Dogecoin Price – DOGE in a clear bearish spiral risks losing another battle for survival

أسواق الإمارات اليوم29 يونيو 2026

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Dogecoin extends losses on Monday, approaching a key support level near $0.0700.
Mixed derivative signals lean bearish amid broader market risk-off sentiment.
The technical outlook for DOGE highlights further downside as bearish momentum, though oversold, remains dominant.

Dogecoin (DOGE) price remains in an extended downward trend, as the broader market risk-off sentiment weighs down on DOGE derivatives. From a technical viewpoint, DOGE risks deeper corrections as bearish momentum remains dominant despite indicators flashing oversold conditions.

Broader market risk-off sentiment weighs down on DOGE

Bearish grip tightens over the broader crypto market with Bitcoin (BTC) struggling for direction below $60,000 and CoinMarketCap’s Fear and Greed Index around 15 on Monday, well into the “Extreme Fear” zone. CoinGlass data shows a steady decline in DOGE futures Open Interest (OI) to $957.74 million on Monday, down from $1.76 billion on May 15, suggesting a positional easing as traders derisk.

The funding rate of around 0.0029% on Monday remains volatile and near zero, suggesting a short-term bullish bias amid a broad mixed consensus among traders.

DOGE derivatives data. Source: CoinGlass

Will DOGE hold its ground at $0.070?

Dogecoin edges lower toward $0.0700 at press time on Thursday, extending a clear bearish trend for over six weeks. The 50- and 200-day Exponential Moving Averages (EMAs) at $0.0885 and $0.1111, respectively, coupled with a downward trendline near $0.0826, keep Dogecoin rallies contained.

Momentum indicators on the daily chart hint at persistent downside pressure. The Moving Average Convergence Divergence (MACD) is below its signal line in negative territory, reinforcing a bearish bias despite an oversold Relative Strength Index (RSI) near 23.

On the downside, immediate support emerges at $0.0700, with a deeper floor seen at $0.0642, where buyers would need to step in to prevent a more pronounced bearish continuation.