Dogecoin (DOGE) price is up today by 1.23% today, August 1, to trade at $0.070 at the time of writing. The gains come after DOGE ETFs recorded their first monthly outflows since they started trading in November 2025.
Spot Dogecoin ETFs Record $525K Outflows Since Launch
Data from SoSoValue shows that Dogecoin ETFs had $525,980 in outflows in July 2026. This marks the first time that the ETF have recorded outflows since they began trading in November 2025 after getting regulatory approval from the SEC.
Dogecoin ETFs now have total net assets of $9.96 million, with the total cumulative inflows coming in at $12 million.
The Grayscale Dogecoin ETF is the biggest one with net assets of $6.83 million, and it was the only one that recorded flows in July 2026
Dogecoin was also the only other ETF, apart from Hyperliquid (HYPE), to post net outflows in July 2026. DOGE ETFs saw only one day of inflows in July 2025, per an earlier report by CoinGape.
Dogecoin Price Prediction as Weekly SMA Death Cross Emerges
The weekly chart for Dogecoin price shows that it has created a death cross with the 50-week SMA moving below the 200-week SMA.
This cross usually suggests that bears have tightened their grip and the price of Dogecoin could move lower.
The MACD line that is negative also supports a bearish long-term Dogecoin price forecast.
Dogecoin price could drop to the October 2023 low of $0.056 if it closes below the support of $0.070.
This drop could come from panic selling, considering that it is the first time that Dogecoin price is forming a death cross on its weekly chart.
The drop to $0.056 could also occur because of an increase in selling pressure due to escalating geopolitical tensions after President Trump threatened to launch “very hard strikes” on Iran.
Derivatives Market Analysis
Data from Coinglass shows that the open interest on Dogecoin has increased by 0.06% to $1.08 billion.
Despite this increase, Dogecoin’s OI remains six times lower than the $6 billion reported in September 2025. This drop suggests a drop in the speculative demand for DOGE futures positions.
However, short sellers continue to increase their bets that the price of Dogecoin will keep dropping after the long/short ratio dropped to 0.82.
Still, long buyers who are betting against the downtrend continue to count losses after long liquidations reached $3.6 million, higher than the $22,000 in short positions.