#Dogecoin #DOGE原型柴犬KABOSU去世 #doge⚡ DOGE hits a 3-year low today, and whales are selling.
Dogecoin news - latest update today, November 12:
1. Current price
Price: $0.0687*, or *6 cents
Over the past 24 hours: up *+1.83%*, but this rise is very small
Over the past 7 days: down -11.6%
Over the past 30 days: down -17.2%
Over the past year: down -60.4%
From its all-time high of $0.7316 in May 2021, it is now down -90.8%
Market cap: *$10.7 billion*, ranked *12th
Volume: $452 million in 24 hours
Supply: 156.71 billion DOGE
2. DOGE has fallen for 7 consecutive weeks
DOGE has been falling for *7 consecutive weeks*, its longest losing streak in 3 years.
2026 low: $0.0666
Yesterday's low: $0.0674
Current price: *$0.0687*, very close to the low
3. Why did DOGE fall?
A. Whales are selling
Wallets holding between 100,000 and 100 million DOGE* sold *750 million DOGE since November 3*, worth *$51 million
These are the big whales who were accumulating; now they're selling
B. Network activity fell by 37%
From *November 6 to 8*, the network moved *7.96 billion DOGE per day
From *October 10 to 16*, it moved *12.62 billion DOGE per day
That means activity fell by *-37%*, and people aren't using DOGE anymore
C. ETF funds are stalled
DOGE ETF funds in the U.S. had zero inflows from *October 14 to November 10*, meaning *27 consecutive days without inflows or outflows—in other words, they're dead
21Shares terminated its contract with House of Doge on *November 5*, which had been handling its research, marketing, and support. They didn't say why they terminated it, but this is a bad sign.
D. The whole market is down
Bitcoin fell below *$75,000*, due to hotter-than-expected U.S. inflation and the Democrats' midterm election victory
DOGE always follows Bitcoin. If Bitcoin falls, DOGE falls even further
4. Technical analysis - what's next?
Nearby support: *$0.0666*, the 2026 low, and *$0.0651*, the *161.8% Fibonacci level*
If it breaks below $0.0651: it will head to *$0.0580*, the *200% Fibonacci level*, meaning *another -15%
Resistance: *$0.077*, *$0.0784*, which is the *MA-50*, and *$0.0885*, which is the *MA-200
RSI: *29.38*, meaning it's oversold, and *MACD is negative, while Stochastic is close to 0
This week's forecast: between $0.05899 and $0.07391
Long positions on Binance: 71.7% long versus 28.3% short, meaning people are still betting that DOGE will rise, but the market says otherwise
5. Good news: DogeOS is close to launching its mainnet
This is the only good thing about DOGE:
Jordan Jefferson*, CEO of *Dogecoin Labs*, said on *The Block podcast on November 11: "The DogeOS mainnet is very, very close"
DogeOS is a new layer that lets DOGE support *DeFi*, *gaming*, and *apps*, like Ethereum
More than 100 developers are working on DogeOS projects
Jordan also said: "I'd be surprised if DOGE didn't become the currency of Mars," since Elon Musk keeps saying that DOGE will be the currency of Mars
6. Other news:
The SEC approved options trading on DOGE funds on Nasdaq ISE
Upbit*, South Korea's largest exchange, holds between *$817 million and $1.1 billion in DOGE, meaning it has sufficient reserves
DOGE inflation: *3.3%*, and it will fall to *0% over time
7. DOGE or SHIB or PEPE?
DOGE: down 40% since the start of the year
SHIB: down 40% since the start of the year
PEPE: down 7% since the start of the year
So DOGE and SHIB have lost more than PEPE in 2026.
DOGE summary:
DOGE is holding at $0.068.
If it holds $0.066*, it will rebound to *$0.077*, then to *$0.088
If it breaks below $0.065*, it will head to *$0.058*, which would be *a disaster
DOGE is very cheap right now, but there's no catalyst for it to rise apart from DogeOS and Elon Musk.$DOGE
