Despite a recent 5% drop in Dogecoin’s (DOGE) value, investors seem confident about its potential. Interestingly, there wasn’t an increase in investment through Dogecoin exchange-traded funds (ETFs) over the last 24 hours, even with the price decrease.
Why DOGE ETF investors shunned price volatility
According to SoSoValue, Dogecoin ETF investors didn’t seem fazed by recent price drops, with no net money flowing in or out of the fund for the eighth day in a row, even as the price of Dogecoin went up and down.
This activity shows investors are optimistic about Dogecoin’s potential for a significant price increase and see recent dips as short-term. However, their hesitation to purchase more suggests they doubt the long-term success of the Dogecoin ETF.
U.S. investors using the Kraken exchange recently added 4.5 million DOGE to their combined holdings over just 12 hours. They bought more during a temporary price drop, rather than selling in response to it.
Dogecoin investors seem to be consistently buying more of the cryptocurrency, which could suggest an upcoming price increase. Traders are viewing the recent price swings as a temporary pause before a potential rise.
As a researcher, I’ve been following Dogecoin closely, and its recent price action has been a bit confusing. We observed a ‘death cross’ on its charts, which is generally a signal that the price is likely to fall. However, despite this bearish indicator, Dogecoin actually saw a 6% increase in price. This rally seemed to be connected to the positive movement we’re seeing with Bitcoin.
Can Dogecoin overcome market uncertainty?
Currently, Dogecoin is trading at $0.09224, which is a 5.1% decrease over the past 24 hours. This represents a notable drop, as the cryptocurrency was nearly falling below $0.10.
The meme coin’s price fluctuated today, initially reaching a high of $0.09772 before falling to $0.09220 and eventually stabilizing at its current value. This dip occurred after the coin failed to surpass a price level of $0.98. Trading activity also decreased significantly, dropping by 11.21%, which represents a loss of $1.09 billion in trading volume.
Whether Dogecoin will end March with a price increase, breaking its five-month losing streak, is still uncertain. As of mid-March, there was some indication that Dogecoin might finish the month positively, potentially ending the downturn that began in October 2025.
With Dogecoin ETF investors holding back, it appears the DOGE breakout has a lot to prove.
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2026-03-26 13:18