📉 Price & market movements of DOGE
Today, DOGE dropped sharply by ~8%, after breaking the important support level of approximately 0.1495 USD — triggering a wave of sell-offs with high volume.
The current price fluctuates around 0.136-0.138 USD depending on the exchange, with a market capitalization of around ~21 billion USD.
DOGE is showing clear downward pressure: the price has fallen below important MA levels (such as the 100-hour MA), indicating a rather bleak short-term trend.
👉 In summary: DOGE is under selling pressure — the market is “dark” for this memecoin in the short term.
🧐 Current influencing factors & risks
Despite news about the emergence of an ETF for DOGE — meaning an effort to bring DOGE into a more professional investment channel — the actual inflow of funds remains quite modest. A recent report stated that the ETF only attracted “modest inflows” and is not strong enough to push prices up.
In the context of the broader crypto market being weak — Bitcoin and many other large coins are down — DOGE struggles to hold steady as it often depends on the general market sentiment.
Whale / large holder behavior is unclear — without strong accumulation, DOGE is vulnerable to significant sell-offs at any time.$DOGE
