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Dogecoin steadies at $0.07 after Billy Markus’ Vegas Loop payment, amid $604 million liquidations and falling open interest.
Dogecoin (DOGE) hovered just above the $0.07 support level, slipping 3.57% in the last 24 hours while co‑founder Billy Markus highlighted his recent Vegas Loop ride paid in DOGE as “the most crypto thing” he’s done [1].
| At a glance | |
|---|---|
| Price | $0.07 |
| 24h change | –3.57% |
| Support level | $0.07 floor |
| Catalyst | Markus’ DOGE Loop payment & market sell‑off |
Markus, who posts as Shibetoshi Nakamoto, replied to iTrustCapital’s weekend prompt by confirming he bought a Las Vegas Loop ride with DOGE, recalling the Boring Company’s 2022 decision to accept the token via BitPay [2][3]. The anecdote resurfaced as DOGE traded near $0.07, up 0.3% over the prior day [2]. While the payment itself did not move the market, it underscored a rare real‑world use case for the meme‑coin, originally launched in late 2013 [5][4].
The price action unfolded amid a broader crypto sell‑off that erased roughly $604 million in liquidations, a factor cited as weighing on risk assets including DOGE [1][3]. Futures open interest has contracted alongside the price decline, indicating leveraged longs are exiting positions [2]. Should DOGE break below the $0.07 floor, analysts note the $0.064‑$0.068 band could become the next support zone, while a decisive move above $0.08 would signal a return to earlier resistance [2].
Dogecoin’s supply remains abundant, with no scheduled large unlocks mentioned in the sources. The primary on‑chain narrative centers on its utility: the Vegas Loop payment demonstrates that DOGE can settle micro‑transactions in a physical transit system, echoing its broader use for tips, charitable donations, and everyday payments [4].
Dogecoin’s ability to maintain its $0.07 floor despite a sharp market sell‑off highlights the token’s resilience, but its future price trajectory will hinge on whether real‑world utility like the Vegas Loop payment can translate into sustained demand.
Coverage is mostly measured — 116 of 119 reports stay neutral.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 5 outlets · Jul 30, 2026 · How we report
Dogecoin is trading around $0.07, with recent quotes near $0.07270 and a session low of about $0.0693.
The MACD flashed a buy signal, while the Bull Bear Power indicator showed a sell signal; the TD Sequential generated buy signals across multiple timeframes according to analysts.
Spot Dogecoin ETFs recorded a net inflow of $345,130 on July 21, their first inflow since June 17, but the inflows fell back to zero by July 23.
Key resistance levels include $0.07 (now acting as resistance), $0.073 (20‑day EMA), $0.078 (50‑day EMA), $0.087 (100‑day EMA), and $0.103 (200‑day EMA).
Some view Dogecoin as the benchmark for meme coins, accounting for nearly half of meme‑coin market cap, while others caution that meme tokens carry higher risk and often underperform.