Dogecoin’s $0.10 Rally Fizzles as Key Metrics Turn Red in Market Sell-Off
Dogecoin extended a five-day decline after reaching a Feb. 15 high of $0.1175, with a recent effort to reassert $0.10 failing to gain traction. The pullback arrived alongside a wider market sell-off that pushed trading metrics into negative territory: exchange inflows rose, volatility spiked, and network activity showed signs of cooling, limiting fresh buying interest.
The move highlights how sentiment-driven memecoins remain vulnerable when risk appetite fades; traders and holders are watching on-chain flows and liquidity for signs of capitulation or stabilization. A sustained market rebound or renewed speculative demand would likely be needed to restore momentum, while continued bearish metrics increase the probability of further near-term pressure.