TLDR
- DOGE fell 4% to $0.079, breaking below the 50-day EMA support of $0.081
- Whale addresses bought 240 million DOGE between September 9–14, growing holdings to ~19 billion DOGE
- Spot DOGE ETFs saw $248,510 in inflows on September 16, all from Grayscale’s GDOG
- Analyst Ali Martinez set upside targets of $0.1552 and $0.1774 if $0.0813 support holds
- Broader crypto ETFs saw nearly $600 million in outflows on September 16 after the CLARITY Act failed in the US Senate
Dogecoin (DOGE) is trading lower today, down around 4% to $0.079, as selling pressure across the crypto market builds. Bitcoin and Ethereum also declined, falling 0.8% and 1.6% respectively.
The drop comes after the US Senate failed to pass the CLARITY Act, a bill aimed at regulating the crypto industry. That news triggered nearly $600 million in outflows from US-traded crypto ETFs on September 16 — the largest single-day outflow since June 2026.
Despite the price decline, large DOGE holders were actively buying. Whale addresses — those holding at least 100 million DOGE — accumulated 240 million tokens between September 9 and September 14, according to data from Santiment. Their total holdings now sit at nearly 19 billion DOGE, about 12.18% of the total supply.
Crypto analyst Ali Martinez took note of this accumulation and set price targets for Dogecoin based on on-chain data. Using the UTXO Realized Price Distribution (URPD) metric from Glassnode, Martinez identified a strong support zone at $0.0813, where 35 billion DOGE previously changed hands.
5/6 This accumulation has reinforced a major on-chain support floor near $0.0813, where almost 35 billion $DOGE were previously traded.
As long as this level holds, the bullish setup remains intact, with $0.1552 and $0.1774 as the next upside targets. pic.twitter.com/bALVCjRRK7
— Ali Charts (@alicharts) September 3, 2026
Analyst Price Targets
Martinez stated: “As long as this level holds, the bullish setup remains intact, with $0.1552 and $0.1774 as the next upside targets.”
The whale buying did not stop the price from falling. CoinGlass data shows $39 million more in spot outflows than inflows between September 9 and 14, meaning overall selling pressure outweighed whale purchases.
Separately, Trader Tardigrade (@TATrader_Alan) pointed to Dogecoin’s historical price behavior on a monthly chart. He noted that DOGE has consolidated at a “floor level” three times before — in 2015, 2019, and 2022 — and each time was followed by a large price increase. He described the current price action as sitting on a third floor, calling it a historical pattern rather than speculation.
$DOGE/monthly — When DOGE Leaves the Floor 🐕❇️
❇️ Every single time #Dogecoin has consolidated at a floor level, it has launched into a parabolic bull run.
📊 Three historical floor patterns
🚀 Each floor = massive breakout
🔥 2015 floor → Explosive move
🔥 2019 floor →… pic.twitter.com/BmCRUaw85K— Trader Tardigrade 🧬 (@TATrader_Alan) September 16, 2026
ETF Inflows and Technical Levels
On the ETF side, Dogecoin saw $248,510 in inflows on September 16, all coming from the Grayscale Dogecoin Trust (GDOG). The Bitwise DOGE ETF, which is set to close in October, and the 21Shares TDOG ETF received no inflows.
DOGE was one of only four crypto assets to record ETF inflows that day, alongside Solana, Tron, and Hedera.
On the technical side, DOGE has broken below its 50-day EMA and the lower boundary of a descending triangle. If it closes below that level for three consecutive days, a further drop to $0.069 is possible.
The RSI currently sits at 42, pointing lower. A move above $0.086 would be needed to flip the short-term trend back to bullish, with the 200-day EMA at $0.093 as the next target above that.
Over the past 30 days, DOGE is still up 14.53%.
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