Why did the price of DOGE fall?

Dogecoin (DOGE) dropped 7.7% in the last 24 hours, falling more than Bitcoin (-4.33%) and Ethereum (-5.21%) during a broad selloff in the crypto market this September. The main reasons include:

1. Overall market decline – The total cryptocurrency market value fell by 4.33%.
2. Weakness in meme coins – Liquidations of DOGE, SHIB, and PEPE surged by 112%.
3. Technical breakdown – DOGE’s price fell below a key support level at $0.23.
4. ETF delays – The SEC postponed decisions on Dogecoin ETFs until October.

Deep Dive

1. Crypto Market Decline (Negative Impact)

The entire cryptocurrency market lost $168 billion, a 4.33% drop in just one day. Dogecoin’s 7.7% decline reflects its close relationship with Bitcoin’s price movements. The Fear & Greed Index, which measures market sentiment, fell from 45 to 41, indicating a more cautious mood among investors. Additionally, $426 million worth of long positions (bets that prices will rise) were liquidated across the market. Dogecoin’s price tends to move closely with Bitcoin, showing a 0.91 correlation over the past 30 days (CoinMetrics), which helped amplify its losses.

2. Meme Coin Sector Weakness (Negative Impact)

Meme coins like Dogecoin, SHIB, and PEPE saw significant losses as investors moved their money to safer assets:

• SHIB dropped 9.1%
• PEPE fell 11.3%
• Open interest in DOGE futures (the total value of outstanding contracts) decreased by 8% to $1.34 billion
  Perpetual funding rates, which indicate trader sentiment, turned negative (-0.0358%), signaling that traders expect prices to continue falling (CoinGlass).

3. Technical Breakdown (Bearish Signal)

Dogecoin’s price fell below important technical support levels:

• $0.234, the 50-day exponential moving average (EMA)
• $0.226, the 61.8% Fibonacci retracement level (a key point traders watch for potential price reversals)
  The Relative Strength Index (RSI) over 7 days is at 36.45, suggesting the coin is oversold but not yet at extreme levels. The MACD histogram, a momentum indicator, is negative (-0.0044), confirming downward pressure. The next major support level is at $0.209, which was the low in June.

Conclusion

Dogecoin’s recent drop is driven by a mix of overall market weakness, outflows from meme coins, and technical factors signaling further downside. Although the oversold conditions might lead to a short-term bounce, the immediate trend remains bearish as long as DOGE stays below $0.234. The key level to watch is $0.209, especially with the SEC’s ETF decisions expected by September 30.

What could affect the price of DOGE?

Dogecoin’s price is caught between hopeful excitement from its meme status and some challenges that could slow it down.

1. Inflation Proposal (Mixed) – There’s a plan to cut block rewards by 90%, which would greatly reduce new Dogecoin entering the market, but it still needs agreement from the community.
2. ETF Momentum (Positive) – Spot Dogecoin ETFs might start trading by October 2025, similar to how Bitcoin and Ethereum ETFs brought more investment.
3. Whale Buying (Positive) – Large investors have recently bought over 1 billion DOGE near the $0.22 price level, showing confidence in this support area.

Deep Dive

1. Block Reward Reduction Proposal (Mixed Impact)

What’s Happening:
A proposal on Dogecoin’s official GitHub (Dogecoin Core #3776) suggests cutting the block reward from 10,000 DOGE to 1,000 DOGE. This would lower the yearly increase in Dogecoin supply from about 3.3% to 0.33%, making Dogecoin more scarce like Bitcoin. However, this could reduce miners’ earnings, which currently stand around $226,000 per day at $0.226 per DOGE.

Why It Matters:
Lower inflation can help increase Dogecoin’s value over time, but miners might resist if their rewards drop without a price increase. Looking at Litecoin’s 2015 halving, prices rose significantly after a year, but only with strong market support.

2. ETF Approval Timeline (Positive Impact)

What’s Happening:
The U.S. Securities and Exchange Commission (SEC) is expected to speed up ETF approvals starting September 2025. Rex-Osprey’s Dogecoin ETF (ticker: DOJE) is likely to be the first to launch. Other companies like Bitwise and 21Shares have updated their filings to meet SEC rules.

Why It Matters:
If approved, Dogecoin ETFs could attract large amounts of investment, similar to Bitcoin ETFs. For example, spot ETFs contributed to 63% of Bitcoin’s gains in 2024. If Dogecoin captures just 5% of Bitcoin ETF assets (around $150 billion), that would mean about $7.5 billion flowing into DOGE, which is 22% of its current market value.

3. Whale Activity & Technical Signals (Positive Near-Term)

What’s Happening:
Big investors, or “whales,” have bought over 1 billion DOGE (worth about $226 million) since August (IntoTheBlock). This buying happened near the $0.22 price support level. Technical indicators like RSI (Relative Strength Index) at 36.45 suggest DOGE is oversold, and MACD (Moving Average Convergence Divergence) shows bearish momentum weakening.

Why It Matters:
Similar whale buying in July 2025 led to a 17% price increase. The $0.22 to $0.20 range holds about $1.2 billion in buy orders, according to CoinGlass. If the price falls below this, it could trigger sell-offs, but strong support here might push prices back up to around $0.26.

Conclusion

Dogecoin’s future depends on whether ETF approvals can help offset broader market challenges, like the overall 7% weekly drop in global crypto market value. Keep an eye on the $0.22 support level and the SEC’s ETF decision expected by October 17. If big investors start seeing Dogecoin as a “blue-chip meme” asset, this could be the spark that helps it break out of its 2025 trading range.

What are people saying about DOGE?

The Dogecoin community is divided between hopeful excitement and cautious skepticism. Here’s what’s happening right now:

1. Big investors (“whales”) are betting on Dogecoin reaching $0.30
2. Rumors about a possible ETF approval are driving optimistic predictions
3. Technical analysis points to potential price drops

In-Depth Look

1. Whale Buying Points to Possible Rally 🐋 Positive Signal

"Over 200 billion DOGE bought in one week, aiming for $0.30 if resistance is broken"
– @johnmorganFL (1.2M followers · 850K views · August 16, 2025)
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What this means: Large investors buying Dogecoin between $0.22 and $0.247 shows confidence that the price could rise above current resistance levels. However, if the price falls below $0.2213, this optimistic outlook might not hold.

2. ETF Rumors Spark Mixed Reactions 📈 Uncertain Outlook

"Decision on DOGE ETF expected by October 2025 – 68% chance of approval according to Polymarket"
– @Investments_CEO (320K followers · 412K views · September 9, 2025)
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What this means: An ETF (Exchange-Traded Fund) approval could make Dogecoin more mainstream and boost its price. But if the ETF is rejected, it might cause investors to sell, leading to a price drop. This uncertainty keeps opinions divided.

3. Technical Warning of Possible Price Drop 🚨 Negative Signal

"Dogecoin faces a critical test at $0.208 – if it breaks down, price could fall to $0.17"
– @Bitcoinsensus (890K followers · 1.1M views · August 20, 2025)
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What this means: Repeated failures to rise above $0.225 and more investors betting on price drops than increases suggest weakening momentum. This could lead to a 15% decline in Dogecoin’s price.

Summary

The outlook for Dogecoin is mixed. On one hand, big investors and ETF speculation offer reasons for optimism. On the other, technical signals and market data warn of potential declines. Keep an eye on the SEC’s ETF decision timeline—approval could spark renewed interest and price gains, while rejection might confirm bearish trends.

What is the latest news about DOGE?

Dogecoin faces a mix of hopeful ETF news and market ups and downs as September’s volatility tests important price levels.

1. ETF Progress (September 23, 2025) – The SEC approved easier rules for altcoin ETFs, speeding up Dogecoin’s acceptance by big investors.
2. September Sell-Off (September 23, 2025) – DOGE dropped 7.8% amid a wider crypto market decline.
3. Grayscale’s ETF Effort (August 17, 2025) – Grayscale updated its Dogecoin Trust ETF filing, with the SEC expected to decide by October.

In-Depth Look

1. ETF Progress (September 23, 2025)

What happened:
On September 18, the SEC changed its rules to allow major stock exchanges to list crypto ETFs that meet basic requirements without needing individual approval. This led to quick launches of spot Dogecoin and XRP ETFs by mid-September. Experts say this is similar to how Bitcoin and Ethereum ETFs helped those coins gain acceptance among big investors.

Why it matters:
This is good news for Dogecoin because ETFs make it easier for regulated investors to put money into DOGE. However, how much people trade these ETFs early on will show how strong the demand really is. The SEC’s new process also opens the door for more altcoin ETFs in the future (CoinJar).

2. September Sell-Off (September 23, 2025)

What happened:
Dogecoin’s price fell 7.8% in one day, following Bitcoin’s drop below $113,000. The total crypto market value dropped 3.8% to $3.78 trillion. Market sentiment indicators moved from “Fear” to “Neutral,” showing cautious optimism. Technical signals suggest weak momentum right now.

Why it matters:
This points to short-term downward pressure on DOGE’s price. Still, Dogecoin has gained 41% over the past 90 days, showing some strength. Traders are watching the $0.21 price level closely—if DOGE falls below this, it could drop further toward $0.18 (Bitget).

3. Grayscale’s ETF Effort (August 17, 2025)

What happened:
Grayscale updated its filing to convert its Dogecoin Trust into a spot ETF. The SEC is expected to make a decision by October 2025. Analysts at Bloomberg estimate a 75% chance of approval.

Why it matters:
If approved, this would be a big boost for Dogecoin, confirming it as a mainstream investment option. However, competition from other altcoin ETFs like Solana and XRP might limit the impact (CoinMarketCap).

Conclusion

Dogecoin’s future depends on balancing growing interest from institutional investors through ETFs with the market’s current ups and downs. While ETFs help legitimize DOGE, short-term price swings remain a challenge. The key questions are whether Dogecoin’s large retail community will support these new institutional flows after ETFs launch, or if broader market pressures will take over. Keep an eye on the SEC’s October decision on Grayscale’s ETF and the $0.21 price support level.

What is expected in the development of DOGE?

Dogecoin’s roadmap is focused on practical upgrades and growing its ecosystem.

1. Ethereum Bridge & ZK-Rollups (2025) – Improving how Dogecoin works with decentralized finance (DeFi) and making transactions faster and cheaper.
2. RadioDoge Expansion (2025) – Bringing Dogecoin access to remote and unbanked areas using satellite technology.
3. Community Staking Proposal (TBD) – Introducing a system where holders can earn rewards by helping secure the network.

Deep Dive

1. Ethereum Bridge & ZK-Rollups (2025)

Overview: Developers plan to connect Dogecoin with Ethereum, a popular blockchain, using something called zero-knowledge proofs (ZKPs) and an Ethereum bridge. This will allow wrapped DOGE (like wDOGE) to be used in Ethereum’s DeFi apps, games, and identity services. ZK-rollups will help make transactions quicker and less expensive.

What this means: This is good news for Dogecoin because it expands its use beyond just payments. However, there are challenges, such as technical difficulties and possible delays if the Ethereum integration doesn’t go smoothly (CoinMarketCap).

2. RadioDoge Expansion (2025)

Overview: RadioDoge uses radio technology combined with Starlink satellites to provide Dogecoin access in hard-to-reach places, like parts of Africa. Timothy Stebbing from the Dogecoin Foundation estimates that 150 base stations could cover an area of 30 million square kilometers for less than $1,000 per month.

What this means: This could help Dogecoin grow by reaching new users who don’t have traditional banking. It’s a positive step but depends on building the infrastructure and partnerships needed (U.Today).

3. Community Staking Proposal (TBD)

Overview: The Dogecoin Foundation and Ethereum co-founder Vitalik Buterin are considering a “Community Staking” model. This would allow Dogecoin holders to earn rewards by supporting the network’s security. Part of the rewards would also go to charitable causes.

What this means: If this happens, it could encourage people to hold DOGE longer and attract investors interested in social impact. Risks include possible centralization and delays in agreement among the community (Dogecoin Foundation).

Conclusion

Dogecoin’s roadmap combines technical improvements (like ZK-rollups and the Ethereum bridge) with real-world applications (RadioDoge) and community involvement (staking). These efforts could make DOGE more useful as a currency, but success depends on how well developers work together and how the market responds. The big question remains: will Ethereum’s ecosystem support Dogecoin’s goal of working across different blockchains?

What updates are there in the DOGE code base?

Dogecoin’s software is getting steady updates focused on improving Java tools and managing network nodes.

1. Dogecoin Java Library Updated (September 8, 2025) – Integrated BitcoinJ improvements into Dogecoin’s Java library.
2. Android Wallet Node Discovery Fixed (September 14, 2025) – Improved how the wallet finds and tracks active network nodes.
3. Privacy Feature Proposal with Zero-Knowledge Proofs (July 2025) – Suggested adding Ethereum-style privacy features while keeping Dogecoin simple.

In-Depth Look

1. Dogecoin Java Library Updated (September 8, 2025)

What happened: The Dogecoin Java library, called libdohj, was refreshed by adding updates from BitcoinJ (a Bitcoin Java library). They also removed parts related to other cryptocurrencies like Namecoin and Litecoin.
This makes the library easier to use specifically for Dogecoin tasks like managing wallets and processing transactions. The update is backward-compatible, so existing network nodes don’t need immediate upgrades.
Why it matters: This is neutral for Dogecoin’s price or network. It mainly helps developers by simplifying the tools they use. (Source)

2. Android Wallet Node Discovery Fixed (September 14, 2025)

What happened: There was a bug causing the Dogecoin Android wallet to undercount active network nodes—showing about 600 instead of the actual 900. The fix uses a local file (peers.json) to find nodes faster and removes inactive ones after 48 hours.
Why it matters: This is positive for Dogecoin. Better node detection improves network reliability and transparency, which are important for a decentralized cryptocurrency. (Source)

3. Privacy Feature Proposal with Zero-Knowledge Proofs (July 2025)

What happened: DogeOS proposed adding a new feature called OP_CHECKZKP that uses zero-knowledge proofs (ZKP). This technology allows transactions to be verified without revealing details, similar to privacy features on Ethereum. It also opens doors for decentralized finance (DeFi) across different blockchains. The complex calculations would happen off the Dogecoin network to keep things simple.
Why it matters: This is a long-term positive. It could enable smart contracts and attract institutional users, but it needs approval from the Dogecoin community first. (Source)

Conclusion

Dogecoin’s development is focused on keeping the network stable and improving backend tools rather than launching flashy new features. The privacy proposal shows potential for future growth but is still in early stages. The key question is how the Dogecoin community will balance keeping things simple with embracing new innovations.