After being rejected at $0.117 amid a broader market pullback, DOGE has hovered between $0.09 and $0.10. The memecoin last traded around $0.101, up 1.33% on the day, signaling heightened volatility. Since the move to $0.15, bulls have failed to sustain an uptrend, leaving price action with lower highs for three straight days.
Amid this consolidation, buyers and sellers have both stepped in, extending the market weakness. Every dip below $0.10 has been met with buyer support as the level acts as a defense. Buyer’s Strength rose to 9.2 from 48 the previous day, signaling renewed demand at discount levels.
On the demand side, the Demand Index remained negative around -0.026, indicating selling pressure outpaced buying despite sporadic buying activity. Over the past 24 hours, DOGE recorded about 830.8 million in Sell Volume versus 783 million in Buy Volume. Futures demand also intensified, with inflows rising to $591.5 million and netflow totaling $18.33 million, a 161% increase.
Longs dominate the market, with the Long/Short Ratio at 2.90 and longs accounting for about 74.34% of positions. At the time of writing, DOGE was testing the $0.10 support, while the RSI remained in the bearish territory for four consecutive days; the DMI stood at 19 as the ADX and ADXR rose to 46 and 54, respectively. If selling pressure persists, a drop toward $0.08–$0.10 is possible, but a renewed push from buyers—especially via futures—could retest $0.10 and push toward $0.12. Overall, DOGE remains in a narrow range amid rising selling pressure and declining demand, while renewed futures interest could pave the way for another leg up.
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