Dogecoin (DOGE) is under pressure as analysts predict a potential 50% price drop due to weak ETF inflows. After reaching a local high of over $0.15 on January 6, DOGE has declined to around $0.13. Analyst Ali Martinez suggests that continued selling could push the price down to $0.06, marking its lowest level since November 2023. The lack of significant interest in DOGE ETFs, with less than $7 million in net inflows, contrasts sharply with the $1.22 billion seen in XRP ETFs. Despite bearish forecasts, some market observers remain optimistic. CryptoPulse highlights strong breakout volume and technical indicators suggesting a potential rise to $0.20-$0.21. Additionally, large investors have recently acquired 140 million DOGE, potentially reducing circulating supply and supporting a price increase if demand holds steady.
DOGE Faces Potential 50% Drop Amid Weak ETF Inflows, Analysts Warn
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