Dogecoin Price Forecast: Whales Buy 240M DOGE as ETF Inflows Return
Decreased enthusiasm for the cryptocurrency market and Fed focus has intensified selling pressure on Dogecoin (DOGE) with the price of DOGE falling to $0.079 at -4% at the time of the data recorded. Not far behind, Bitcoin (BTC) and Ethereum (ETH) recorded respective drops of 0.8% and 1.6%. CoinMarketCap also recorded DOGE trading at $0.0801, also at a -4% change over the last 24 hours as of September 16, 2026.
Dogecoin Price Falls Despite Increased Buying from Whales
One market event unique to Dogecoin (DOGE) is accumulation from large holders that is continuing. According to Ali Martinez, large holders bought roughly 240 million DOGE between September 9 and September 14. This accumulation was done in a price decreasing market from $0.091 to $0.081, so buy the dips was clearly the investment thesis for them.
Buying from whales still has not been able to stop the selling pressure from dominating. From September 9 to September 14, the spot market recorded $39 million more outflows than inflows. This behavior also contributed to a drop for DOGE, and the price dropped to the levels it was on August 20.
Inflows of the DOGE-based ETF Return on September 16
An important element in predicting changes in the price of Dogecoin is the return of demand from the spot DOGE Exchange Traded Funds.
Reported data indicated about $248,510 of Dogecoin ETF inflows on September 16, credited to the Grayscale Dogecoin Trust ETF (GDOG). Grayscale provides such a product to allow investors to gain exposure to DOGE via ETF shares, instead of purchasing the cryptocurrency outright.
Of the cryptocurrencies that had ETFs, only Dogecoin saw inflows on September 16. However, US-listed cryptocurrency ETFs saw outflows that day, signaling a risk-off sentiment throughout the markets.
The regulatory uncertainty around the U.S. Senate’s CLARITY Act vote added another element of volatility to the crypto markets. The failed vote to move the bill contributed to the market pressure across digital assets.
Dogecoin Price Falls Below EMA
In terms of technical analysis, DOGE is trading below multiple moving averages. The Investing.com data on September 16 revealed the 50-day EMA at $0.0818 and the 50-day SMA at $0.0824. DOGE was trading below both levels and thereby could provide resistance in the event that price does rally. ([Investing.com Nigeria][4])
In comparison to the levels that were first seen earlier during the month, technical analysis paints a weaker picture. According to CoinMarketCap, support at around $0.078 is more important. A positive move towards the higher support zone of $0.086 would improve the technical analysis. A sustained break of support could lead to more trading at lower levels.
DOGE Price Analysis
The $0.081-0.082 region is of importance as it encompasses the recent breakdown level and the two 50-day moving averages.
A continued move back above this region shows willing buyers, and there’s resistance at $0.086 and $0.093, around the 200 day EMA, in the following order.
In detail level support sits at $0.078. If the selling pressure gains more strength and this level breaks we’re looking at $0.069, which is a potential 14% sell-off from $0.081.
The current state of DOGE is fractured, whale accumulation and ETF inflows are showing clear signs of demand, whereas there is strong selling, mixed technical signals, concerns over regulation, increased sell-off pressure, and selling in the crypto-market as a whole.
Technical levels are also weak and September 16th data shows DOGE trading below several moving averages and RSI readings are in the mid to high 30s to low 40s, depending on the provider and the time of the update.
