Dogecoin price slips 11%: What’s next as $1B exits DOGE?

ambcryptoPublished on 2026-02-06Last updated on 2026-02-06

Abstract

Dogecoin (DOGE) experienced a significant decline, dropping 11.4% to trade at $0.09064 and breaching the critical $0.10 support level. The memecoin fell to August 2024 lows around $0.08, causing over $1 billion to exit its market cap. Market sentiment turned bearish, with sellers dominating spot markets and a negative buy-sell delta of 400 million. Futures data showed outflows of $2.22 billion versus $2.18 billion in inflows, and open interest declined by 16.7%, indicating reduced leverage and aggressive position closures. The Stochastic RSI fell to 13.70, reflecting strong downward momentum. If selling continues, DOGE could retest $0.08. For a reversal, bulls need to reclaim the $0.11 resistance level.

Dogecoin [DOGE] extended its slip below $0.1, its critical support zone. The memecoin breached $0.09 and dipped to August 2024 lows around $0.08 before rebounding to $0.093.

At press time, DOGE traded at $0.09064, down 11.4% on the daily charts. Over the same period, the memecoin market cap fell by more than $1 billion, reflecting substantial outflows.

Dogecoin faces bearishness

DOGE exhibited stubborn weakness as the market shifted entirely bearish, and traders aggressively liquidated their positions.

On the spot side, for example, the market exhibited total seller dominance. According to Coinalyze data, the memecoin recorded 3.1 billion in Sell Volume between the 5th and 6th of February.

Over the same period, the memecoin recorded 2.6 billion in Buy Volume, leaving the market with a negative delta of 400 million.

Often, a negative buy-sell delta suggests that sellers have the upper hand in the market and that their attempts have been futile.

A sustained period of increased selling activity intensifies downward pressure, often a prelude to lower prices, as recently observed.

On the futures side, traders aggressively closed their positions as they derisked and deleveraged. CoinGlass data showed that Dogecoin recorded $2.22 billion in Futures outflows compared to $2.18 billion in inflows.

At press time, the memecoin’s Futures Netflow stood at -$39 million, improving from the previously recorded -$88 million. This increase in outflows indicates that many futures market participants closed their positions, either to limit losses or secure profits.

In fact, Open Interest declined 16.7% to $986.39 million, reflecting reduced market leverage, a clear bearish signal.

Can DOGE bulls reclaim $0.1?

Dogecoin strengthened its position below $0.1, as every market participant turned bearish and aggressively closed their positions.

As a result, the downward momentum strengthened, as evidenced by the Stochastic RSI. This momentum indicator fell further into the bearish zone, hitting 13 .70 as of writing.

A momentum indicator at such low levels suggested intense downward pressure, with sellers exerting total control over the market.

At the same time, the memecoin traded below its short- and long-term Moving Averages (EMAs), further confirming downward momentum.

These market conditions leave DOGE in a weakened position, risking further price losses. Thus, if sellers continue to offload, DOGE will likely drop towards $0.08 again.

For a meaningful trend reversal, bulls must increase buying pressure and reclaim the EMA20 at $0.11, setting the stage for a move towards $0.12.

Final Thoughts

  • DOGE continued its bearish streak, breached $0.09 slevel and fell to August 2024 lows of $0.08
  • Dogecoin weakness persisted as investors across the market aggressively closed positions.

Related Questions

QWhat was the percentage drop in Dogecoin's price and to what level did it fall before rebounding?

ADogecoin's price dropped by 11.4%, falling to August 2024 lows around $0.08 before rebounding to $0.093.

QHow much value did the overall memecoin market cap lose, and what does this reflect?

AThe overall memecoin market cap fell by more than $1 billion, reflecting substantial outflows from the market.

QWhat does the negative buy-sell delta of 400 million for DOGE indicate about the market?

AA negative buy-sell delta of 400 million suggests that sellers have the upper hand in the market and that buying attempts have been futile, intensifying downward pressure on the price.

QWhat does the decline in Open Interest and the negative Futures Netflow signify for Dogecoin?

AThe 16.7% decline in Open Interest to $986.39 million and a negative Futures Netflow of -$39 million indicate that traders are aggressively closing their positions to limit losses or secure profits, which is a clear bearish signal reflecting reduced market leverage.

QWhat two key price levels are identified as critical for DOGE's next potential price movement?

AIf selling continues, DOGE risks dropping back toward the $0.08 support level. For a meaningful trend reversal, bulls need to reclaim the EMA20 at $0.11 to set the stage for a move towards $0.12.

Related Reads

The Gold Buy-on-the-Dip Guide: Watch Interest Rates, Not Just War

"Gold Buying Guide: Focus on Interest Rates, Not Just War" Four months ago, gold buyers likely didn't anticipate buying at a peak that even a war couldn't sustain. After hitting a record high of $5,596 on January 29, gold entered a bear market just 91 days later, its fastest decline since 2008. A key trigger was the Fed's hawkish shift, highlighting that monetary policy, not geopolitics, is the primary driver. The article argues that the traditional "buy gold in turmoil" script has changed. While the US-Iran conflict initially boosted prices, the sustained rally in oil prices heightened inflation fears, forcing central banks to maintain or consider tighter policy. Since gold yields no interest, higher rates increase its opportunity cost, eroding its appeal. This dynamic was evident when gold fell sharply on May 18 despite positive peace talks, as lower oil prices eased inflation and thus rate hike pressures. The recent sell-off is also part of a broader market deleveraging. Correlations between gold, Nasdaq, and Bitcoin spiked as leveraged investors sold liquid assets to cover losses, creating a synchronized downturn. Historically, gold bottoms align with policy shifts, not conflict resolutions. The 2008 and 2022 bear markets ended with shifts to extreme easing and peak inflation expectations, respectively. For potential buyers, the author suggests monitoring three signals: 1) Peak interest rate hike expectations, 2) Reopening of the Strait of Hormuz (to ease oil/inflation pressure), and 3) A return to net inflows for Gold ETFs, indicating the end of forced selling. While predicting the exact bottom is impossible, the author's personal strategy involves scaling into a position across price levels like $4000, $3700, and $3500, committing no more than 30% of the intended total allocation initially, and adding the remainder only if key signals emerge. The core conclusion: In turbulent times, watching interest rates is more crucial than watching wars.

marsbit9m ago

The Gold Buy-on-the-Dip Guide: Watch Interest Rates, Not Just War

marsbit9m ago

Recent On-Chain Review: No Clear Narrative Under U.S. Stock Market Pressure, Just Hype

This article analyzes the current state of the Solana meme coin and community token ecosystem, highlighting a market caught between two dominant forces: attention-based PvP and a gradual return to community-centric projects. The first part explores the "Attention PvP" dynamic, where success is driven by celebrity endorsements, viral events, and speed. Examples include $JOTCHUA, which surged after its meme creator's social media activity, and $WORLDCUP, which outperformed a similar Base chain project ($PITCH) largely due to influencer support. The recent "pump.fun GO" feature, allowing bounty tasks for token promotion, is critiqued for fostering sensationalist and often negative stunts—like people getting token tickers tattooed on their bodies for rewards—reminiscent of old internet shock content. In contrast, the article points to a resurgence of organic, community-driven tokens that survive market volatility through strong holder bases and shared ideology, not just hype. Influencer Ansem is cited, arguing that durable meme coins rely on communities willing to endure losses and promote their core message daily. Examples given are older tokens like $neet (anti-work ethos), $troll, $buttcoin, and $triplet, which have maintained relative price stability. A prime example of this community-build model is the new project $KINS, the token for the browser-based MMORPG Kintara. Its success stems not from advanced graphics but from consistently delivering updates, fostering player trust, and creating genuine engagement (e.g., in-game economies, events, property auctions). It has attracted a growing player base and even notable KOLs as participants, demonstrating that sustainable growth can come from building trust rather than orchestrating pumps. The article concludes by questioning whether the market is ultimately a game of mutual trust or mutual deception, expressing hope that such reflection might lead to a healthier ecosystem.

marsbit9m ago

Recent On-Chain Review: No Clear Narrative Under U.S. Stock Market Pressure, Just Hype

marsbit9m ago

Teen Accused Of $13M Crypto Scam That Funded Miami Luxury

A Canadian teenager, Trenton Richard David Johnston, is accused of running a cryptocurrency fraud scheme from the Miami area, allegedly causing over $13 million in losses. The 19-year-old and unnamed co-conspirators are charged with posing as support representatives from a major search engine and crypto companies to gain access to victims' digital accounts and crypto wallets. He was indicted on charges of conspiracy to commit wire fraud and money laundering. Prosecutors allege that Johnston, along with co-defendant Brandon Michael Tardibone, laundered more than $1 million of the illicit funds to finance luxury vehicles, high-end jewelry, and an extravagant nightlife. Tardibone is additionally charged with harboring Johnston, who had overstayed his visa. Both defendants face up to 20 years in prison if convicted. The case is being prosecuted by the U.S. Attorney's Office for the Southern District of Florida.

bitcoinist14m ago

Teen Accused Of $13M Crypto Scam That Funded Miami Luxury

bitcoinist14m ago

On-Chain Scene on Opening Day: $20 Billion Already Staked, How Do On-Chain Contracts Know Who Wins?

On the opening day of the 2026 World Cup, over $2 billion had already been wagered on just the "tournament winner" contracts on platforms like Polymarket and Kalshi. This article explores how these blockchain-based prediction markets actually function once the games begin. It breaks down the massive volume and explains how single-game and tournament-long contracts are priced, with values moving between 1-99 cents to reflect implied probabilities. A key mechanism highlighted is "elimination zeroing," where a team's "champion yes" contract immediately settles to zero once they are mathematically eliminated. The core technical question answered is: how does a smart contract "know" who won a real-world match? The answer lies in oracles. The article details two primary paradigms: UMA's "optimistic oracle" (used by most of Polymarket), which allows a challenge period after a proposed result, and Chainlink's multi-source data aggregation (used by FIFA partners like ADI Predictstreet), which automates settlement with minimal dispute windows. Finally, the article injects a note of caution, citing research estimating that a significant portion of historical trading volume on these platforms might be "wash trading" to inflate numbers. It concludes by contrasting the legal status of these "event contracts" under CFTC rules in the U.S. versus traditional, state-regulated sports betting. As the tournament progresses, the real-time operation of this multi-billion dollar machine—its settlements, eliminations, and underlying mechanisms—becomes a story as compelling as the football itself.

marsbit25m ago

On-Chain Scene on Opening Day: $20 Billion Already Staked, How Do On-Chain Contracts Know Who Wins?

marsbit25m ago

Sequoia Dialogue with Jensen Huang: Computing Model Undergoes a 60-Year Transformation; You Won't Be Replaced by AI, But You Will Be Dimensionality-Reduced by 'Those Who Master AI'

NVIDIA founder and CEO Jensen Huang, in a conversation with Sequoia Capital's Konstantine Buhler, argues that we are witnessing the most significant computing shift in 60 years—from retrieval-based to generative computing. Instead of just storing and retrieving data, future systems will generate highly personalized content (text, images, video) on demand, powered by massive "AI factories." Huang envisions a global "intelligence network" that will envelop the planet, following the historical patterns of energy and communication grids. He outlines a five-layer investment framework: 1) Energy, 2) Chips/Computers, 3) Infrastructure (data centers), 4) AI Models, and 5) Applications. He predicts this ecosystem will reach a scale of $20 trillion annually. Crucially, Huang pushes back against fears of AI-driven job loss. He distinguishes between specific "tasks" (e.g., typing, analyzing images) and overall "jobs" (e.g., CEO, radiologist). While AI automates tasks, it increases efficiency and demand for the higher-value problem-solving aspects of professions, thus creating more jobs and "up-leveling" careers. The real risk, he asserts, is not being replaced by AI, but being outperformed by someone who effectively leverages it. He urges everyone to embrace AI as a tool for augmented capability and innovation.

marsbit1h ago

Sequoia Dialogue with Jensen Huang: Computing Model Undergoes a 60-Year Transformation; You Won't Be Replaced by AI, But You Will Be Dimensionality-Reduced by 'Those Who Master AI'

marsbit1h ago

Trading

Spot
Futures

Hot Articles

What is DOGE M

Doge Matrix ($doge m): The New Breed of Community-Driven Cryptocurrency Introduction In the ever-evolving landscape of cryptocurrency, new projects constantly emerge, each aiming to capture the interest of investors and enthusiasts alike. One of the latest entrants to this domain is Doge Matrix, represented by the ticker symbol $doge m. This project has attracted attention thanks to its roots in the popular meme culture surrounding Dogecoin, establishing its place within the web3 space. This article aims to provide a comprehensive analysis of Doge Matrix, covering its overview, creator, investors, functionality, timeline, and notable aspects. What is Doge Matrix ($doge m)? Doge Matrix is a community-driven cryptocurrency project that seemingly builds upon the widespread appeal of Dogecoin, a digital currency known for its Shiba Inu mascot and its meme origins. While the overarching objectives of Doge Matrix are not extensively defined, it is characterized by a commitment to harnessing community involvement and support. Unlike traditional cryptocurrencies that often emphasize utility or intrinsic value through underlying technologies, Doge Matrix positions itself within a space that embraces the cultural phenomenon of cryptocurrencies, particularly appealing to those who resonate with the ethos of meme-based assets. Drawing on the strengths of the Dogecoin community, Doge Matrix operates as part of a broader ecosystem, inviting participation and engagement from users who share an interest in cryptocurrency and the digital landscape. Who is the Creator of Doge Matrix ($doge m)? The identity of the creator of Doge Matrix remains unknown. This lack of transparency is not an uncommon occurrence in the cryptocurrency space, where some projects are launched without revealing the identities of their founders. The absence of information regarding the founding team can raise questions among potential investors about the project’s accountability and direction. Who are the Investors of Doge Matrix ($doge m)? As it stands, there is no publicly available information detailing the investors or investment foundations that back Doge Matrix. The project appears to rely primarily on community support rather than institutional investment. This model aligns with the community-driven nature of the initiative, fostering an environment where the direction of the project is shaped by its participants rather than being dictated by a select few financial backers. How Does Doge Matrix ($doge m) Work? The specifics regarding the operational mechanisms of Doge Matrix are somewhat vague, reflecting a broader trend of projects in the meme coin space where innovative functionalities are not always clearly articulated. Nonetheless, Doge Matrix seems designed to tap into the existing cryptocurrency ecosystem by encouraging user participation while tapping into the familiar cultural references associated with Dogecoin. Its potentially unique characteristics derive from community interactions rather than technological advancements, emphasizing shared experiences and collaboration among token holders. While the exact innovations have not been explicitly outlined, the project appears to create a space where community members can engage, share ideas, and propel the project's potential forward. Timeline of Doge Matrix ($doge m) Reflecting on the project’s timeline reveals notable events that have defined its journey thus far: November 25, 2024: Doge Matrix reached its all-time high value, marking a significant milestone in its early history. January 1, 2025: Conversely, Doge Matrix hit its all-time low value, illustrating the volatility often associated with cryptocurrencies, especially in the early stages of a project's lifecycle. Ongoing: The project continues to be actively traded and supported by its community, although specific future milestones or objectives have yet to be disclosed. Key Points About Doge Matrix ($doge m) Community Focus At the heart of Doge Matrix is a commitment to community engagement. The project thrives on the premise of collaboration and shared objectives among its members, emphasizing the importance of collective effort. Unlike centralized projects that often have a defined leadership structure, Doge Matrix at present showcases a more fluid approach to governance, where every community member's voice matters. Volatility The cryptocurrency market is notorious for its volatility, and Doge Matrix is no exception. Its price history reflects significant fluctuations between high and low values, which is typical of many new cryptocurrencies but underscores the risks associated with investment in emerging tokens. Lack of Detailed Information One of the most striking features about Doge Matrix is the scarcity of detailed information regarding its technological underpinnings and operational mechanisms. This ambiguity necessitates that potential investors conduct thorough due diligence before engaging with the project. Conclusion In summary, Doge Matrix ($doge m) illustrates a new wave of cryptocurrency projects that lean heavily on community engagement and cultural relevance. While lacking in certain specifics—such as clear leadership, defined objectives, and detailed functionality—the project has managed to generate interest within the crypto community, leveraging the established appeal of meme culture. As with any investment in the cryptocurrency space, understanding the inherent risks and conducting comprehensive research is essential for potential participants. Doge Matrix stands as a reminder of the dynamic, sometimes unpredictable nature of the crypto industry, marked by constant evolution and enthusiasm for community-driven initiatives.

3.7k Total ViewsPublished 2025.02.03Updated 2025.02.03

What is DOGE M

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of DOGE (DOGE) are presented below.

活动图片

Top Questions