Dogecoin Slips 4% Today: Could It Slide Toward $0.07?

Jakarta, Pintu News – The price of Dogecoin (DOGE) has dropped more than 4% in the last 24 hours up to the time of this article, as bearish sentiment grows.

Since reaching the $0.30 level, the memecoin has been on a downward trend, while more than 75 other altcoins have performed better than Bitcoin (BTC). Currently, its outlook suggests a possible further decline towards the $0.07 zone.

Dogecoin Price Drops 4.45% in 24 Hours

On November 4, 2025, Dogecoin experienced a 4.56% correction over a 24-hour period, with its price falling to $0.1655 — or approximately IDR 2,764. Throughout the day, DOGE traded within a range of IDR 2,932 to IDR 2,696.

At the time of writing, Dogecoin’s market capitalization is estimated at around IDR 409.83 trillion, with a 24-hour trading volume of roughly IDR 58.49 trillion.

Read also: Dogecoin Predicted to Explode in November, Murad’s Meme Coin Portfolio Slashed by 59%

Possibility of DOGE Dropping to $0.07

Based on Dogecoin’s UTXO Realized Price Distribution data, the most crucial level for this memecoin is at $0.18. This level is the deciding point – if the price is unable to stay above it, then the potential for a drop to the $0.07 zone is even greater.

The $0.07 zone itself is the last price level where DOGE tokens were previously moved a lot.

Around 28.28 billion DOGE – or about 18% of the total supply – was accumulated in this area. This means that this zone is the next important buying area for investors.

The break below $0.18 has pushed DOGE into a downtrend. However, there is still a less significant zone before reaching $0.07 that could trigger a price bounce. Further price analysis shows the next important areas to watch.

Dogecoin Faces Resistance

On the charts, Dogecoin is seen to be under increasing selling pressure, with the price breaking below the Ichimoku Cloud on the 4-hour chart. The momentum of the candles formed indicates that sell-side liquidity is dominating the market.

Based on the price target analysis on the chart, the $0.1688 level is expected to be the next target in the short term.

For DOGE to return to a bullish trend, the price needs to break the Ichimoku Cloud resistance. Otherwise, the pressure from the bearish side will most likely continue to push the price down towards levels around $0.15 – the price at which Dogecoin once started its rise before almost reaching $0.50.

Read also: Will Ripple (XRP) Continue to Lose Money? This is the Critical Level to Reach!

However, the current technical structure does not favor a downside scenario to $0.07, as there are still strong support levels.

In addition, data from CryptoQuant shows that derivatives traders are starting to open long positions for this memecoin, supporting the view that a drop to $0.07 is considered too far away and unrealistic in the near future.

Bear Sentiment Still Dominates!

The bearish sentiment towards Dogecoin has not abated, as spot traders continue to sell their tokens. CVD’s Spot Taker indicator shows that since late September, trading volume has been dominated by sellers.

Meanwhile, the sentiment indicator shows that both retail traders(crowd) and Smart Money are still in a bearish position. The readings stand at -0.31 and -0.24 respectively, indicating that the more experienced market participants see a DOGE downside scenario as more likely.

Overall, Dogecoin’s price decline could continue – although a drop to $0.07 is considered unlikely, unless the bear market lasts longer.

However, if there is a shift in sentiment in the overall crypto market, DOGE could potentially break the Ichimoku Cloud resistance again and restore the strength of its bullish trend.

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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.

Reference:

• AMB Crypto. Can Dogecoin hit $0.07 despite rising bearish sentiment? Accessed on November 4, 2025