Dogecoin Dips 7.6% as Bearish Downtrend Persists in Meme Coin Space

Dogecoin slides 7.6% in 24 hours, dropping back below $0.10 as supply growth and waning activity weigh on sentiment.

2026-02-26

Dogecoin (CRYPTO: DOGE) dropped 7.6% over the past 24 hours, as of 1:45 p.m. ET, eating into the impressive gains this token saw in yesterday’s session. With Dogecoin now back below the psychologically important $0.10 level, some investors are clearly wondering where this token is headed from here. The world’s largest meme cryptocurrency was on a nice short-term run. That is, until today.

Here’s what to make of this continued downtrend in Dogecoin, and where this token could be headed moving forward. That’s a fair perspective. Let’s dive into what’s moving Dogecoin in this session and where this meme coin could be headed. One of the key drivers that has become more apparent to me among what I see as a divergence of performance among specific tokens is Dogecoin’s uncapped supply. In fact, we’ve seen an absolute surge in the number of new DOGE tokens hitting the market over the past month, something I think investors are growing concerned about.

I think these catalysts, in combination with active addresses and other key metrics declining from previous surges, could prompt speculators, traders, and investors to seek alternatives in the digital asset space. Until we see a reversal of both sentiment and activity, Dogecoin is one of the most sensitive assets to these bearish trends and could see continued downside for the foreseeable future.

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Dogecoin wasn’t one of them. Dogecoin (CRYPTO: DOGE) fell 7.6% over the past 24 hours, erasing yesterday’s gains and returning to the sub-$0. ten level. The move reinforces how quickly momentum can flip for the world’s largest meme cryptocurrency, with the price now hovering near a psychological barrier that could influence near-term trading decisions.

As investors weigh potential moves, the path for DOGE remains uncertain amid mixed signals in the broader market. Analysts point to a rising uncapped DOGE supply as a key factor behind the slide, noting a surge in new tokens entering circulation over the past month. Combined with declining on-chain activity and softening metrics, these dynamics can push traders toward alternatives within the crypto space. Until sentiment improves and activity rebounds, DOGE’s price action is likely to remain sensitive to broader bearish trends.

If the supply glut persists and market momentum remains weak, further downside could unfold. Investors should monitor both on-chain signals and social sentiment as the meme coin continues to face macro headwinds.