Dogecoin dropped more than 6% on Tuesday, sliding to around $0.103 as broader crypto markets took a hit. The move came even as prominent macro investor Jordi Visser and crypto bull Anthony Pompliano both made the case that the meme coin's setup is far from bearish — and as spot Dogecoin ETFs logged modest inflows over the past two weeks.
What the analysts see
Visser, a former Micron executive and longtime macro trader, said Dogecoin's chart is 'on the verge of a breakout.' His reasoning: negative real rates, sticky inflation, and the Fed's $1.2 trillion annual interest expense are forcing capital rotation into hard assets. Dogecoin, he argued, is positioned to catch that flow.
Pompliano went a step further, calling the token 'an alarm system' and 'the most pure play non-institutional asset that has size and liquidity in crypto.' It's a stark contrast to the price action on the screen — but both men are looking past the day's red candle.
ETF inflows and the technical picture
Spot Dogecoin ETFs have seen net inflows on four of the last eight trading days. Total net inflows for May 2026 stand at roughly $1.3 million. That's not a tsunami, but it's consistent. Grayscale's GDOG product had a notable $460,000 inflow on April 30 — a flow that ended a 72-day consolidation period and, according to some traders, helped push the price toward current levels.
The technicals are mixed. Immediate resistance sits at $0.11. A sustained daily close above that level, especially with accelerating ETF inflows, is considered a trigger for a move higher. The 200-day moving average at $0.125 is the next real test. Reclaiming that opens a path toward the end-of-2026 target of $0.150.
On the downside, support is the 100-day EMA at $0.10. A break below that would invalidate the breakout structure Visser is talking about.
The whale factor and a new meme token
Large holders aren't bailing. The 149 biggest Dogecoin wallets collectively hold 108.52 billion DOGE — worth about $11.6 billion at current prices. Late last month, 739 transactions above $100,000 were recorded in a single day. That kind of whale activity suggests big money isn't running for the exits.
Meanwhile, a new Ethereum-based meme token called Maxi Doge ($MAXI) has raised over $4.7 million in its presale at $0.0002819 per token. It offers dynamic staking APY and holder-only trading competitions — a different play entirely, but a sign that the appetite for dog-themed crypto hasn't faded.
For now, Dogecoin sits just above its key support level. Whether it breaks higher or lower likely depends on whether those ETF inflows accelerate — and whether the macro rotation Visser is betting on actually shows up.
