DOGEUSD Dogecoin Drops 11.06% as $0.10 Support Tests Buyer Interest
DOGEUSD Dogecoin USD has declined sharply, dropping 11.06% as of February 1, 2026. The cryptocurrency now trades at $0.10414, testing critical support levels that could determine its near-term direction. Market data shows trading volume surged to 44.17 million, indicating heightened selling pressure. With a market cap of $19.47 billion and 168.22 billion shares outstanding, Dogecoin remains one of the most widely held digital assets. Understanding the technical setup and market sentiment around why DOGEUSD is dropping helps traders assess whether this decline represents a temporary pullback or the start of a deeper correction.
Why Is DOGEUSD Dogecoin Dropping Today
DOGEUSD Dogecoin USD has experienced significant selling pressure over the past week, with the price falling 6.61% in just five days. The broader crypto market faced headwinds as regulatory concerns and profit-taking weighed on sentiment. Relative volume reached 1.54x average, showing that today’s selling came with above-normal participation.
The 11.06% single-day decline marks one of the steeper moves in recent weeks. Year-to-date performance shows DOGEUSD down 8.56%, while the one-year change reflects a 65.07% decline from previous highs. This extended downtrend suggests that why DOGEUSD is dropping relates to both short-term technical weakness and longer-term consolidation after the 2024-2025 rally that saw prices reach $0.33222.
DOGEUSD Technical Analysis and Key Levels
The technical setup for DOGEUSD reveals mixed signals with some stabilizing factors. RSI sits at 50.24, indicating neutral momentum with neither overbought nor oversold conditions. MACD shows a flat signal at 0.00 with zero histogram, suggesting momentum has stalled rather than reversed sharply downward.
ADX measures 35.25, confirming a strong trend is in place, though the direction remains contested. Bollinger Bands show the upper band at $0.15, middle at $0.13, and lower band at $0.11. Current price of $0.10414 trades just below the lower band, historically a level where mean reversion often occurs. Support sits at the $0.11 lower Bollinger Band level, while resistance appears near the 50-day moving average at $0.13224.
DOGEUSD Price Forecast and Market Targets
Monthly forecasts for DOGEUSD suggest extreme caution, with models projecting $0.01 as a potential target if selling accelerates. This represents a 90% decline from current levels and reflects worst-case scenarios in the forecast data. Quarterly projections also show $0.01, indicating models see near-term consolidation risk.
Yearly forecasts paint a different picture, with DOGEUSD projected to reach $0.3059 by February 2027, implying a 194% gain from current prices. Three-year targets suggest $0.4235, while five-year models show $0.5404. These longer-term forecasts assume recovery from current support levels and renewed buying interest. Forecasts may change due to market conditions, regulations, or unexpected events.
Market Sentiment and Trading Activity Around DOGEUSD
Trading activity shows elevated volume at 44.17 million coins traded, compared to the 30-day average of 16.50 million. This 154% increase in relative volume indicates that today’s move came with conviction from sellers. Money Flow Index (MFI) sits at 43.01, suggesting moderate selling pressure without extreme capitulation.
Liquidation data and on-chain metrics reveal that short-term traders faced pressure as prices broke below key support levels. The negative OBV reading of -38.40 billion indicates that selling volume has outpaced buying volume over the recent period. Williams %R at -41.85 shows price action near recent lows but not at extreme oversold extremes, leaving room for further downside if support breaks.
Historical Context and Year-to-Date Performance
DOGEUSD has experienced a volatile 2026 so far, with the year-to-date decline of 8.56% following a strong 2025 that saw prices appreciate significantly. The 52-week high of $0.33222 set earlier in the cycle now appears distant as profit-taking and consolidation take hold. The 52-week low of $0.11205 provides a psychological floor that traders watch closely.
Price averages tell an important story: the 50-day moving average at $0.13224 sits 27% above current price, while the 200-day average at $0.18925 sits 82% above. This gap between short-term and long-term averages suggests DOGEUSD remains in a downtrend on intermediate timeframes. The three-year performance of +31.11% and five-year return of +311.02% show that long-term holders remain significantly profitable despite recent weakness.
What Traders Watch Next for DOGEUSD Recovery Signals
Support at $0.11 (lower Bollinger Band) represents the first critical level to watch. A break below this level could trigger further selling toward $0.09455, the day’s low. Conversely, a bounce from current levels with volume confirmation could signal a temporary bottom.
Resistance emerges at the 50-day moving average of $0.13224, followed by the upper Bollinger Band at $0.15. RSI would need to climb above 60 to show genuine momentum recovery. MACD would need to cross above its signal line to confirm bullish reversal. Until these technical conditions align, DOGEUSD remains vulnerable to further downside testing.
Final Thoughts
DOGEUSD Dogecoin USD has dropped 11.06% to $0.10414 as of February 1, 2026, testing critical support levels amid elevated trading volume. Technical analysis shows RSI neutral at 50.24, strong ADX trend at 35.25, and price trading just below the lower Bollinger Band at $0.11. The sharp decline reflects both short-term selling pressure and longer-term consolidation after the asset’s rally to $0.33222. Market sentiment shows elevated volume and negative OBV, indicating sellers have maintained control. Why DOGEUSD is dropping stems from a combination of profit-taking, broader market weakness, and technical breakdown below key moving averages. Traders should monitor support at $0.11 and watch for RSI and MACD signals to confirm any recovery attempt. Yearly forecasts suggest potential recovery to $0.3059, but near-term consolidation around current levels appears likely. The extended downtrend from 2024 highs suggests patience may be required before sustained buying pressure returns to DOGEUSD.
FAQs
DOGEUSD fell 11.06% due to elevated selling pressure, profit-taking, and technical breakdown below key moving averages. Relative volume surged to 1.54x average, indicating conviction from sellers. Broader market weakness and regulatory concerns also contributed to the decline in Dogecoin USD.
The primary support level sits at $0.11, marked by the lower Bollinger Band. A break below this level could trigger further selling toward $0.09455, the day’s low. The 50-day moving average at $0.13224 provides intermediate resistance above current price.
No, DOGEUSD is not oversold. RSI sits at 50.24, indicating neutral momentum. Williams %R at -41.85 shows price near recent lows but not at extreme oversold levels. This suggests room for further downside if support breaks.
Yearly forecasts project DOGEUSD reaching $0.3059 by February 2027, implying a 194% gain from current levels. However, near-term monthly and quarterly models show $0.01 targets, reflecting consolidation risk. Longer-term recovery depends on renewed buying interest.
DOGEUSD trades near the lower end of its 52-week range, with the high at $0.33222 and low at $0.11205. Current price of $0.10414 sits below the low, showing extended weakness. The 200-day moving average at $0.18925 remains 82% above current price.
Disclaimer:
Cryptocurrency markets are highly volatile. This content is for informational purposes only. The Forecast Prediction Model is provided for informational purposes only and should not be considered financial advice. Meyka AI PTY LTD provides market data and sentiment analysis, not financial advice. Always do your own research and consider consulting a licensed financial advisor before making investment decisions.
