Dogecoin price faces intense selling pressure amid $448M in crypto liquidations. Key support at $0.08 could determine DOGE’s next move. The popular meme coin is trading at $0.09017, down 1.11% in 24 hours and 3.67% over the past week. Year-to-date losses stand at 23.33%, with one-year holders posting an average loss of 53.85%.
The token began 2026 on solid footing, buoyed by a 20% gain in December 2025. Optimism carried it to a January 6 high of $0.1566. That momentum faded fast. Selling pressure mounted through January, and by February, Dogecoin had collapsed to a multiyear low of $0.0799.
It has struggled to recover meaningful ground since. Rising U.S. Treasury yields and a strengthening dollar have created a hostile environment for risk assets. Of the $448 million in total liquidations recorded in the last 24 hours, roughly 85% came from long positions. That translates to approximately $398 million in long bets wiped out against just $50 million in short liquidations. The data signals that bullish traders remain overexposed and vulnerable.
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