Dogecoin Price Prediction: What’s Next as DOGE Hits 3-Year Low After $26B Meme Coin Rout?

Dogecoin (DOGE) price traded at $0.062 at the time of writing following a 3.2% decline in 24 hours. The top meme coin now trades at its lowest price since October 2023 amid a massive selloff across the meme coin market.

Dogecoin’s decline mirrors the downtrend across the broader meme coin market where the total market cap of these coins has dropped by 54% in the past 12 months per data from CoinMarketCap.

Meanwhile, futures data shows short sellers are increasing their positions as they bet on Dogecoin price not rebounding.

Dogecoin Plunges to 2023 Lows Amid Meme Coin Selloff

Dogecoin price opened the year at $0.11. It has since dropped to $0.062, which signals a 43% year-to-date (YTD) decline. Because of this dip, the top meme coin now trades at its lowest price in three years.

Because of this crash, DOGE price now sits 91% below its all-time high of $0.73 created in May 2021. However, the downtrend has not been an isolated case because other meme coins are also plunging.

Shiba Inu (SHIB) is also down by 39% YTD to trade at $0.00000416 at the time of writing, while Trump Coin (TRUMP) recently touched an all-time low after the Republican Party lost the November midterm elections.

Because of these losses, the total meme coin market cap has dropped by $26 billion, from $47,.5 million in November 2025 to $21.32 billion at press time.

The only meme coin that is showing resilience is Pepe Coin, which is up 10% in one month. As CoinGape reported earlier, PEPE briefly flipped DOGE in trading volumes signalling heightened interest from traders.

Long Liquidations Surge as Institutional Demands Fades

Data from CoinGlass shows that one of the factors behind a bearish future Dogecoin price outlook is an increase in long liquidations.

Per CoinGlass, long liquidations have exceeded short liquidations for eleven straight days since November 4. When longs are liquidated, they have to close their positions by selling, and this is pushing Dogecoin price down.

There is also no buying taking place in the spot market and this is also behind the decline in Dogecoin price to its lowest level in three years. Dogecoin has only seen only one day of spot inflows since November 3 as selling pressure persists.

Data from SoSoValue also shows that institutions are not buying the dip. This is because DOGE ETFs have not recorded any inflows since October 13.

If institutions are not buying, it weakens the outlook towards Dogecoin price, because demand is weakening when the supply is high.

Dogecoin Price Prediction: What’s Next for DOGE?

Dogecoin price could drop to test support at the lower Bollinger band of $0.0601. Losing this support could push the price towards $0.058, with increased selling pressure also causing a move to the 123.6% Fib of $0.0107.

The bands are shrinking and this suggests that the price might be entering consolidation, in which case it could oscillate between $0.058 and $0.065 before bulls or bears take the upper hand.

The bearish conditions are worsening because the RSI has dropped 36. This RSI also shows that Dogecoin is not yet oversold, making further dips likely to occur.

On the upside, Dogecoin price will confirm a bullish reversal if it closes above the middle Bollinger band at $0.079.