Dogecoin (DOGE) fell to the $0.10 support level, reaching its weakest price in three months amid a broader crypto market downturn. DOGE’s technical deterioration and the evaporation of open interest in futures suggest that market appetite for the meme token has significantly diminished.
Dogecoin (DOGE) tested a technical level around $0.10 as Bitcoin fell below $67,000. Meanwhile, the crypto market as a whole lost nearly $1 billion since mid-January. The correction was widespread: relevant altcoins like XRP and Ethereum saw sharp declines, with XRP falling by around 15% and ETH dropping to levels not seen since May 2015.
From a technical perspective, analysts pointed to clear bearish signals for DOGE. A collapse in open interest in the token’s futures was observed, along with the formation of a so-called “death cross,” a pattern often interpreted as confirmation of a sustained short-term downtrend. These indicators reinforced the reading of structural weakness in the price.
The short-term models cited in the analyses placed DOGE within a consolidation zone for February 2026, with an approximate range between $0.093 and $0.11. Some scenarios considered a temporary technical ceiling near $0.134 and a floor around $0.103, while daily projections for the second half of the month clustered around $0.126–0.129, suggesting fragile and short-lived support.
Dogecoin Market Correction and Survival Criteria
The report framed DOGE’s decline as part of a broader structural correction in the memecoin segment. The data showed that 2025 was a year of massive purging: approximately 11.6 million tokens ceased to exist, with a particularly intense wave in October 2025 that eliminated nearly 7.7 million additional projects. This process reflected a combination of low liquidity, extreme speculative flows, and a lack of fundamentals.
In this context, the analysis identified clear survival criteria. Projects most likely to endure are those that combine tangible utility, resilient communities, and deep liquidity on established exchanges. In the absence of these conditions, some memecoins face severe devaluation risks; in fact, a scenario in which DOGE falls below $0.01 later in 2026 was described as plausible under prolonged market stress.
For traders, custodians, and trading desks, the current environment significantly increases operational risks. Reduced open interest and market depth increase slippage and amplify losses on leveraged positions, especially during periods of volatility. For retail investors, the correction once again highlights the dangers of allocating capital to assets without clearly defined use cases.
Looking ahead, analysts recommend prioritizing monitoring liquidity metrics, exchange health, and custody practices over purely speculative narratives. If macroeconomic and financing conditions stabilize, short-term technical rebounds cannot be ruled out. However, in the absence of structural improvement, the analysis suggests that memecoins lacking fundamental utility could face sustained downward pressure throughout 2026.
