Dogecoin dips below $0.083 as weak ETF demand and bearish positioning limit recovery

Key takeaways

  • Dogecoin is trading near $0.083 after finding support around its key moving averages.
  • Spot DOGE ETF activity remains quiet, signaling weak institutional conviction.
  • DOGE’s long-to-short ratio has fallen to a one-month low of 0.66, reflecting bearish positioning.
  • Positive funding of 0.0010% provides a modest bullish signal but does not eliminate downside risks.

Dogecoin (DOGE) traded below $0.083 on Tuesday after finding support around a crucial technical zone during the previous session.

The meme coin remains above its 50-day and 100-day exponential moving averages, providing a foundation for a potential recovery. However, subdued institutional demand, bearish long-to-short positioning, and cautious on-chain signals indicate that buyers have yet to regain strong conviction.

DOGE is now at a make-or-break level. Holding above its nearby moving averages could support another advance, while a breakdown may expose the token to a deeper correction.

Dogecoin ETF demand remains subdued

SoSoValue data shows that US spot Dogecoin exchange-traded funds have recorded little activity since last week.

The lack of meaningful inflows suggests institutional investors remain hesitant to increase exposure despite DOGE’s recovery from approximately $0.070.

Continued stagnation would deprive the token of an important source of demand. If ETF flows turn negative, selling pressure could increase and undermine Dogecoin’s attempt to establish a short-term bottom.

Dogecoin’s derivatives market offers conflicting indications about trader sentiment. CoinGlass data shows that DOGE’s long-to-short ratio fell to 0.84 on Tuesday, its lowest level in more than a month. 

A reading below 1 means short positions outnumber longs, indicating that more traders expect the price to decline.

Funding rates paint a slightly more optimistic picture. Dogecoin’s open interest-weighted funding rate turned positive on September 9 and stood at 0.0010% on Tuesday.

A positive funding rate means long-position holders are paying short sellers, reflecting some demand for bullish leveraged positions. However, the rate remains modest and does not fully offset the bearish message from the long-to-short ratio.

CryptoQuant’s market summary also points to a mildly bearish outlook. Large whale orders are appearing in Dogecoin’s futures market, but sell-side activity remains dominant. Spot-market conditions are heating up, while several other indicators remain neutral.

Together, these readings suggest that larger traders are active but are not necessarily accumulating DOGE aggressively. The market remains vulnerable to further weakness unless buying pressure strengthens.

DOGE holds above short-term moving averages

Dogecoin is trading above its 50-day EMA at $0.081 and its 100-day EMA at $0.082. This cluster forms the token’s immediate support zone.

However, DOGE remains below the 200-day EMA at $0.092, keeping its broader technical structure neutral to bearish.

The Relative Strength Index sits near 47, indicating balanced momentum between buyers and sellers. Meanwhile, the Moving Average Convergence Divergence line remains slightly below zero, showing that bullish momentum is still limited.

DOGE/USD Daily Chart

DOGE’s first notable resistance sits near $0.088. A breakout above that level could allow buyers to challenge the 200-day EMA at $0.092. If that barrier is cleared, the next significant supply zone would emerge around $0.102.

On the downside, losing the $0.081–$0.082 EMA cluster would weaken the short-term recovery. The next major support lies at $0.070, and a daily close below that level could trigger a more substantial retracement.

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Bitcoin risks drop to $71k as rounded-top pattern takes shape

Key takeaways

  • Bitcoin’s four-hour chart is forming a potential rounded-top pattern after its rally from $63,000.
  • The $76,000–$76,300 region serves as the pattern’s critical neckline and support zone.
  • A decisive breakdown could produce a technical downside target near $70,900–$71,000.

Bitcoin could decline toward $71,000 if a potential rounded-top pattern on its four-hour chart confirms with a decisive breakdown below the $76,000 support level.

BTC rallied from approximately $63,000 in mid-August before reaching the $80,000–$81,500 region. 

However, bullish momentum has since weakened, with the price gradually curving lower and forming the dome-like structure associated with a rounded top.

Weak spot-market demand is adding to the bearish risk, even as demand for Bitcoin perpetual futures remains positive.

Bitcoin rounded top places $71,000 in focus

Bitcoin’s potential rounded top has developed following its strong recovery from the August lows.

The cryptocurrency was trading near $76,870 on Monday, September 15, holding above an important support zone between $76,000 and $76,300. This area effectively represents the neckline of the bearish chart formation.

A decisive four-hour candle close below the zone could confirm the pattern and increase the probability of a deeper correction.

The distance between the pattern’s peak and neckline is approximately $5,000 to $5,300. Subtracting this range from a possible breakdown near $76,000 produces a downside target between $70,900 and $71,000.

Technical indicators show market indecision

Bitcoin’s four-hour Relative Strength Index stood near 54.5, reflecting broadly neutral momentum rather than strongly overbought or oversold conditions.

BTC was also trading around its 20-period, 50-period, and 100-period exponential moving averages. The clustering of these indicators highlights the continuing struggle between buyers and sellers.

A sustained recovery above the $79,500–$80,000 range would weaken the rounded-top scenario. A breakout above the recent highs near $81,500 would largely invalidate the bearish formation and restore the case for further gains. Until then, the $76,000 support remains the most important level to monitor.

Bitcoin’s underlying demand profile provides limited support for the bullish outlook. CryptoQuant’s 30-day demand-growth data shows that demand in the perpetual futures market remained positive during September. Spot demand, however, stayed negative.

BTC/USD Daily Chart

Consequently, Bitcoin’s overall demand remained below zero despite continued activity from derivatives traders.

The divergence suggests that leveraged futures positions are driving much of the recent buying pressure rather than investors accumulating BTC directly through the spot market.

Futures-led demand makes BTC vulnerable

A rally driven primarily by derivatives can be more fragile than one supported by strong spot buying.

Futures demand can disappear quickly when traders close leveraged positions or face liquidations during a price decline. This can accelerate selling and increase volatility if Bitcoin breaks below an important support level.

A somewhat similar divergence developed in January and February 2026, when futures demand briefly recovered before overall demand and Bitcoin’s price weakened.

The current structure does not guarantee the same result. However, without a recovery in spot demand, a confirmed breakdown below $76,000 would make the rounded-top target near $71,000 increasingly relevant.

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Pi Network extends recovery above $0.097 as ecosystem utility grows

Key takeaways

  • Pi Network traded above $0.097 on Monday after recording gains for two consecutive weeks.
  • The Pi Core Team released SoloHost updates and Pi Desktop version 0.6.3 to improve reliability, app discovery, and developer tools.
  • PI remains above its 50-day EMA at $0.094, while the RSI near 60 signals improving bullish momentum.

Pi Network (PI) extended its recovery on Monday, trading above $0.097 following two consecutive weeks of gains.

New ecosystem updates and improved developer tools are strengthening the network’s utility. However, PI continues to trade below major long-term exponential moving averages, leaving its broader technical outlook bearish despite improving momentum.

Pi Network releases SoloHost and Desktop updates

The Pi Core Team recently released updates for SoloHost alongside version 0.6.3 of Pi Desktop.

According to the project, the updates improve application discovery, platform reliability, and the tools available to developers building within the Pi Network ecosystem.

Continued development could support greater application activity and expand PI’s utility. These improvements have accompanied the token’s recent recovery, with PI gaining 1.68% last week before extending its advance on Monday.

However, ecosystem developments will need to translate into sustained user activity and demand for the token to support a stronger long-term recovery.

PI holds above the 50-Day EMA

Pi Network traded near $0.097 on Monday, remaining slightly above its 50-day exponential moving average at $0.094.

Holding above this indicator gives PI’s short-term outlook a mildly bullish tone. The Relative Strength Index stands near 60, indicating that buying momentum is improving without reaching overbought territory.

The Moving Average Convergence Divergence indicator is also marginally positive, supporting the possibility of further short-term gains.

Nevertheless, the recovery remains tentative because PI continues to trade below its 100-day and 200-day EMAs. These indicators currently stand near $0.105 and $0.138, respectively, preserving the token’s broader bearish structure.

PI’s first major resistance is located at the 100-day EMA near $0.105. A sustained break above this level could strengthen the recovery and open the way toward the horizontal resistance at $0.118.

PI/USD Daily Chart

Beyond that, the 200-day EMA near $0.138 represents a more substantial obstacle. Reclaiming this indicator would be necessary to improve PI’s medium- to long-term technical outlook.

Failure to overcome the $0.105 resistance could leave the token consolidating around its current level or expose it to renewed selling pressure.

Immediate support sits at the 50-day EMA near $0.094. Holding this level would preserve PI’s improving short-term structure and allow buyers another opportunity to challenge overhead resistance.

A decisive decline below $0.094 could weaken the recovery and bring the horizontal support at $0.075 into focus.

If selling pressure intensifies, PI could revisit the former trendline-break area near $0.045, which represents a deeper structural support level.

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Cardano holds $0.20 support as bearish derivatives signals limit recovery

Key takeaways

  • Cardano trades near $0.207 after falling more than 8% during the previous week.
  • ADA’s long-to-short ratio of 0.88 indicates bearish positioning among derivatives traders.
  • The funding rate turned positive at 0.0052%, showing a mild bullish bias despite the elevated short positioning.
  • ADA must hold the $0.199-to-$0.200 support zone to avoid a decline toward $0.195, $0.173, or $0.150.

Cardano (ADA) traded near the critical $0.200 support zone on Monday after declining more than 8% during the previous week.

Although ADA remains above two important short-term moving averages, mixed derivatives data and sell-side pressure from large traders suggest that recovery attempts could encounter resistance at higher levels.

ADA long-to-short ratio signals bearish sentiment

Cardano’s derivatives indicators present a cautious and somewhat conflicting outlook.

CoinGlass data shows ADA’s long-to-short ratio at 0.91, close to its lowest level in a month. A reading below one indicates that traders hold more short positions than long positions, reflecting expectations of further price weakness.

However, Cardano’s funding rate turned positive on Monday, reaching 0.0052%. Positive funding means long-position holders are paying shorts, suggesting that some traders are positioning for a price recovery.

The contrast between the bearish long-to-short ratio and positive funding rate points to uncertainty rather than a clear directional consensus.

CryptoQuant’s market summary also signals caution. Large whale orders are appearing in ADA’s futures market, but sell-side activity remains dominant. 

Both spot and futures markets are also showing signs of increased trading activity or “heating,” while several other indicators remain neutral.

Together, these factors suggest volatility could rise around the current support area. However, the dominance of large sell orders leaves Cardano exposed to further downside if buyers fail to defend $0.200.

Cardano holds above key moving averages

ADA traded at approximately $0.207 on Monday, remaining slightly above its 50-day exponential moving average at $0.199 and its 100-day EMA at $0.200.

Holding above these indicators gives Cardano’s short-term technical structure a mildly constructive tone despite the broader downward trend.

The Relative Strength Index stands at 50, indicating balanced momentum and consolidation. Meanwhile, the Moving Average Convergence Divergence indicator remains slightly negative, showing that bullish momentum has not yet strengthened enough to confirm a recovery.

ADA/USD Daily Chart

Cardano’s immediate resistance sits at the 50% Fibonacci retracement level of $0.213. A move above that level could allow ADA to test the 61.8% retracement at $0.231.

Additional barriers are located at $0.236, the 200-day EMA near $0.240 and the horizontal resistance level at $0.245. ADA would need to break decisively through this cluster to improve its medium-term outlook.

A sustained move above $0.245 could bring the more distant $0.299 resistance level into focus.

Conversely, losing the 50-day and 100-day EMAs near $0.200 would expose the 38.2% Fibonacci retracement at $0.195. A deeper correction could then target the structural support levels at $0.173 and $0.150.

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Dogecoin risks breakdown below $0.08 as Bitwise shuts DOGE ETF

Key takeaways

  • Dogecoin is attempting to recover after two consecutive sessions of roughly 3% losses.
  • Bitwise will end trading in its BWOW Dogecoin ETF on October 14.
  • A break below $0.0801 could send DOGE toward $0.0745 and potentially $0.0673.
  • Dogecoin must reclaim the $0.0845–$0.0904 resistance region to improve its outlook.

Dogecoin (DOGE) edged higher on Friday following two consecutive sessions of losses of approximately 3%.

Despite the modest recovery, DOGE retains a bearish near-term outlook as institutional demand weakens and momentum indicators point to sustained selling pressure. 

The $0.0800 region is now critical, with a breakdown potentially exposing the meme coin to significantly lower support levels.

Bitwise announces closure of Dogecoin ETF

Bitwise announced Thursday that it will liquidate its Dogecoin exchange-traded fund, BWOW, as part of an effort to streamline its product lineup and respond to changing investor demand.

The fund’s final trading day is scheduled for October 14, after which it will cease operations and begin converting its DOGE holdings into cash.

Bitwise expects to complete the liquidation on October 22 and distribute the remaining cash to shareholders.

BWOW held approximately $687,730 in net assets as of Thursday, according to SoSoValue.

The conversion of its holdings during the liquidation process could add modest selling pressure to Dogecoin, although the fund is considerably smaller than other DOGE-focused investment products.

Grayscale’s GDOG ETF holds approximately $8.61 million, while the 21Shares TDOG fund manages around $2.53 million.

The difference highlights BWOW’s relatively limited scale and may explain Bitwise’s decision to remove the fund from its product range.

Dogecoin trades below key moving averages

Dogecoin traded slightly above $0.0800 at the time of writing on Friday but remained below several important technical indicators.

DOGE sits beneath its 100-period EMA at $0.0857 and its 50-period EMA at $0.0870 on the four-hour chart. Trading below both indicators reinforces the token’s bearish short-term structure.

The meme coin is also testing its 200-period EMA near $0.0827, which currently acts as immediate dynamic support.

A confirmed move below the 200-period EMA could push Dogecoin toward the recent low at $0.0801.

If buyers fail to defend that psychological support zone, the next downside target would be the 127.2% Fibonacci extension at $0.0745. A more substantial correction could bring the 161.8% extension near $0.0673 into focus.

A decline from $0.0801 to $0.0673 would represent a drop of approximately 16%.

Dogecoin’s Relative Strength Index stands near 35 on the four-hour chart, placing it just above oversold territory.

The low reading reflects significant bearish momentum but also suggests that selling may be approaching exhaustion. Still, the indicator has not produced a confirmed reversal signal.

DOGE/USD Daily Chart

The Moving Average Convergence Divergence indicator continues to decline below its zero line, reinforcing the view that downside pressure remains dominant.

For Dogecoin to begin a meaningful recovery, it must first break above the 78.6% Fibonacci retracement at $0.0845.

The next resistance levels sit at the 100-period EMA near $0.0857 and the 50-period EMA at $0.0870. A stronger barrier awaits around $0.0904, which aligns with the 50% Fibonacci retracement.

A sustained close above $0.0904 would weaken the bearish outlook. Until then, DOGE remains vulnerable to a breakdown below $0.0800.

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