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- Overhead supply at $0.1 may push Dogecoin price 35% down to retest next major support around $0.065 to $0.060.
- A falling channel pattern drives the mid-term downtrend in $DOGE coins.
- Social media conversations about altcoin season have dropped to their lowest level in roughly two years, according to Santiment’s tracking metrics.
$DOGE, the largest memecoin by market capitalization, fell 2.43% during Friday’s U.S. market session to trade at $0.091. This drop follows the footsteps of the pioneer cryptocurrency Bitcoin as it dives below the $70,000 amid rising oil prices and escalating geopolitical tension.
As the price correction in these cryptocurrencies prolonged, the social media platform witnessed the mentions of “altseason” reach its lowest level in the last two years, signaling capital rotation to Bitcoin or stablecoin. Will the bearish market sentiment push Dogecoin price below $0.8?
Social Media Mentions of Altseason Hit Multi-Year Low: Santiment Data
Social media discussions on “altseason” are at an all-time low point over the past two years, according to recent Santiment tracking data. Weekly mentions across platforms are down sharply, down around 78% from the highest levels being in seen in 2024.
Several big altcoins have experienced massive price dips. Dogecoin, Solana, and Cardano have dropped roughly 60% to 75% from their respective highs as funds seem to be flowing to Bitcoin and stablecoin holdings instead.
The Altcoin Season Index, which gauges the number of top altcoins able to outperform Bitcoin in a recent time period, is currently in the low-to-mid 40s. This is still well below the general threshold of 75, which people generally use to signify the onset of a full altcoin season.
Historical patterns from Santiment and market records indicate similar points of minimal discussion. In the third quarter of 2019, the mentions dried up way up before altcoins posted gains of several hundred percent in the following months.
The pattern was repeated in the second quarter of 2020. During the fourth quarter of 2022, social interest reached cycle lows, followed by many altcoins that provided returns between 120% up to over 450% in the following year.
This decreased chatter aligns with overall market rotation towards Bitcoin’s market dominance in early 2026.
Here’s Why Dogecoin Price Faces a Risk of 35% Breakdown
In the last 48-hours, the Dogecoin price has plunged from $0.099 to $0.091 current trading value, registering a loss of 9.3%. This pullback signals intact overhead supply and risk of continued correction in the near term, as discussed in the Dogecoin forecast.
Interestingly, the ongoing correction trend is strictly resonating within the formation of falling channel patterns in daily charts. Since October 2025, the coin price has been steadily resonating within two parallel trendlines that provide dynamic resistance and support to the $DOGE price.
The daily relative strength index (RSI) at 42% indicate that market sentiment is bearish
With sustained selling, the coin price could plunge another 35% to retest the pattern’s bottom trendline at $0.059.
However, the current downtrend is capped by the channel support. If coin buyers manage to defend this floor, the Dogecoin price could attempt another recovery leap to breach channel resistance.
