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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 — 174 of 177 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
Institutional demand shows signs of return, with spot ETFs recording positive inflows, though some companies like CleanCore Solutions have divested their Dogecoin holdings.
Key support is frequently cited at $0.081, while resistance levels are identified near the 200-day EMA at $0.094–$0.095 and the $0.100 price point.
CleanCore Solutions sold its 463 million DOGE to fund a pivot from its previous business model toward AI infrastructure.
Market sentiment is mixed; while some analysts see bullish technical patterns, others point to a long-to-short ratio below 1 and whale selling as indicators of potential downside.