Dogecoin tumbled 9% Monday as Bitcoin weakness triggered liquidations across crypto markets, leaving the popular memecoin vulnerable to further declines.
Key Takeaways:
- Dogecoin (DOGE) breached a critical support at $0.1495, sliding toward $0.137 in a high-volume liquidation event, with roughly 1.56 billion tokens changing hands.
- New DOGE ETFs from Grayscale and Bitwise saw only $2.16 million in first-week inflows, undermining hopes for institutional demand to stabilize the memecoin.
- The decline came amid broader market deleveraging, as falling Bitcoin and Ethereum prices forced liquidation of leveraged long positions, which also affected smaller altcoins and memecoins.
Early Monday trading saw Dogecoin accelerate lower after failing to hold a long-standing support zone. Recent CoinDesk report emphasized the breakdown below $0.1495 triggered a concentrated liquidation event that drove DOGE toward the mid-$0.13 range, with one of the selling windows seeing roughly 1.56 billion tokens change hands, which is about 6.5 times of a typical day’s volume. This volume surge suggests algorithmic and forced selling, rather than a slow bleed driven solely by retail profit-taking.
Dogecoin price chart. Source: CoinMarketCap
Analysts and market experts reported that the selling window involved approximately 1.56 billion DOGE tokens, signaling an outsized move compared to normal trading patterns. “This isn’t a typical market correction,” one analyst noted. “It’s largely mechanical, forced liquidations amplified by Bitcoin weakness.”
Bitcoin Weakness Sparks Broader Crypto Liquidations
Dogecoin’s recent price decline reflects the broader crypto market’s downward trend, making Bitcoin the primary driver as it logged a noticeable drop to $86,000 from 24-hour high of $91,000. This has prompted heavy liquidations across crypto exchanges, totaling to over $630 million in 24 hours.
The connection between BTC moves and DOGE volatility underscores the memecoin’s sensitivity to crypto portfolio adjustments, especially among leveraged traders. Technical analysts highlight that failure to reclaim lost support near $0.1495 converts the level into immediate overhead resistance.
Market Snapshot: DOGE Vulnerable to Further Losses
As of this writing (11:00AM UTC), Dogecoin is trading at approximately $0.1373, reflecting significant price decline around 8.0% over the past 24 hours. According to CoinGecko’s live data, the token peaked intraday highs around $0.1505 before touching intraday lows near $0.1368, suggesting volatile market and sharp decline in the day.
Key support sits at $0.1370, with additional downside targets at $0.1320 if selling pressure continues. On the upside, reclaiming $0.1495–$0.1450 is necessary to signal stabilization. Traders are advised to monitor these technical levels closely, as volume-confirmed price action will likely determine the next phase of the market.
Institutional Flows Disappoint DOGE Bulls
Institutional demand had been a potential upside driver following the launch of DOGE ETFs by Grayscale and Bitwise. However, inflows totaling just $2.16 million during the first week suggest that institutional buyers have not yet embraced the memecoin as a viable allocation.
This limited adoption reinforces the short-term risk narrative: without strong ETF support, Dogecoin remains highly exposed to BTC-led selloffs and forced liquidations. Analysts suggest that the memecoin’s next movements will depend on both Bitcoin’s price trajectory and whether institutional flows pick up momentum.
What’s Next
Looking ahead, traders should watch $0.1370 as the immediate support, while $0.1495–$0.1450 functions as a critical resistance zone. If Bitcoin stabilizes and leveraged positions unwind, DOGE could see a technical rebound. Conversely, continued weakness in BTC and muted institutional demand could push the memecoin toward the $0.132–$0.135 range.
For investors, particularly those holding memecoins or leveraged crypto portfolios, careful risk management is essential. Monitoring volume-confirmed price movements and structural support levels will provide the clearest signals for potential entry or exit points.
Summary
Dogecoin fell about 9% after a breakdown below key support triggered a large liquidation event amid Bitcoin weakness, and with muted ETF inflows, analysts warn the memecoin remains vulnerable unless BTC stabilizes or institutional demand increases.
