Dogecoin is down 2% in the last 24 hours, and continues to trade in the red below $0.085 for the fourth consecutive day. The bearish performance comes as the broader crypto market attention shifts toward real-world utility tokens. The meme coin is struggling to attract retail momentum, even as occasional institutional inflows emerge after a prolonged period of inactivity. The momentum indicators also suggest that DOGE could record further losses in the near term. Retail weakness deepens as Open Interest falls DOGE is down 2% and could dip further over the next few hours or days if the current market conditions persist. Market data shows a clear decline in speculative interest around Dogecoin. CoinGlass data indicates that open interest has dropped 7% over the past 24 hours to $1.1 billion, signaling reduced trader participation and a more risk-averse stance. Liquidation figures also highlight bearish pressure, with $4.5 million in long positions wiped out compared to just $793,440 in shorts. Despite this, funding rates remain slightly positive at 0.0056%, suggesting some traders are still positioning for a rebound — though conviction appears weak. In addition to that, Dogecoin saw a small ETF inflow of approximately $200,580 on Wednesday after 10 days of zero inflows. However, analysts note that the inconsistency and relatively small size of these inflows have done little to improve retail sentiment or reverse the broader downward trend. Overall, demand remains subdued as capital rotation favors tokens tied to artificial intelligence, privacy, and real-world utility narratives. The hawkish outlook by the new Fed chair contributed to the broader cryptocurrency market’s bearish performance on Wednesday. If the broader market recovers, DOGE could rally higher in the near term. DOGE technical outlook points to continued bearish pressure The DOGE/USD 4-hour chart is bearish as Dogecoin has been down by more than 2% since Wednesday. From a technical standpoint, DOGE remains under pressure, trading below its 50-day, 100-day, and 200-day exponential moving averages. Price action reflects a breakdown from the $0.090 psychological level, with sellers maintaining control over recent sessions. The 4-hour Relative Strength Index (RSI) is hovering near 45, indicating weak demand but not yet deeply oversold conditions. Meanwhile, the MACD is flattening near its signal line, suggesting slowing downside momentum rather than a full reversal. If the bearish trend persists, sellers would encounter immediate support at $0.07766 — the February 6 low — followed by $0.0700 and $0.0641 if selling pressure continues. However, if the bulls regain control, resistance is located at $0.0900, followed by the 50-day EMA near $0.094 and the 100-day EMA around $0.0997. These levels continue to act as a strong overhead barrier, limiting recovery attempts. A decisive break above these levels could see DOGE reclaim the bullish narrative. The post Dogecoin price in danger zone as ETF inflow fails to stop the slide appeared first on Invezz
