Why did DOGEUSD Dogecoin drop 11.06% today?

DOGEUSD declined due to profit-taking and broader crypto market weakness. Trading volume surged to 1.54x average levels, indicating active selling pressure. The cryptocurrency broke below key moving averages, triggering additional liquidations from leveraged traders.

What is the technical outlook for DOGEUSD Dogecoin?

The ADX at 35.25 confirms a strong downtrend, while RSI at 50.24 is neutral. Bollinger Bands show support at $0.1100 and resistance at $0.1500. MACD is at a neutral inflection point, suggesting potential momentum shift ahead.

What is the price forecast for DOGEUSD?

Monthly and quarterly forecasts target $0.01, while the yearly forecast reaches $0.3059, representing a 193.7% gain. Three-year projections show $0.4235. These forecasts assume market stabilization and recovery through 2026.

Where is support for DOGEUSD Dogecoin?

Immediate support sits at the Bollinger Band lower band of $0.1100. The day's low of $0.09455 represents secondary support. The 50-day moving average at $0.13224 serves as intermediate resistance for potential recovery.

Is DOGEUSD oversold right now?

The RSI at 50.24 indicates neutral conditions, not oversold. However, the MFI at 43.01 and negative OBV suggest capital is flowing out. A break below $0.1100 support could accelerate selling further.

Crypto Insights

DOGEUSD Dogecoin Slides 11.06% as RSI Signals Oversold Conditions

ByHuzaifa Zahoor February 6, 2026February 6, 2026

Dogecoin USD (DOGEUSD) is experiencing significant downward pressure, with the cryptocurrency sliding 11.06% as of February 5, 2026. The digital asset trades at $0.10414, down from its previous close of $0.11709. Market participants are closely monitoring technical indicators to determine whether this decline represents a temporary pullback or the start of a deeper correction. Understanding the current technical setup and market sentiment around DOGEUSD is essential for anyone tracking this major cryptocurrency’s near-term direction.