Dogecoin latest news: price falls to $0.13904 with no relief in sight

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Dogecoin slides 4.73% today on selloff

Highlights

Grayscale secured NYSE Arca approval for its Dogecoin ETF (GDOG), expanding regulated financial products linked to Dogecoin for mainstream investors.
21Shares launched a leveraged 2x Long Dogecoin ETF on Nasdaq following its acquisition by FalconX, signaling additional planned crypto ETF offerings.
The introduction of these ETF products is increasing liquidity and visibility for Dogecoin, fueling renewed speculation in the broader meme coin sector.

ETF launches drive meme coin speculation amid rising liquidity

Grayscale received NYSE Arca approval for its Dogecoin ETF (GDOG), marking an expansion of regulated financial products tied to Dogecoin. 21Shares also launched a leveraged 2x Long Dogecoin ETF on Nasdaq after its acquisition by FalconX, with further crypto ETF expansion planned. Increased liquidity and visibility from these ETF products are contributing to renewed speculation in the meme coin sector.

Downtrend confirmed as bearish momentum and oversold signals converge

Momentum signals are strongly bearish as MACD stays negative and ADX on the daily is elevated, confirming a strong downtrend. Oscillators indicate oversold conditions: RSI is low at 32, Stochastic RSI is at zero, and CCI is deep in oversold territory. BBP remains negative, confirming clear seller dominance intraday, and the Awesome Oscillator also supports the bearish environment. Dogecoin opened slightly below the previous close, showing a modest gap down before sliding further by 4.73% and currently trades near today’s low, with volatility registering as high and a clear tone of persistent selling pressure throughout the session.

Price likely to drift lower as volatility and bearish forces persist

Looking ahead, the expected price range for the next five trading days is $0.132–$0.146, normalized to reflect the heightened volatility while keeping the current price within bounds. There is a very low probability (less than 20%) of a price increase, with a price decrease more likely, as all major weekly momentum and trend indicators remain bearish. The baseline scenario suggests sideways movement within the corridor, while a bullish scenario would require a breakout above $0.146, and a bearish scenario could see a decline below $0.132 if selling intensifies.

Viktoras Karapetjanc, expert at Traders Union, sees continued downside pressure for Dogecoin despite the recent ETF approvals. He notes that institutional steps like new ETF launches are boosting long-term visibility and sentiment for meme coins. However, bearish momentum and strong selling persist on all major timeframes. Karapetjanc believes a recovery will need trend indicators to reverse and clear resistance levels to break. "If selling momentum fades and volumes return on these regulated products, Dogecoin could find a solid base for future upside."

Last time we reported that Dogecoin was approaching a critical technical level as flow trends, derivatives positioning and technical indicators all tilted bearish. The article also highlighted that continued pressure beneath the descending trendline could force Dogecoin into a deeper reset if support was lost.

Source of Data: DOGE Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.