DOGE Underperforms Its Peers as a Failed Support Level Signals a Bearish Shift

Dogecoin is testing critical support at $0.150, with further declines likely if the level breaks.

DOGE dropped below $0.152 in a high-volume sell-off that erased last week’s stability, triggered by a collapse in ETF inflows and persistent selling pressure. Newly launched DOGE ETFs saw demand fall sharply from $1.8 million to just $365,420 — an 80% single-session decline — even as Bitcoin retested $92,000 and other high-beta altcoins rebounded.

The token significantly underperformed the broader market. While BNB, Solana, and Avalanche posted multi-percent gains, DOGE faced steady distribution, amplified by weak ETF demand and fading speculative flows. Historical meme coin patterns were evident as liquidity thinned just as key technical levels failed.

The break below $0.152 confirmed a shift from consolidation to a descending downtrend. Repeated failures to retest $0.155 and lower highs established a clear bearish structure, validated by a 265M surge in volume — 67% above average — signaling real structural weakness rather than a low-liquidity wick.

Momentum has turned decisively bearish. Fibonacci retracement zones between $0.1495 and $0.1478 now define the next potential support areas. Attempts to stabilize near $0.151 repeatedly failed, making it immediate resistance, while DOGE ended the session just above $0.150.

A breach of $0.150 would open the path to $0.1495 and then $0.147. To reverse course, DOGE must quickly reclaim $0.152; without that, sellers maintain control. ETF inflow disappointment adds to technical pressure, leaving price action highly sensitive to liquidity shifts, whale activity, and intraday Bitcoin movements.