Dogecoin price stabilized near $0.13 after a derivatives-driven shakeout hit the broader crypto market on Dec. 16–17, triggering more than $650 million in leveraged liquidations. DOGE avoided a significant downside during the selloff, even as its late-November launch of a DOGE spot ETF drew limited institutional interest, according to data.
The key factor behind its resilience was limited exposure to forced liquidations. During the event, Ethereum absorbed $235 million in liquidations and Bitcoin $186 million, while DOGE saw just $12 million in long liquidations. That imbalance allowed DOGE to outperform on a relative basis as over-leveraged positions were flushed across the market.
At the same time, this resilience is supported by derivatives positioning. DOGE open interest has fallen roughly 70% since September, sharply reducing downside momentum during volatility spikes. In practical terms, fewer leveraged traders meant fewer cascading sell orders when prices dipped, allowing the DOGE price to consolidate rather than capitulate.
DOGE ETFs Struggle to Attract Institutional Capital
Institutional signals remain muted. According to data from SoSoValue, U.S. Dogecoin spot ETFs launched on Nov. 30 have attracted just $2.16 million in cumulative net inflows, with total net assets sitting near $5.41 million, equivalent to roughly 0.03% of DOGE’s market capitalization.
Trading activity has also been thin, with total value traded of about $49,000, suggesting the lack of sustained institutional participation. Data also show the DOGE ETF attracted $0.00 in daily total net inflow on Dec 16, as Solana saw $3.64 million and Chainlink ETFs saw $1.38 million in the same period.
The muted response shows that DOGE still depends on retail speculation instead of structural capital flows.
Dogecoin Price Prediction: What the Market Is Signaling Next
Dogecoin is hovering around $0.13 and going nowhere fast. Price action has flattened into a tight range, with buyers repeatedly stepping in around the $0.128–$0.13 zone in the past hours. That area has become the market’s near-term line in the sand.
A clear break below $0.12 would change the picture, signaling that support has failed and opening the door to a deeper pullback toward earlier consolidation levels.
On the upside, resistance is layered and well-defined. DOGE continues to trade within a descending channel, as highlighted by analyst Don to his 228k followers on X, keeping rallies capped unless price can reclaim the upper boundary of that structure.
A sustained move above $0.15 signals a short-term momentum shift, potentially reaching the $0.18–$0.20 zone where selling pressure intensified earlier. Trend confirmation requires a volume increase.
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