- Dogecoin price has formed a large head-and-shoulders pattern.
- Data shows that spot DOGE ETF inflows have stalled.
- The coin will likely have a strong bearish breakdown in the near term.
Dogecoin price has gone sideways this year, and technical analysis suggests it may be on the verge of a strong bearish breakdown. DOGE token was trading at the important support level of $0.100, within the range it has traded in over the past few weeks.
Dogecoin Price Weekly Chart Points to a Crash
The weekly chart shows that the DOGE coin price has been slowly forming a highly bearish chart pattern, which may lead to a strong sell-off in the coming days or weeks.
It has formed a head-and-shoulders pattern, a common bearish reversal pattern in technical analysis. In this case, the left shoulder was at $0.2262, the right shoulder was at $0.30, while its head was at $0.4895, its highest point in November 2025.
Dogecoin is now sitting at the neckline of this pattern, and the meme coin has also moved below the 50- and 100-week Exponential Moving Averages (EMAs), a sign that bears remain in control.
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The coin has also plunged below the Supertrend and the Ichimoku cloud indicators. Therefore, the most likely scenario is a strong bearish breakdown, potentially to the 2023 low of $0.049, its lowest level in 2022.
DOGE Price is Facing Some Major Risks
There are several reasons why the Dogecoin price may crash soon. First, there are signs that the Crypto Fear and Greed Index is losing momentum as it has dropped from the greed zone of 61 last week to the neutral level of 55. A steeper downtrend may lead to more sell-off among altcoins, especially a memecoin like DOGE.
Second, Dogecoin has not participated in the recent crypto market rally that pushed Bitcoin to its highest level in months. It moved from $60,000 to $78,000 as ETF inflows jumped. That is a sign that demand for the coin is thin
Additionally, spot DOGE ETFs have backfired as they have not added any inflows since April 15 this year. They hold only $11 million in assets, equivalent to 0.08% of their market capitalization.
BWOW by Bitwise has just $646k in assets. Unless these funds attract additional inflows, they are likely to be delisted over time. In contrast, Bitcoin ETFs have added over $2.4 billion this month alone.
Dogecoin’s daily traded volume and futures open interest, while high, remain below its recent highs. Its futures open interest has dropped to $1.2 billion, while its daily volume has moved to $940 million.
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