Dogecoin price hits key support as demand for Wall Street ETF fades
July 18, 2026
decline in Dogecoin price and the lack of new capital inflows into U.S. Dogecoin ETFs, T. Rowe Price’s entry into the crypto market has not sparked renewed interest in the meme coin among investors. The ETFs have not attracted any fresh money in a full month, despite T. Rowe Price allocating 1.28% of its actively managed cryptocurrency ETF to Dogecoin.
The asset manager, known for its extensive experience in the stock market, is seen as providing Wall Street recognition to Dogecoin by including it in its portfolio alongside larger cryptocurrencies like Bitcoin and Ethereum. Although T. Rowe Price invested $15 million in seed capital in the fund, the amount allocated to Dogecoin is relatively limited at around $192,000 worth of the meme coin.
The decline in Dogecoin’s price and the lack of new inflows into Dogecoin ETFs suggest a waning interest in the meme coin in both retail and institutional markets. The recent market report indicates that Dogecoin’s price has fallen by about 54% since its peak in January, leading to a $1.2 billion sell-off in the meme coin sector.
Technical analysis of Dogecoin’s price shows a descending triangle pattern on the daily chart, with the price hovering near a critical support level of $0.071. Momentum readings indicate a bearish trend, with the Average Directional Index signaling existing strength in the downward movement. On the 4-hour chart, indicators like the MACD line and Relative Strength Index suggest continued selling pressure and a lack of short-term buyer momentum.
A confirmed break below the $0.071 support level could potentially expose lower price targets at $0.070, $0.068, and $0.065. Conversely, a rebound above the $0.0755 resistance level could see a potential move towards the July high near $0.079. Concentrated liquidity levels around $0.0705 and $0.070 may attract trading activity if the $0.071 support fails to hold.
Despite the addition of Dogecoin to T. Rowe Price’s new actively managed crypto ETF, the lack of fresh capital inflows into existing Dogecoin ETFs and the overall market trend indicate a challenging period for the meme coin. Wall Street’s interest in Dogecoin through T. Rowe Price’s ETF has not yet translated into increased demand or price recovery for the crypto asset.
