Dogecoin price is weakening near $0.14, increasing the risk of a drop toward the $0.10 support zone.
Bearish derivatives data and high leverage suggest traders expect more downside in DOGE.
Dogecoin ETF news adds attention, but has not yet created strong or lasting buying pressure.
Dogecoin has entered a weak phase again as selling pressure slowly builds across the market. After trading around the mid-$0.14 range in mid-January 2026, price action shows clear hesitation from buyers. Even though short rallies still appear, the overall direction has started to lean bearish. Many traders now closely watch the $0.10 level, as it remains one of the most discussed downside targets.
The current market mood is cautious. Risk appetite across crypto is lower compared to previous months, and meme coins like Dogecoin usually feel that pressure first. While sudden hype can still move prices quickly, the strength behind those moves has been fading faster than before.
Dogecoin recently saw a short rally of nearly 9 percent during mid-January, briefly pushing the price higher after breaking a small downtrend. Trading volume also increased during that move, showing active participation. However, the rally did not hold for long. Sellers stepped back in as the price struggled to stay above the mid-$0.15 area.
DOGE trades close to $0.148 at the time of observation, fluctuating with sharp intraday swings. These fast moves suggest uncertainty rather than confidence. Buyers appear cautious, while sellers use every bounce as a chance to exit positions. This kind of behavior often shows a market that is slowly preparing for another leg down.
One reason bears are gaining strength is the lack of follow-through after bullish news. There has been renewed discussion of a possible Dogecoin ETF from 21Shares, with reports pointing to a final prospectus and a possible ticker, TDOG. Normally, ETF news brings long-term optimism. In this case, the DOGE price reaction stayed limited.
Markets often react strongly before real demand shows up. When expectations get too high, disappointment follows if actual inflows are small or delayed. This has kept many traders from fully committing on the long side.
Dogecoin still depends heavily on attention and sentiment. Without constant hype, the price tends to drift lower. Recent weeks have shown that attention alone is no longer enough to keep prices elevated.
Also Read: Dogecoin (DOGE) May Hit a New Low in Early 2026: Here’s Why
From a technical view, the $0.10 level is important mainly as it is a strong psychological zone. In late December, Dogecoin already traded near the low-$0.12 range. That shows lower prices are not unrealistic in the current cycle.
If DOGE fails to hold the mid-$0.14 support, the next likely stop becomes the $0.12 area. From there, a break could open the door toward $0.10. Such moves usually happen step by step, not in one straight drop. Each failed bounce weakens confidence more.
On the other side, the bearish outlook would soften if the price manages to hold above $0.15 and form higher lows. So far, that structure has not appeared clearly, keeping downside risks alive.
Leverage markets are also playing a role. Current derivatives data shows open interest around $1.81 billion, which is high for Dogecoin. This means many traders are using leverage, increasing the chance of fast liquidations when the price moves sharply.
Funding rates have also turned negative at times. This suggests more traders are betting on prices going down than up. While negative funding can sometimes lead to short squeezes, it more often reflects bearish expectations during weak market phases.
When leverage builds without strong spot buying, markets become fragile. Even small drops can trigger forced selling, pushing prices lower faster than expected.
Large transfers of Dogecoin between wallets have also added to nervous sentiment. Reports showed hundreds of millions of DOGE moving during recent dips. These transfers do not always signal a sale, but during uncertain times, they make traders uneasy.
On-chain activity has not shown a strong rise during recent price increases. Active address growth and usage metrics stayed relatively flat. When network activity fails to rise with price, rallies often lose strength quickly.
This creates the feeling that recent moves were more speculative than organic, making them easier to reverse.
Also Read: Will Dogecoin Bounce Back After Whales Dump 150 Million DOGE?
Dogecoin’s supply structure remains another concern for bears. Around five billion new DOGE are added to circulation every year. This constant supply increase requires steady demand just to keep prices stable.
In bullish market conditions, this is less of an issue. But in risk-off periods, it becomes more visible. Without fresh inflows, ongoing issuance slowly adds pressure on prices, especially when traders are already uncertain.
As Dogecoin is not capped like some other assets, long-term holding sentiment can weaken during prolonged downturns.
A move toward $0.10 becomes more likely if three things happen together. This can occur when the price fails to hold the mid-$0.14 region and breaks down toward $0.12 again. It can also occur if derivatives sentiment stays negative without strong spot buying. The wider crypto market might see another pullback, which could reduce interest in high-risk meme coins.
If these conditions line up, $0.10 becomes a natural target for traders and investors. It is on both a technical and psychological level, where many expect strong reactions.
Dogecoin remains known for sudden reversals. A burst of attention or real demand linked to ETF developments could slow or even stop the decline. Until then, bears appear to have the upper hand, and the $0.10 question stays very much alive.
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1. Is Dogecoin likely to fall to $0.10?
A drop to $0.10 is possible if DOGE fails to hold $0.14 and the broader crypto market stays weak.
2. Why is Dogecoin turning bearish now?
Low buying strength, negative funding rates, and fading hype are pushing sellers to take control.
3. Does Dogecoin ETF news support the price?
ETF news improves sentiment, but so far it has not led to strong price recovery.
4. Are whales selling Dogecoin?
Large DOGE transfers were seen recently, which increases fear, but they do not always confirm selling.
5. Can Dogecoin still recover quickly?
Yes, DOGE is known for sudden rallies if market sentiment or attention shifts fast.