DOGE's Downtrend Deepens Amid Stagnant Sentiment and Regulatory Silence

On FEB 8 2026, DOGE dropped by 1.15% within 24 hours to reach $0.09694, DOGE dropped by 8.42% within 7 days, dropped by 6.88% within 1 month, and dropped by 17.35% within 1 year.

DOGE’s price has continued to retrace following a prolonged bearish trend across multiple timeframes. While the coin remains in a downtrend, the recent 8.42% weekly decline marks one of the steepest drops since early 2025. This decline is part of a broader correction in the cryptocurrency market, which has been shaped by macroeconomic uncertainty and a lack of significant catalysts to drive speculative demand.

The current bearish environment has been exacerbated by subdued trading sentiment and limited regulatory clarity, particularly in the U.S., where policymakers have remained cautious on the future of digital assets. Meanwhile, the absence of major bullish events—such as regulatory approvals or adoption milestones—has left DOGE vulnerable to broader market pressures.

Market analysts have pointed to a range of factors contributing to the current phase of weakness, including investor rotation into more traditional assets and a general risk-off tone in financial markets. Although DOGE has historically benefited from retail-driven narratives and social media momentum, those dynamics have been muted recently, with traders adopting a more cautious stance.

Analysts project that DOGE’s trajectory in the near term will remain tied to broader risk sentiment and macroeconomic developments. With the U.S. set to release key economic data—including retail sales and manufacturing figures—next week, traders may look for clues on the trajectory of interest rates, which could influence capital flows into digital assets.

The upcoming data from the U.S. will be critical in assessing whether monetary policy is likely to soften in the near future. A slowdown in inflation or signs of a cooling labor market could lead to expectations of rate cuts, which have historically supported risk-on environments and potentially bullish price action in cryptocurrencies.

For now, however, DOGE appears to be consolidating below key resistance levels, with the 1-month and 1-year performance highlighting the challenges of maintaining a bullish outlook without clear macroeconomic or fundamental drivers. Investors may need to wait for clearer signals from both the macroeconomic calendar and broader market sentiment before positioning for a reversal in DOGE’s trend.