floor for price despite derivative pressure [1]. Across other reports, the RSI was reported near 21, reinforcing the view of strong downside momentum [2]. In addition, long‑to‑short ratios below 1.0 and negative funding rates (–0.003%) point to a market where short positions dominate, further weakening bullish bias [3].
Dogecoin’s $0.068 price is its lowest since October 2023, when it last traded near $0.069 [2]. The $0.07 support had previously acted as a barrier during earlier pullbacks, and its breach now aligns with a series of bearish technical readings across moving averages: the token sits below the 50‑day EMA ($0.081), the 100‑day EMA ($0.088) and the 200‑day EMA ($0.104) [3]. These layers of resistance suggest that any short‑term rebound would need to clear multiple thresholds before sustaining an uptrend.
Dogecoin’s slide below $0.07 highlights the fragility of meme‑coin rallies amid a broader market downturn, leaving the token’s near‑term trajectory hinged on whether it can stabilize above $0.065 or succumb to further downside pressure.
Coverage is mostly measured — 107 of 111 reports stay neutral.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 4 outlets · Jul 28, 2026 · How we report
Dogecoin is trading around $0.068–$0.069, having fallen below the $0.07 support level.
Yes, long positions faced $8.20 million in liquidations, while short liquidations were much lower, indicating traders are reducing bullish exposure.
The RSI is near oversold at 31.34, suggesting potential buying interest, but analysts also highlight resistance at $0.081 and possible further decline toward $0.065 if bearish pressure continues.
Metrics such as declining social dominance, negative funding rates, and a long‑to‑short ratio below one point to a bearish sentiment.
Some analysts cite bullish chart patterns and a possible breakout above $0.081, but broader market data currently favors continued downside risk.