Why did DOGEUSD Dogecoin USD drop 11.06% today?

Sharp selling pressure combined with broader cryptocurrency market weakness drove the decline. Trading volume surged to 44.17 million, well above average, indicating aggressive liquidations and profit-taking across major exchanges on February 2, 2026.

What is the DOGEUSD price forecast for 2026?

The yearly forecast targets $0.3059, representing a 193.6% potential gain from current $0.10414 levels. This assumes market stabilization and positive catalysts throughout 2026. Monthly and quarterly forecasts show $0.01, though these appear disconnected from technical support levels.

Where is the next support level for Dogecoin USD?

The primary support sits at $0.1100, marked by the Bollinger Band lower level. If this breaks, the next support appears at the $0.09455 day low. The 50-day moving average at $0.13224 provides intermediate resistance above current prices.

Is DOGEUSD oversold or overbought right now?

RSI at 50.24 indicates neutral conditions, neither oversold nor overbought. However, Stochastic indicators at 65.46 and 74.71 suggest short-term overbought conditions, potentially signaling a technical bounce from current depressed levels.

What does the technical analysis say about Dogecoin?

ADX at 35.25 confirms a strong downtrend. MACD at 0.00 signals a potential momentum shift point. Price trades between Bollinger Bands at $0.1100 and $0.1500, with support forming near the lower band as selling pressure eases.

Crypto Insights

DOGEUSD Dogecoin Rebounds 4.34% as -11.06% Daily Decline Tests $0.0945 Floor

ByHuzaifa Zahoor February 3, 2026February 3, 2026

DOGEUSD Dogecoin USD experienced a sharp -11.06% daily decline as of February 2, 2026, pushing the price to $0.10414. Despite the pullback, market data reveals interesting technical signals emerging from oversold conditions. The cryptocurrency tested its $0.09455 day low before recovering slightly, suggesting potential support formation. With a market cap of $19.47 billion and trading volume at 44.17 million, Dogecoin remains one of the most actively traded digital assets. Understanding the technical backdrop and market dynamics becomes crucial for tracking this meme-based cryptocurrency’s next move.