Dogecoin fell to around $0.0631 on November 14 as broader cryptocurrency markets declined. The meme coin slipped 2.66% over 24 hours, tracking Bitcoin's 2.63% decline during the wider market selloff.
The price drop brought Dogecoin close to $0.062, a support level traders are monitoring. Crypto analyst Trader Tardigrade identified the current price area as a potential cycle base on the monthly chart, a zone where the price bounced in previous cycles. The analyst expects a rebound could move Dogecoin into what he describes as a cycle transition phase, though past rebounds do not guarantee another recovery.
Near-term Price Levels
If the $0.062 support holds and Bitcoin remains above $67,000, Dogecoin could attempt a move toward $0.067, approximately 6.2% above the quoted price. A break below $0.062 could instead bring $0.060 into focus, roughly 4.9% lower.
Trading volume on Binance showed a slight decline, with $38.76 million in Dogecoin trading volume recorded on November 13, down from $39.12 million the previous day. The Dogecoin price has moved alongside Bitcoin during the latest decline, with no verified Dogecoin-specific event identified as the cause of the selloff.
ETF Activity Remains Flat
Grayscale's GDOG and 21Shares' TDOG Dogecoin ETFs recorded zero daily net flows from October 14 through November 13, according to SoSoValue data. The previous daily outflow of $138,570 occurred on October 13.
Zero net flows measure the difference between new fund creations and redemptions, but do not indicate whether ETF shares stopped trading. Investors can still buy and sell existing shares on exchanges, and matched transactions between buyers and sellers do not trigger net flows.
As of mid-November, Grayscale reported $9.15 million in net assets, while 21Shares showed approximately $1.59 million. The combined figure of roughly $10.74 million reflects different reporting dates, with Grayscale accounting for about 85% of the combined total.
