The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.

Dogecoin price at $0.067: DOGE falls to its lowest level since November 2023

Analysis: Dogecoin drops to $0.0667 after the US inflation data, its lowest price in three years. What the derivatives market shows, which levels from 2023 now count and how to use losses for tax purposes.

Iron cage deep down in a dark mine shaft, with a gold coin bearing the Dogecoin symbol lying on the grated floor in the light of a miner's lamp
Dogecoin falls to its lowest level since November 2023.
13 min read
Share:

Dogecoin fell to its lowest level in three years on Tuesday. On Tuesday evening, November 10, 2026, Dogecoin (DOGE) traded at around $0.0675, or €0.0605, on the OKX exchange, after sliding as low as $0.0667 during the day. In OKX's daily data, DOGE last cost this little on November 9, 2023. The decline was set off in the afternoon, when US consumer prices for October came in higher than expected and pulled Bitcoin below $73,000.

What is documented: prices, daily ranges, open interest, the funding rate and liquidations come from OKX's public market data, and the inflation figures from the US Department of Labor. Our assessment of what the three-year low means for the coming weeks follows further down in a separate paragraph.

DOGE below its August low: the lowest price since November 9, 2023

Until early afternoon, Dogecoin held just below $0.0700, and at 3 p.m. German time the price stood at $0.0689. In the hour from 4 p.m. it then fell as low as $0.0667 and recovered only slightly. Since the start of the day at 1 a.m. German time, it is down 3.7 percent, and compared with the October 11 daily close of $0.0868 the loss is 22 percent.

The picture over longer periods is starker. On November 10, 2025, Dogecoin closed at $0.1818; a year later the price is 63 percent lower. The 2026 high came on January 6 at $0.1566, and DOGE has lost 57 percent since then. From the record of the last bull run, $0.4843 on December 8, 2024, 86 percent has melted away.

A price below the August low was the mark at which the direction was supposed to be decided after the weekend's declines. According to OKX, the lowest daily low of the summer months came on August 1 at $0.0676. No price below that traded in 2025 and 2026 until DOGE briefly fell to $0.0671 on Sunday, November 8. On Tuesday it went another $0.0004 lower. The amount looks small, but it has no precedent in the data of the past three years.

US consumer prices up 0.4 percent: the trigger came at 2:30 p.m.

According to the Bureau of Labor Statistics release, US consumer prices rose 0.4 percent in October from the previous month, against expectations of 0.3 percent. The core rate excluding energy and food was also above forecast at 0.3 percent. The agency published the figures at 2:30 p.m. German time. What the data show in detail and why a rate hike by the US Federal Reserve on December 9 has become more likely as a result is covered in our article on the inflation data from the afternoon.

For Dogecoin, the news worked through Bitcoin. The largest cryptocurrency fell to a daily low of $72,727 by the evening and was trading at around $73,100 at about 5:40 p.m., 3.0 percent below its level at the start of the day. Higher interest rates make safe investments more attractive and raise the cost of the credit used for trading in the crypto market. The first to suffer are assets that generate no yield of their own. Dogecoin has neither fee income for holders nor a staking yield, so its price depends solely on demand and risk appetite.

Measured in satoshis, the hundred-millionth part of a bitcoin, DOGE nevertheless lost only slightly on Tuesday: $0.0675 at a Bitcoin price of $73,100 works out at around 92 satoshis per DOGE, after 93 satoshis on Monday evening. The decline was therefore only a little steeper than Bitcoin's. That argues against a Dogecoin-specific trigger and for a market reducing risk across the board.

Long row of toppled wooden dominoes on the concrete floor of an empty warehouse, with only the last three still standing
Every long position that is closed pushes the price toward the next pain threshold.

Open interest down 22 percent: forced selling on the long side

Open interest shows how heavily the derivatives market was involved in the decline. Open interest is the sum of all positions in futures and perpetual contracts that have not yet been closed. For the DOGE contracts on OKX, the exchange reported a value of $108.8 million at the start of Tuesday. By Tuesday evening, the DOGE perpetual contract on OKX was down to $84.9 million. A good fifth of the positions were thus closed within a single day, after the figure had already dropped from $119.7 million to $111.3 million between Sunday and Monday.

Part of this was not voluntary. Between 4:44 p.m. and 5:37 p.m. German time, OKX reported 100 forced liquidations on the perpetual contract, and all 100 hit long positions, meaning bets on rising prices. Together they covered around 4.7 million DOGE. A forced liquidation occurs when the collateral posted for a leveraged position has been used up by price losses; the exchange then closes the position itself. For a long position, that means a sale. This sale pushes the price down further and brings the next position to its limit. The hourly chart shows exactly this pattern: in the hour from 4 p.m., $0.0032 separated the high from the low, more than in any other hour of the day.

Funding rate near zero: buyers in the derivatives market are still holding out

What stands out is who is still in the market after the decline. On OKX at the start of Tuesday, there were 5.26 accounts with a long position for every account with a short position. On Sunday the ratio stood at 4.92, and at the beginning of November at 4.36. The number of accounts betting on a recovery has therefore risen in the same week in which the price fell by a good 10 percent.

The funding rate only partly confirms the picture. It is a balancing payment between the long and short sides of perpetual contracts that falls due every eight hours; when it is positive, long holders pay. At the 1 a.m. German time settlement it stood at plus 0.0050 percent, at 9 a.m. at plus 0.0034 percent and at 5 p.m. at just plus 0.0007 percent. The willingness to pay for a long position is declining, but there is no sign of the short-side majority that often forms before a countermove.

Sentiment across the wider market is also subdued. The Fear and Greed Index from the data service Alternative.me stood at 32 points on Tuesday, in the fear zone, after 25 points on November 7. The index combines price volatility, trading volume, search queries and Bitcoin's dominance into a single number between 0 and 100.

November 2023 vs November 2026: same price, opposite direction

The comparison with the last time Dogecoin cost this little reveals one difference above all. On November 9, 2023, the daily low was $0.0638, but the daily close was $0.0736. Back then DOGE was coming from below: on October 20, 2023, the price had closed at $0.0599, and in those weeks Bitcoin was rising in anticipation of the first US Bitcoin ETFs. By December 11, 2023, Dogecoin had climbed to $0.0942, and by the end of March 2024 to a high of $0.2289.

Today the direction is reversed. Dogecoin is reaching $0.067 after ten months of downtrend rather than on its way up, and Bitcoin has also lost ground over the past 30 days. The number on the screen is the same; the situation behind it is not. Anyone who concludes from autumn 2023 that a three-year low must be followed by a rally is applying a move that had a catalyst at the time to a market that lacks that catalyst today.

One technical measure, by contrast, is the same: the price is far below its moving averages. The 50-day average of closing prices on OKX stands at $0.0841, and the 200-day average at $0.0854. A moving average is the mean of closing prices over the stated number of days. Dogecoin is 25 percent short of its 50-day line.

Changed since Monday: the zone from $0.0679 to $0.0690 has been broken

On Monday evening, Dogecoin cost $0.0700. Our article on the August low identified the zone between $0.0679 and $0.0690 as support at the time, because the price had turned higher there in August and on Monday. It named $0.0714, Monday's daily high, as the hurdle to the upside.

Two things have happened since then. DOGE never even reached the $0.0714 hurdle; Tuesday's daily high was $0.0704. And the support zone was breached to the downside in the afternoon, with a daily low $0.0012 below its lower edge. Its role is thus reversed: what was the floor yesterday is, from today, the first level a recovery has to win back. Traders call this a role reversal between support and resistance.

What has not changed is the dependence on Bitcoin. On both Monday and Tuesday, Dogecoin fell with Bitcoin, and on both days the discount in satoshis was small. On Tuesday, too, there was no Dogecoin-specific news that would explain the decline.

Yellow tape measure on a worn stone staircase leading down into a dark vaulted cellar, with a flashlight beside it
Below $0.0667, only the prices of autumn 2023 remain.

Support at $0.0638? What the 2023 price history offers

To the downside, Dogecoin has no recent levels left after breaking the August low. The nearest prices at which buyers stepped in date from autumn 2023. The daily low on November 9, 2023, was $0.0638, around 5 percent below Tuesday evening's price. Below that comes the range from $0.0579 to $0.0600, where DOGE closed for around two weeks in mid-October 2023 before the recovery began. Levels that are three years old, however, carry less weight than fresh ones: many investors who bought at those prices back then have long since left the market.

To the upside, the broken zone from $0.0679 to $0.0690 is the first hurdle. Above it lies $0.0704, Tuesday's daily high, and then $0.0714, Monday's high. Only a daily close above $0.0714 would show that the sell-off of recent days is over.

Our assessment: as long as Bitcoin trades below $75,000 and the US Federal Reserve does not rule out a rate hike in December, Dogecoin lacks the tailwind for a recovery above the broken zone. The figures in this article support that view: a price 25 percent below the 50-day line, open interest that is only now being unwound, and a long side on OKX that remains fully occupied at 5.26 accounts per short account. Each of these positions is a potential sale if the price keeps falling. On the other side, part of the leveraged positions was already closed on Tuesday and the funding rate is almost at zero; an overheated derivatives market looks different. There is no certainty in either direction, and a total loss is possible with Dogecoin as with any cryptocurrency.

Offsetting Dogecoin losses: almost every purchase since November 2025 is under water

For investors in Germany, the three-year low has a tax angle that can be checked. Cryptocurrencies held as private assets count as private disposal transactions under Section 23 of the German Income Tax Act. If you sell DOGE within one year of buying it, the gain is taxable, provided all private disposal gains of the year reach the €1,000 exemption threshold. A loss from such a sale, on the other hand, can be offset against gains from other private disposal transactions in the same year, for example from Bitcoin or Ethereum, or carried over to other years.

Because Dogecoin has never been as cheap since November 10, 2025, as it was on Tuesday, almost every purchase of the past twelve months is showing a loss. The only exceptions are purchases on November 8, 2026, when the price briefly fell to $0.0671. If you sort your positions by purchase date, you can quickly see which ones are still within the one-year period. Only for these is a loss usable for tax purposes; once the period has expired, gains and losses are irrelevant for tax. Whether the plans to abolish this holding period will go ahead is still open.

Offsetting a loss requires an actual sale; a paper loss in the portfolio is not enough. If you sell and buy back shortly afterwards, a new one-year period starts with the repurchase. And the loss has to be declared in Annex SO of the tax return, even in a year without gains, so that the tax office records it for later years. How losses from purchases made in November 2025 should be classified exactly is worked through in our article from Sunday. With many purchases across several exchanges, a program that sorts your holdings by purchase date helps; our crypto tax tools offer an overview.

Leverage and buying route: what Tuesday reveals about liquidation prices

The 100 liquidations in the afternoon show how close a liquidation price sits for a volatile coin. Tuesday's daily range was $0.0037, a good 5 percent of the price. With tenfold leverage, a drop of just under 10 percent is enough to wipe out the posted collateral, not counting fees and funding. Two such days in a row are enough.

If you buy Dogecoin on the spot market instead, meaning without credit, you cannot be liquidated. What matters then is the provider: since the end of the transition period of the EU's MiCA crypto regulation, exchanges that sell or hold crypto assets in Germany need authorisation as a crypto-asset service provider. Whether a provider has one is listed in the public register of the European Securities and Markets Authority, ESMA. Authorised providers and their fees for DOGE are listed in our exchange comparison. Check there too whether limit orders are offered: on a day with a 5 percent range, the order type determines the price at which a purchase is actually executed.

Dogecoin at $0.0675: a daily close above $0.0714 is still missing for a turnaround

  1. Sort your DOGE purchases by date and mark all those that are less than a year old. The crypto tax tools comparison shows how tax tools handle this across several exchanges.
  2. Decide what you will do on a daily close below $0.0638, and place orders at a distance from round numbers. Providers with stop and limit orders for DOGE are in the exchange comparison.
  3. Buy only from providers with MiCA authorisation and without leverage if you want to be able to sit through a day like this one. The authorised platforms are listed among the regulated crypto exchanges.

(As of November 10, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)

Frequently asked questions about Dogecoin

Transparency note: This article was produced with the assistance of artificial intelligence and reviewed by our editorial team before publication. All figures and claims were checked against the primary sources linked in the text. The feature image was generated with AI.

Related articles

Which topics should we dive deeper into?

Select what genuinely interests you. Your picks feed directly into our editorial planning.

Crypto news that's actually worth your time.

Weekly. 60 seconds. Carefully curated by our editors: no hype, no promo flood, no spam.

Subscribe

More on this topic

View All

More from CryptoTicker