TLDR
- DOGE fell over 3% in 24 hours, trading around $0.0901, below its 20-EMA ($0.0934) and 50-EMA ($0.0985)
- Around $1.45 million in DOGE positions were liquidated in 24 hours, with 98% being long positions
- Analyst Ali Martinez flagged DOGE is “stuck” inside a descending triangle, with a potential 29% move either way
- Key resistance sits at $0.0916 and $0.0932; support zones at $0.0896 and $0.0884
- DOGE futures open interest held steady at ~$1.05 billion, while the long/short ratio sits at 0.87, favoring shorts
Dogecoin has been under consistent selling pressure in recent days, struggling to hold key technical levels. Data from multiple sources points to bearish short-term conditions, though some analysts see a pattern that could eventually support a move higher.
DOGE was trading at around $0.0901 on March 30, 2026, down more than 3% in 24 hours according to CoinMarketCap. The price sits below both its 20-period EMA at $0.0934 and its 50-period EMA at $0.0985, which typically signals continued downward pressure.
The Relative Strength Index (RSI) sits at 43, placing DOGE in neutral-to-bearish territory. The MACD line is also below the signal line, pointing to fading upside momentum.
Crypto analyst Ace noted that sell-side activity has been dominant in recent order flow. According to Ace, “the red delta bubble area has been significantly larger than the other colored bubbles for recent orders,” pointing to sellers controlling short-term price action.
$DOGE trading at $0.0906 with a clear intraday downtrend and consistent sell-side pressure, shown by dominant red delta bubbles and failed attempts to reclaim higher liquidity. Overhead resistance is stacked at $0.0916 and $0.0932 where sellers continue to absorb any upside,… pic.twitter.com/oNwA8LHARh
— Ace (@acethebulllly) March 29, 2026
Sellers have consistently blocked any advance above $0.0916 and $0.0932. If buyers can’t reclaim those levels, the downtrend is likely to continue.
Liquidations Signal Weak Buyer Confidence
About $1.45 million in DOGE was liquidated in the past 24 hours, according to CoinGlass. Nearly 98% of those were long positions, meaning traders betting on price gains were forced out as the price dropped.
Liquidation cluster data shows heavy activity just below $0.0890. If the price breaks that level, it could accelerate selling toward even lower targets.
Futures volume dropped nearly 20% in 24 hours. Open interest remained flat at roughly $1.05 billion, suggesting traders are not opening many new positions. The long/short ratio stands at 0.87, meaning short sellers slightly outnumber longs overall.
Analyst Flags Triangle Pattern
Analyst Ali Martinez posted on X that DOGE is “still stuck in a triangle,” following an earlier post citing a descending triangle formation on the 4-hour chart. Martinez had projected this pattern could lead to a 29% price move, though no direction was specified.
Dogecoin $DOGE is still stuck in a triangle! https://t.co/Mc1VyPUNVD pic.twitter.com/vMUdsJ3RDI
— Ali Charts (@alicharts) March 29, 2026
As of Sunday, that move had not materialized. DOGE dipped to $0.088 before bouncing back to around $0.092 overnight.
Market analyst Bitcoinsensus also noted that DOGE appears to be cycling through a repeated pattern of accumulation, markup, pullback, and repeat. The current structure suggests a pullback phase, though no clear reversal signals are present short-term.
Open interest in DOGE futures rose 3.21% in the past 24 hours per CoinGlass. Bullish bets on memecoins also picked up on Binance’s derivatives market over the same period.
DOGE was trading at $0.09230, up 0.80% in 24 hours at the time of Benzinga’s report, with a weekly gain of 1.50%.
