Dogecoin Price Slumps as Market Sentiment Dims; ETF Liquidity Gap Emerges

DOGE trades around $0.1011, down 2.25% in 24 hours, as negative altcoin sentiment weighs on the market and ETF liquidity fails to spark a rebound.

Rich by Coin

2026-02-18

The Dogecoin (DOGE) price is buckling under the weight of falling crypto market sentiment. It is currently trading at $0.1011, down 2.25% in the past 24 hours, per CoinMarketCap data. With a new wave of sell-off on the altcoin market, the chances that Dogecoin price will test the weekly low remain high. Altcoin sentiment has turned highly negative as total altcoin volume has fallen by over 50%.

Dogecoin is particularly susceptible to a sell-off, as key metrics like daily trading volume have fallen by 7%, a sign of a waning near-term outlook. Futures market traders are always switching sides, in line with spot market trends. Current open interest trend is negative, aligning with the grand bearish outlook of the broader market. Notably, with ETF not providing the required liquidity to trigger scarcity, the rebound potential of Dogecoin remains quite limited.

While the broader crypto market is pushing for a rebound, the potential growth catalysts for Dogecoin are significantly limited. This figure pales in comparison to the XRP ETF that has now bagged a total inflow of $1.23 billion.