Dogecoin price expected to decline by 14% for fifth consecutive month
February 28, 2026
extended period of bearishness due to the recent dip in the crypto market. Institutional interest in Dogecoin has not taken off as expected, with exchange-traded fund (ETF) products not gaining traction, and assets under management remaining below $10 million while prices linger below $0.10.
The performance of Dogecoin in February has been disappointing, with a 14% price crash in the last 30 days putting the meme coin at risk of marking a fifth consecutive month in the red. Since October 2025, when it experienced a significant 20% drop below its monthly average, Dogecoin has been struggling to regain momentum in the market. Data from CryptoRank shows that Dogecoin’s average performance in February stands at -3.32%. Despite hopes of a turnaround in the last 48 hours, the recent broader decline in the crypto market, with a 5.5% decrease, has dashed any optimism of breaking the losing streak.
Following Bitcoin’s 5.6% decline, Dogecoin experienced a corresponding drop, erasing any gains that had been made in previous market trading sessions. Currently trading at $0.08802, Dogecoin has seen an 8.84% decline in the last 24 hours. Despite briefly reclaiming the critical $0.10 price level, the recent downturn in the market has pushed Dogecoin back to its current market price.
The outlook for Dogecoin remains bleak, with the meme coin consistently underperforming since October 2025. Closing at -21.3% in November, despite a monthly average gain of 15.5%, Dogecoin continued on a downward trajectory in December 2025 and January 2026, closing at -19.9% and -11.3% respectively, compared to monthly averages of 18.9% and 76.9%. The quarterly performance of Dogecoin has also been disappointing, with the meme coin ending the last three months of 2025 in negative territory with a cumulative loss of 50%. The first two months of 2026 have also seen Dogecoin decline by 25%, signaling a continued bearish trend unless there is a significant shift in March.
Investors closely following Dogecoin’s metrics note a lack of confidence in the coin beyond its price, as open interest decreases and the meme coin faces challenges in gaining momentum. The technical signals suggest a prolonged bearish phase for Dogecoin amidst the current market downturn. Despite anticipation of institutional interest in Dogecoin, ETF products have not gained popularity, with assets under management staying below $10 million as prices struggle to surpass $0.10.
