Crypto
DOGE Price Rises as ETFs Post First Monthly Outflows Since Launch
Dogecoin (DOGE) price is up by 1.23% on August 1, trading at $0.070 after a month of outflows from Dogecoin ETFs. The Grayscale Dogecoin ETF saw net inflows in July, but overall DOGE ETFs experienced their first monthly outflows since launching in November 2025.
Data from SoSoValue shows that Dogecoin ETFs recorded $525,980 in outflows in July 2026, marking the first time they've seen a decline. Despite this, total net assets remain at $9.96 million with cumulative inflows of $12 million since launch.
A bearish long-term forecast is emerging for Dogecoin price due to the weekly SMA death cross and negative MACD line. This could lead to a drop in price to the October 2023 low of $0.056 if it closes below support at $0.070.