Dogecoin Plunges on July 1: Is $0.10 the Next Price Target?

Updated

July 1, 2025

Gambar Dogecoin Plunges on July 1: Is $0.10 the Next Price Target?

Jakarta, Pintu News – Dogecoin had recorded a slight increase on June 30, and was trading at 0.164.

The leading meme coin has seen volatile movement over the past seven days, with prices fluctuating between a weekly high of $0.169 and a weekly low of $0.51.

Amidst this uncertainty, short-term holders seem to be anticipating a potential 30% drop in Dogecoin price after recording a realized loss of $38 million in just 24 hours (30/6).

With this kind of pressure, is a price drop to $0.10 imminent? Before we go any further, let’s explore Dogecoin’s current price movements first!

Dogecoin Price Drops 1.95% in 24 Hours

dogecoin price today — Source: Pintu Market

On July 1, 2025, Dogecoin saw a 1.95% drop in value over the past 24 hours, with the price settling at $0.1648, or around IDR 2,667. During the day, DOGE traded as low as IDR 2,644 and reached a high of IDR 2,727, reflecting modest but notable volatility.

At the time of writing, Dogecoin’s market cap stands at around $24.71 billion, with trading volume rising 26% to $801.68 million within 24 hours.

Dogecoin Price Threatens to Plummet to $0.10

The Dogecoin price has the potential to experience a sharp decline to the $0.10 level after the appearance of a bear flag pattern on the daily timeframe, which indicates that a trend reversal is likely.

This pattern usually signals a continuation of the bearish trend after a brief recovery, when selling pressure again dominates the market.

The height of the flag pole indicates how far the DOGE price could fall if it fails to maintain support from the lower trendline within a short ascending channel.

This support level stands at $0.157, and the strength of the downtrend will be confirmed if Dogecoin also falls below $0.142.

Based on this technical structure, losing this support level could trigger a 31% drop to $0.109 – which would be Dogecoin’s lowest price since 2024.

The $0.10 level has long been a strong psychological support for DOGE, and if bulls fail to defend it, the biggest meme coin could end up adding another zero to its price.

The Relative Strength Index(RSI) indicator also supports this bearish narrative towards Dogecoin’s price projection. The indicator has been oscillating below the 50 mark for almost a month, signaling that bearish pressure has dominated price movements since late May.

However, this bearish outlook could be invalidated if the MACD line – which is currently starting to point north – crosses the zero line, along with the RSI printing a new high above the 50 mark.

If this scenario were to occur, it would corroborate analysis from the CoinGape website stating that the DOGE price could reach $0.47, as optimism grows for the approval of the DOGE ETF.

Realized Losses of Short-Term Holders Surge

Short-term DOGE holders are starting to realize losses after selling Dogecoin, potentially triggering a surge in bearish sentiment.

Unlike long-term holders who tend to buy when prices are low and sell when prices are high, short-term holders typically trade based on market sentiment – and this can have a negative impact on the Dogecoin price.

According to Santiment’s Network Realized Profit/Loss metric, this indicator dropped to -38 million, indicating that many traders started to realize losses from their Dogecoin sales.

Meanwhile, a recent post from Glassnode on the X platform noted that in the last 24 hours, DOGE was the only asset from the top ten that recorded more losses than gains.

During that period, losses totaled -132 million, while profits amounted to only $5 million.

$DOGE is the only top 10 asset with higher realized losses than profits in the past 24h – $132M vs $5M.
By contrast:

🟠 $BTC losses are just 2.5% of realized profits ($33M vs $1.3B)
🔵 $ETH losses are 52% of profits ($18.4M vs $35.2M)

Track the essential P&L metrics in Studio. pic.twitter.com/heG3rXDvX4
— glassnode (@glassnode) June 30, 2025

If this trend of heavy losses continues, it could deter potential new buyers from entering the DOGE market.

As demand dries up, the brief recovery that formed the bearish flag pattern is likely to weaken, and a potential 30% drop in Dogecoin price to $0.106 could occur.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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