Dogecoin Price Prediction as Binance Records $1.2B Memecoin Sell-Off

Dogecoin (DOGE) price is up by 2.25% today, July 14, to trade at $0.073 at the time of writing. The gains come as the broader crypto market recovers after the US inflation dropped to 3.5%. Still, Dogecoin remains below all EMAs amid an ongoing meme coin selloff that has wiped out $1.2 billion from Binance.

Binance Faces $1.2B Meme Coin Selling Pressure

Data from CryptoQuant shows that traders on Binance have sold $1.2 billion worth of meme coins since October 2025. Analyst Darkfost notes that traders are selling because meme coins are the “riskiest assets” in crypto.

This selling pressure has pushed the price of Dogecoin down from $0.26 in October 2025 to $0.07 today, July 14. This means Dogecoin is down by 73% in eight months. In contrast, Bitcoin has dropped by 50% within the same period.

Still, the launch of Robinhood Chain has revived interest around meme coins, with Robinhood Chain tokens like CASHCAT reaching a market cap of $138 million since the chain launched on July 1.

Dogecoin is also gaining today, July 14 after US inflation dropped to 3.5%, reviving bullish momentum around risk assets because the Fed has less incentive to hike interest rates. But analyst Dark Frost warns these gains may not be sustainable.

Darkfost maintains that the long-term Dogecoin price forecast remains bearish unless there is sustained buying pressure.

Dogecoin Price Remains Below Key EMA Levels as Bearish Pressure Surges

The price of Dogecoin has dropped below the 200-day EMA, 100-day EMA, and 50-day EMA levels. This drop suggests that the momentum is favoring bears.

Dogecoin price now trades at the support of $0.071. Closing below this support could see the price drop to the June 30 low of $0.069.

The RSI reading of 41 suggests that the momentum is still favoring bears, and this supports the bearish thesis of a drop to $0.069.

But the RSI line is rising, and if it makes a higher high above $50, it could invalidate the bearish thesis, and Dogecoin could move to the 50-day EMA of $0.082.

Zooming in on the daily chart shows that Dogecoin could be forming a bullish W pattern if it bounces from the support of $0.071.

If the pattern plays out, Dogecoin faces the first obstacle at the July 4 high of $0.079 before a 10% rally ensues to $0.0869.

Dogecoin ETFs Post Zero Inflows For Four Weeks

Data from SoSoValue shows that Dogecoin ETFs have not seen any inflows since June 17 despite Trump’s recent push for crypto. In fact, the ETFs have seen zero flows for six straight days since July 2.

These fading inflows suggest that institutional demand towards Dogecoin ETFs has dropped and this is also pulling the price down.

Dogecoin ETFs now have $9.9 million in net assets since they started trading in November 2025. These net assets are equal to only 0.09% of Dogecoin’s market cap.

Dogecoin’s Open Interest Falls as Long/Short Ratio Tumbles

Dogecoin’s open interest has dropped from $1.76 billion in May 2026 to $1 billion on July 14. The drop suggests that speculative interest towards Dogecoin has faded as the meme coin struggles under high selling pressure.

The long/short ratio for Dogecoin has also dropped to 0.88 per CoinGlass data. This drop suggests that many traders are betting that the price of DOGE will continue to drop.