Dogecoin Rewrites History, Ends Four-Month Sell-Off Streak

u.today 2 h

Analytics

Dogecoin ($DOGE), the king of the meme coins, looks set to rewrite history as it is on course to end a four-month sell-off streak. The meme coin has consecutively closed in the red since October 2025 but is now on the verge of ending January positively.

Dogecoin posts January gains after months of declines

Cryptorank data reveal that Dogecoin is currently up by 3.51% for January, a month that boasts an average 78% growth rate. Although the 3% gain looks small when compared to its average figures, Dogecoin investors are excited by the development considering its recent performance since October 2025.

Notably, $DOGE had slipped deep into the red zone, falling 20%, 21.3% and 19.9% in October, November and December 2025, respectively. This was despite its monthly positive average of 8.94%, 15.5% and 18.9%, in that order.

The poor performance recorded in the last quarter of 2025 in the Dogecoin ecosystem was largely due to broader market fluctuations, which also affected Bitcoin. The meme coin’s coupling to the leading asset severely impacted it as it plunged sharply.

With $DOGE currently up by over 3.5%, a sustained engagement by traders and investors alike could support it to close in the green. This might give market participants confidence to go into February, which does not have bullish history.

Meanwhile, an internal meme coin battle of supremacy is brewing between Dogecoin and Shiba Inu ($SHIB). In the history of both meme coins, $SHIB has never lost February to $DOGE in terms of price performance. Meme coin traders look forward to another battle in 2026.

Dogecoin price's headwinds

As of press time, Dogecoin is exchanging hands at $0.1206, which represents a 3.27% decline in the last 24 hours. $DOGE was trading at a peak of $0.127 previously, but low trading volume has negatively affected the meme coin’s growth potential.

Dogecoin’s volume has dropped by 13.2% to $1.07 billion within this time frame due to regulatory pressure from both Russia and the U.S.

Additionally, Dogecoin’s technical signals suggest $DOGE has slipped below the $0.125 pivot point, a crucial support it held since October 2025. With the Relative Strength Index at 42.59, Dogecoin still has room for downward slips before it hits oversold conditions.

Dogecoin investors will be hoping it maintains its 3.5% gain and closes January on a positive note. To achieve this, the massive sell-off in the Dogecoin space would need to drop with more accumulations to ease selling pressure.