DOGE Slides 9% on Bitcoin Weakness, Raising Fears of Deeper Decline

Dogecoin Slides 8% as ETF Launches Fail to Spur Institutional Demand

Dogecoin (DOGE) fell nearly 8% after its critical $0.1495 support level broke, triggering a high-volume liquidation that dwarfed modest inflows from Grayscale and Bitwise ETFs, which totaled only $2.16 million in their first week.

The breach of $0.1495 marks a structural shift from consolidation to an active downtrend. DOGE traded 1.56 billion tokens during the sell-off—about 6.5× the daily average—indicating liquidation and algorithmic selling rather than retail volatility. The token dropped through a series of lower highs and lows, hitting the $0.1370 range.

Momentum remains deeply oversold, with no bullish divergence yet. Attempts to reclaim $0.1383 repeatedly failed, leaving DOGE consolidating between $0.1372 and $0.1383, suggesting temporary stabilization but favoring continued downside.

Key Takeaways:

• ETF inflows underwhelmed at $2.16M, falling short of expectations.
• Breakdown below $0.1495 signals a clear downtrend.
• Volume spike confirms institutional or algorithmic selling pressure.
• Resistance at $0.1383 remains firm; momentum is oversold.
• Consolidation near $0.1372–$0.1383 may be a pause, not a reversal.

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