DOGE +1.12% Short-Term Rally Amid Declining Institutional and Retail Demand

DOGE’s price climbed 1.12% in the last 24 hours, reaching $0.13866, according to the latest market data on Dec. 13, 2025. Despite the recent uptick, the meme coin has seen broader bearish trends over the past seven days and one month, falling 2.9% and 5.17%, respectively. Year-to-date, the coin has shed over half its value, with a 56.19% decline recorded.

DOGE’s price consolidation is occurring amid a marked slowdown in both institutional and retail demand, a trend that has weighed on the cryptocurrency’s near-term momentum. Derivatives activity, a key indicator of market interest, has weakened significantly, with open interest in Dogecoin futures falling to $1.5 billion as of Friday, down sharply from $4.4 billion on Oct. 10. This decline reflects heightened macroeconomic uncertainty following the Federal Reserve’s recent rate cut and its hawkish tone for 2026, which has led to widespread risk-off behavior across the crypto market.

The drop in open interest follows the October crash, which saw over $19 billion in assets liquidated in a single day, triggering a wave of panic among traders. Retail participation has not recovered since, with investors largely choosing to sit out the market amid lingering bearish sentiment. The lack of fresh capital and sustained trading activity has limited DOGE’s ability to break out of its trading range.

On the institutional side, interest in DOGE has remained muted despite the launch of spot ETFs in November. Although the two US-listed Dogecoin ETFs, Grayscale’s GDOG and Bitwise’s BWOW, have recorded some inflows, the figures remain modest.

Data from SoSoValue shows that cumulative inflows have averaged just $2 million, with net assets totaling $5.74 million. Recent trading activity has also been quiet, with no flows reported on Thursday following a brief spike of nearly $172,000 in inflows the previous day.

Technically, DOGE remains in a sideways pattern. The coin is currently trading below key moving averages—the 50-day, 100-day, and 200-day EMAs—reinforcing a bearish bias. While the MACD indicator remains marginally above the signal line, the contracting histogram suggests that bullish momentum is fading. This technical stagnation reflects the broader struggle to attract conviction from both retail and institutional investors.

Analysts project further weakness in the near term, with some calling for additional declines in DOGE’s price. In contrast, alternative projects such as GeeFi (GEE) are drawing attention with their presale momentum and deflationary tokenomics. GeeFi’s GEE token has attracted $800,000 in Phase 2 of its presale, with tokens available at $0.06—well below its projected exchange listing price. Analysts suggest the project’s real-world utility, including crypto-backed cards and a decentralized exchange, could position it as a more attractive long-term investment.

In other related news, Florida prosecutors seized roughly $1.5 million in DOGE, Pepe, Solana, and AVAX from a wallet allegedly controlled by a Chinese national tied to an investment fraud case. The seizure underscores the increasing enforcement focus on illicit crypto activity and the traceability of digital assets. The wallet’s assets were frozen under Florida’s fugitive disentitlement statute, which allows courts to proceed with asset forfeitures even when the defendant is outside U.S. jurisdiction.

As DOGE faces ongoing challenges in regaining traction, the broader market remains cautious, with macroeconomic headwinds and weak on-chain metrics pointing to a prolonged period of consolidation. Investors are advised to monitor key levels of support and resistance, while also evaluating alternative projects with stronger fundamentals and clearer utility.