Is DOGE on track for a decline to a two-year low?
Some analysts think the downtrend could intensify and foresee a potential 50% crash.
A further dive?
On January 6, DOGE climbed to a local high above $0.15, but since then the bears have regained control and the stock is currently worth around $0.13 (according to CoinGecko data).
Renowned analyst Ali Martinez paid special attention to the price trend of the meme coin and assumed that if the selling continues, it could find support at $0.06 (down 53% from current levels). It’s worth noting that a drop of that magnitude would mark the lowest level in assets since November 2023.
The lack of serious interest in the spot DOGE ETF is also bad news for the bulls. Grayscale launched the first such product in the US late last year, while Bitwise followed shortly after.
According to data from SoSoValue, these investment vehicles have attracted less than $7 million in cumulative net inflows to date. The figure is quite disappointing and indicates that major players such as pension funds, hedge funds and asset managers remain reluctant to jump on the bandwagon.
By comparison, the spot XRP ETFs (which also hit the market in late 2025) have generated cumulative net inflows of over $1.22 billion.
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The bullish scenario
Contrary to Martinez’s pessimistic assumption, several other market observers believe DOGE’s price is on the verge of a major rebound. X user CryptoPulse outlined three key factors, including strong breakout volume, the formation of an RSI golden cross and MACD in a bullish zone, to predict that the meme coin could rise to $0.20-$0.21 in the short term.
Bitcoinsensus was even more optimistic. She argued that DOGE’s bull cycle is about to repeat, with a 900% rise to $1.80 expected.
Meanwhile, whales have been on a buying spree lately, which is certainly being interpreted as a positive element. CEO of X user revealed that major investors have collected almost 140 million DOGE (almost $20 million) in just twelve hours.
Continued efforts in the field reduce the circulating supply of the asset and may influence a price increase (should demand remain the same or increase). Furthermore, the whales’ actions may attract smaller players, who can distribute fresh capital into the ecosystem.
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