{"id":9040,"date":"2025-08-27T17:04:05","date_gmt":"2025-08-27T17:04:05","guid":{"rendered":"https:\/\/bitunikey.com\/news\/dogecoin-price-warning-bearish-setup-emerges-derivatives-decline\/"},"modified":"2025-08-27T17:04:26","modified_gmt":"2025-08-27T17:04:26","slug":"dogecoin-price-warning-bearish-setup-emerges-derivatives-decline","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/dogecoin-price-warning-bearish-setup-emerges-derivatives-decline\/","title":{"rendered":"Dogecoin price warning: bearish setup emerges, derivatives decline"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Dogecoin price remains in a technical bear market after falling by 55% from the highest level in November last year. Technicals and derivative market data point to more downside in the coming days.<\/p>\n<div id=\"cn-block-summary-block_a46bf558ee9ef7ca15b25158317d1f0b\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Dogecoin price could be at risk as demand in the futures market drops.<\/li>\n<li>The futures open interest has dropped by almost 40% from its highest point in July.<\/li>\n<li>DOGE has formed a bearish pennant pattern on the three-day chart timeframe.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Dogecoin (DOGE) price was trading at $0.2200 on Aug. 27 as it continues to underperform popular coins like Ethereum (ETH) and Bitcoin (BTC) that are hovering close to their all-time high.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Derivatives data point to weak Dogecoin demand<\/h2>\n<p>Dogecoin demand has slumped in the past few weeks. This could be because investors are focusing on Ethereum, Bitcoin, and other top-performing coins. Also, it could be because Dogecoin lacks a clear catalyst to boost its performance.<\/p>\n<p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/currencies\/DOGE\" target=\"_blank\">CoinGlass data<\/a> shows that DOGE\u2019s futures open interest has been dwindling since July. It recently peaked at $5.3 billion on July 22 and has now fallen by almost 40%.\u00a0<\/p>\n<p>Futures open interest is an important metric that tracks outstanding futures contracts that are open and not settled or closed. Falling open interest is a sign of low demand and liquidity.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\"><em>DOGE futures open interest | Source: CoinGlass\u00a0<\/em><\/figcaption><\/figure>\n<p>Another sign of low Dogecoin demand is the current volume in the derivatives market. CoinGlass data show that the volume traded today stood at $4.7 billion, down from last month\u2019s high of $14.5 billion.<\/p>\n<h2 class=\"wp-block-heading\">Dogecoin price technical analysis\u00a0<\/h2>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"3574\" height=\"2038\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2025\/08\/Dogecoin-price-warning-bearish-setup-emerges-derivatives-decline.png\" alt=\"Dogecoin price\" class=\"wp-image-14409480\"><figcaption class=\"wp-element-caption\">DOGE price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The three-day time frame chart shows that the DOGE price could be at risk of more downside, potentially to the year-to-date low of $0.1360.<\/p>\n<p>Dogecoin price is slowly forming a symmetrical triangle whose two lines are about to converge. The lower line connects the lowest swings since April, while the upper trendline links the highest level in February and August.<\/p>\n<p>This triangle pattern is forming after the coin dropped from the November high of $0.4935, meaning that it is part of a bearish pennant pattern.<\/p>\n<p>Dogecoin is also hovering at the 61.8% Fibonacci retracement level and the 50-day and 100-day exponential moving averages.<\/p>\n<p>Therefore, the most likely DOGE price forecast is where it crashes to the year-to-date low of $0.1362, which is about 40% below the current level.<\/p>\n<p>On the other hand, a move above the upper side of the triangle will invalidate the bearish Dogecoin forecast.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin price remains in a technical bear market after falling by 55% from the highest level in November last year. Technicals and derivative market data point to more downside in&hellip;<\/p>\n","protected":false},"author":1,"featured_media":369,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9040","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=9040"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9040\/revisions"}],"predecessor-version":[{"id":9041,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9040\/revisions\/9041"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/369"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=9040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=9040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=9040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}