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Dogecoin slid to $0.12 on Coinbase, a 7% drop, after a brief rally toward $0.20 amid growing speculation of a DOGE ETF.
Dogecoin (DOGE) tumbled 7% in a single session, sinking to $0.121 on Coinbase—the lowest level since the recent rally—while traders weigh renewed ETF speculation against a sharp sell‑off in broader crypto markets【1】.
| At a glance | |
|---|---|
| Price | $0.121 (Coinbase) |
| 24h Change | –7% |
| Key level | $0.136 (50‑day MA) resistance |
| Catalyst | Speculation of a DOGE ETF and market‑wide sell‑off |
The drop followed a brief surge that pushed DOGE up to $0.20 before reversing sharply. Volume surged 227% to $1.99 billion in spot markets, and derivatives volume jumped 169% to $4 billion, indicating heightened trading activity despite the price decline【1】. The rally was fueled by growing chatter about a potential DOGE exchange‑traded fund; Polymarket data cited in a separate report suggested a 51% chance of SEC approval by 2025, adding speculative upside to the meme coin’s price dynamics【3】.
Dogecoin’s price now sits below its 50‑day moving average at $0.136, a level that has acted as resistance in recent weeks. The hourly RSI has slipped under 30, flagging oversold conditions that could set the stage for a short‑term relief rally【1】. However, the coin has marked its sixth consecutive day of decline since Jan. 13, mirroring a similar downtrend observed in early January【1】. If the $0.121 low holds and DOGE can reclaim the $0.136 threshold, analysts point to next targets around $0.154 and $0.192【1】.
The sell‑off coincided with a $35.38 million liquidation of long positions in DOGE derivatives, suggesting that leveraged bets are being cleared from the market【1】. This “high‑volume liquidation flush” may precede a price reversal, as leverage is removed and market participants await a new base for price action【1】.
Dogecoin’s sharp dip underscores how speculative ETF hopes can amplify volatility in meme tokens, leaving the market to decide whether the current sell‑off is a temporary correction or the start of a longer bearish phase.
Coverage is mostly measured — 37 of 41 reports stay neutral.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jun 24, 2026 · How we report
Dogecoin is trading between roughly $0.08 and $0.10, according to recent market data.
The cryptocurrency is down about 87% from its all‑time high of $0.73 reached in May 2021.
Analysts note weak short‑term momentum, price below key resistance levels, and a risk of further decline toward support around $0.0776.
Some scenarios project Dogecoin could trade between $0.15 and $0.30 by the end of the decade if adoption grows strongly.
A hawkish Federal Reserve stance and broader risk‑off sentiment are cited as headwinds that could increase selling pressure on the token.