Dogecoin Price at Risk of Losing $0.10 as Volume Drops 7%
Analysis
Price Impact
HighDogecoin is at significant risk due to falling trading volume, negative market sentiment across altcoins, declining open interest, and a lack of substantial liquidity from its etf products. this confluence of factors puts strong downward pressure on its price, potentially breaking key support levels.
Trustworthiness
HighThe analysis is based on observable market data (trading volume, open interest, etf inflows) from a recognized crypto news source, providing a solid foundation for the assessment of market dynamics.
Price Direction
BearishThe article highlights a significant drop in daily trading volume (7%), negative open interest trends, and overall negative sentiment in the altcoin market. with a risk of losing the $0.10 support level and limited positive catalysts (weak etf performance), the short-term price direction is strongly bearish.
Time Effect
ShortThe analysis explicitly refers to a 'waning short-term outlook' and 'risk of short-term price slippage,' indicating an immediate to near-term bearish pressure.
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Article Content:
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News The Dogecoin (DOGE) price is buckling under the weight of falling crypto market sentiment. In a unique twist, the leading meme coin is currently changing hands for $0.1011, down 2.25% in the past 24 hours, per CoinMarketCap data . With a new wave of sell-off on the altcoin market, the chances that the Dogecoin price will test the weekly low remain high. Advertisement Dogecoin price at risk of more sell-off? Sentiment on the altcoin market is highly negative at the moment, as total altcoin volume has fallen by over 50%. Dogecoin is particularly susceptible to a sell-off, as key metrics like daily trading volume have fallen by 7%, a sign of a waning short-term outlook. Dogecoin has a very rich history of adapting to market trends, exhibiting more volatility in relation to Bitcoin. According to open interest data over the past few months, there is hardly any stability on the DOGE market. Futures market traders are always switching sides, in line with spot market trends. In early February, Dogecoin open interest jumped by 12% in 24 hours, a move that sent a positive projection to the meme coin’s traders. Current open interest trend is negative, aligning with the grand bearish outlook of the broader market. You Might Also Like Wed, 02/18/2026 - 15:28 Bloomberg Strategist Mike McGlone Forecasts Possible Bitcoin Correction to $28,000 By Gamza Khanzadaev Dogecoin ETF not adding momentum While the broader crypto market is pushing for a rebound, the potential growth catalysts for Dogecoin are significantly limited. Dogecoin ETF products have not lived up to their potential since their launch, raking in just $6,670,000. This figure pales in comparison to the XRP ETF that has now bagged a total inflow of $1.23 billion. Notably, with ETF not providing the required liquidity to trigger scarcity, the rebound potential of Dogecoin remains quite limited. The digital currency might be at risk of short-term price slippage, but support from personalities like Elon Musk remains a major attraction for the coin. #Dogecoin