Dogecoin slipped below $0.07 as a broad crypto sell-off deepened, yet its spot ETFs logged their first net inflows since June 17. Traders are watching the $0.0680 support to judge whether a rebound can hold.
Dogecoin fell to $0.0690, losing 4.75% over the latest 24-hour trading period, as broader market deleveraging and the U.S.-Iran war crisis pressured risk assets. The total crypto market value declined 0.96% to $2.22 trillion as liquidations compounded the sell-off.
Bitcoin hovered near mid $65,000 while Ethereum fell to the 1,880 level, and XRP and Dogecoin faltered as investors lessened their exposure to riskier digital assets. DOGE is now testing support levels last observed in late 2024 and remains close to its lowest trading range of 2025.
Dogecoin ETFs record first inflows since June 17
Spot Dogecoin ETFs reported net inflows of $345,130 on July 21, the first day of inflows since June 17. The move followed more than a month of flat activity and one outflow session on July 2, though SoSoValue data showed daily net inflows returned to zero by July 23.
Grayscale’s GDOG led with cumulative inflows of $11.30 million and assets of $6.78 million. By contrast, Bitwise’s BWOW recorded a cumulative outflow of 1.38 million. All three funds closed negative, with daily losses between 4.61% and 4.92%.
DOGE tests $0.0680 support
At the time of writing, DOGE traded at $0.0693 after losing 1% on the four-hour chart, slipping below the $0.07 support on heavy selling volume. Short-term support now sits around $0.0680, while the RSI dropped to 34.51 and is tending toward an oversold state.
However, the CMF remains positive at $0.08, suggesting some capital continues entering the market. DOGE must reclaim $0.070 to challenge resistance at $0.0720, and a confirmed move above that level could open targets near $0.0740 and $0.0760. Losing $0.0680 would instead put DOGE at risk of falling to $0.0660.
Source: CoinGape
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