The Dogecoin price slipped to around $0.149 today, extending a soft 24-hour decline amid fading demand for the DOGE ETF and a weak rebound attempt.
Despite a brief recovery earlier in the week, DOGE price couldn’t hold momentum, and the market’s reaction to the new spot ETF is turning into the main story.
DOGE ETF Inflows Collapse
Grayscale’s spot Dogecoin ETF (GDOG) posted just $365,000 in net inflows on its second day (Nov 28), an 80% collapse from its $1.8 million debut.
For context, spot XRP ETFs saw $243M on day one, and spot SOL ETFs drew $117M on day one.
This sharp drop shows that institutions aren’t buying the Dogecoin value story yet. Without sustained inflows, the ETF cannot serve as a reliable price catalyst, leaving retail traders to carry the market alone. That reduces conviction and makes every rally fragile.
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Dogecoin Price Stuck in a Tight Range, But Analysts Flag a Larger Pattern
Dogecoin price is trading near $0.1493, unable to break back above the $0.151–$0.155 band where sellers have repeatedly stepped in. The short-term trend remains soft, despite rising volume and earlier attempts to rebound. RSI sits in a neutral-to-weak zone, confirming cooling momentum.
Two widely followed traders highlighted the broader structure around the Dogecoin price and what it could mean if the larger cycle holds.
From the Bitcoinsensus view, DOGE has been moving in repeating “accumulation → breakout” phases across multiple years. Their chart marks three major accumulation zones, each followed by a sharp wave higher.
They argue that the current consolidation resembles earlier setups, and if the pattern continues, DOGE could be positioning for its next major expansion phase. It’s a long-term framework, not a short-term trigger, but it reinforces how well-defined Dogecoin’s cyclical behavior has been.
In Javon Marks’ analysis, the focus is on the shorter term: he identifies a sustained break above a multi-month descending trendline. He maintains an upside target at $0.6533, which is more than 300% above current prices.
His view is that Dogecoin price has already completed the breakdown-and-recovery structure needed to confirm a bullish reversal, with room for a 100%–170% recovery move before attempting the larger target. For now, his chart signals DOGE still holds its breakout structure despite the recent pullback.
That said, without renewed demand, especially from ETF flows, the technical setups will need stronger confirmation to play out.
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