- Dogecoin has fallen back to $0.12, marking its lowest level since October 2024.
- Macro uncertainty and weak investor confidence continue to weigh heavily on memecoins.
- A drop to 10 cents, or even lower, remains possible if market conditions worsen.
Dogecoin has taken another hit, slipping to the $0.12 level for the first time since October 2024 and putting renewed pressure on the broader memecoin market. CoinGecko data shows DOGE is down 5.1% in the last 24 hours, 7.7% over the past week, and more than 20% across the last month. Zooming out, the damage looks even worse, with Dogecoin now down roughly 68% since December 2024. If the current trend doesn’t stabilize soon, a drop toward the 10-cent mark is no longer just a hypothetical scenario.
A Weak Market Is Dragging DOGE Lower
The broader crypto market has struggled through what’s shaping up to be one of its weakest periods since October, a month that’s historically been bullish. Bitcoin briefly pushed to a record high near $126,000 in early October before rolling over, and DOGE has largely followed that same downward path. The sell-off feels especially unsettling given that the Federal Reserve already delivered a 25-basis-point rate cut earlier this month. Instead of sparking a rebound, the move failed to restore confidence across risk assets.
Macro Uncertainty Hits Memecoins the Hardest
Dogecoin’s recent drop appears closely tied to lingering macroeconomic uncertainty. Rate cuts alone haven’t been enough to offset concerns around jobs data, slowing growth, and broader economic fragility. As investors rotate away from risk, cryptocurrencies are often among the first assets to feel the pressure — and memecoins like DOGE tend to suffer the most. Compared to Bitcoin, Ethereum, or even XRP, Dogecoin carries far less structural support, making it more vulnerable during periods of stress.
Could Dogecoin Fall Below 10 Cents?
Several analysts warn that downside risks remain firmly in play. Barclays recently suggested the crypto market could face added pressure in 2026 due to declining trading volumes and weak demand. If that outlook materializes, Dogecoin could struggle to hold current levels and revisit the 10-cent zone, a price last seen in early October 2024. In a more severe scenario, another crypto winter could push DOGE even lower, potentially toward $0.09. Until global economic conditions improve meaningfully, Dogecoin’s recovery may remain elusive.
