Dogecoin Drops 16% Then Stabilizes Above 0.10

Dogecoin's price experienced a sharp decline over the past week, dropping as much as 16 percent before stabilizing above the key 0.10 support level, amid rising network activity that signals renewed investor interest in the meme-based cryptocurrency.

The token fell from around 0.1085 to an intraday low of 0.094 on February 3, 2026, before recovering to trade near 0.105. This four-day slide erased significant value, driven by broader cryptocurrency market weakness and risk-off sentiment that also pressured ether and other speculative assets. Spot trading volumes decreased during the downturn, while futures activity surged, indicating heightened speculation rather than sustained buying pressure. Multiple support levels, including 0.106 and 0.110, gave way as sellers dominated, though bids emerged near 0.103 to halt further losses late in the session.

Despite the volatility, on-chain metrics point to growing participation. Active addresses on the Dogecoin network rose 36 percent over the past week, surpassing 71,400, according to data from blockchain analytics. This uptick reflects increased usage and engagement, even as the overall crypto market faced uncertainty. Exchange net...