Dogecoin cryptocurrency has been under the bearish pressure lately after the price failed to break above the resistance level 0.1160 (former strong support from December). The price is currently approaching the key support level 0.0875, which has been reversing the price from the start of February. If the price breaks below support level 0.0875, Dogecoin cryptocurrency can then be expected to fall to the next support level 0.0790 (which stopped earlier wave (2)).
As of 24 February 2026, Dogecoin remains under bearish pressure as it approaches the key 0.0875 support after failing to break above the 0.1160 resistance, which previously served as support in December. The price is approaching this level, signaling continued downside momentum in the near term. The setup suggests bearish sentiment will persist unless buying strength returns.
A break below 0.0875 would open the path toward the next support near 0.0790, a level that halted earlier wave (2). If 0.0875 holds, a reversal could emerge, but the prevailing downtrend remains until price action confirms otherwise. Traders should monitor the action around these levels for early signals of weakness or potential reversal. Overall, the near-term outlook remains bearish with risk of further losses if the 0.0875 support gives way.
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