Dogecoin Price Nears Cycle Base as ETFs Record Zero Net Flows

TLDR:

• Dogecoin price traded around $0.0631 after falling 2.66% in 24 hours, as Bitcoin slipped 2.63% during the broader crypto selloff.
• Trader Tardigrade says Dogecoin has reached a cycle base where past rebounds occurred and expects a bounce into a cycle transition.
• Grayscale and 21Shares recorded zero daily net flows between October 14 and November 13, although their ETF shares could still trade.
• DOGE could test $0.067 if $0.062 holds and Bitcoin stays above $67,000, while a break below support could expose the $0.060 level.

Dogecoin price fell to around $0.0631 on November 14 as the wider crypto market came under pressure. The meme coin slipped 2.66% over 24 hours, close to Bitcoin’s 2.63% decline, according to market data.

The drop brought the Dogecoin price close to $0.062, a level traders are watching for signs of support. It coincided with a month of zero daily net flows for the two tracked US spot Dogecoin ETFs.

Despite the weakness, crypto analyst Trader Tardigrade says Dogecoin has reached a potential cycle base. He expects a bounce could lead into the next phase of its market cycle.

Dogecoin Price Tests Support as Analyst Sees Cycle Base

In a November 14 post on X, the analyst pointed to Dogecoin’s monthly chart. He described the current area as a zone where the price bounced in previous cycles.

The analyst expects another rebound could move DOGE into what he calls a cycle transition. His view rests on the token repeating earlier price behavior, although past rebounds do not guarantee another recovery.

The monthly chart offers a longer view than daily price swings. That also means a possible cycle shift could take time to develop, and a lasting bottom remains unconfirmed.

The near-term DOGE price prediction centers on $0.062 support. CoinGlass data showed the Dogecoin price touched $0.06210 on November 14 before trading around $0.0631. 

Dogecoin Price Analysis. Source: X

If that support holds and Bitcoin stays above $67,000, DOGE could attempt a move toward $0.067. That target sits about 6.2% above $0.0631.

A break below $0.062 could instead bring $0.060 into focus. That level is roughly 4.9% below the quoted price.

The Dogecoin price has moved alongside Bitcoin during the latest decline. No verified Dogecoin-specific event has emerged as the clear cause of the selloff.

Trading figures also show a slight slowdown on Binance. CoinGlass recorded $38.76 million in DOGE trading volume on November 13, down from $39.12 million the previous day. Those figures cover one exchange and do not capture the entire market. 

DOGE closed at $0.06751 on November 11, before falling to $0.06454 on November 13. Reclaiming $0.067 would bring it close to that earlier closing price.

Dogecoin ETFs Record a Month Without Daily Net Flows

The Dogecoin price decline has unfolded alongside a quiet period for the two US spot funds tracked by SoSoValue. Neither Grayscale’s GDOG nor 21Shares’ TDOG reported a daily net inflow or outflow from October 14 through November 13. 

According to SoSoValue, the last reported daily outflow at $138,570 on October 13. Another tracker attributes that withdrawal to Bitwise’s fund rather than the two products still trading. 

Source: SoSoValue

Bitwise’s DOGE ETF had its final trading day on October 14. The fund was liquidated on October 22, with remaining shareholders receiving cash. 

Zero net flows do not mean ETF shares stopped trading. The figure measures net creations and redemptions, while investors can still buy and sell existing shares on an exchange. 

The data also cannot show whether institutions alone bought or sold shares. Retail investors can trade these funds too, and matched buyers and sellers need not trigger a net flow.

Grayscale’s product began trading in November 2025, while 21Shares launched its ETF in January 2026. Both give investors exposure to Dogecoin through a brokerage account without requiring them to hold the coin directly. 

Grayscale reported $9.15 million in net assets as of November 13. The latest available figure from 21Shares showed about $1.59 million as of November 12. 

Together, those reported figures amount to roughly $10.74 million. Grayscale represents about 85% of that combined total, although the two figures reflect different dates.

ETF assets can fall when the Dogecoin price declines, even without withdrawals. Conversely, a price recovery could lift those assets without attracting new money.

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