Dogecoin slips below $0.10 as rally fades; open interest falls under $1B
Dogecoin (DOGE) failed to sustain a recent rally and fell back below the key $0.10 level after briefly reaching $0.11. Renewed selling pressure and thin volumes followed the rejection above $0.10, producing intraday lows near $0.091–$0.095 before a marginal rebound. On-chain metrics show smaller retail holders distributing positions, while futures open interest has plunged from a September 2025 peak above $5 billion to under $1 billion, signalling waning retail-driven momentum. Technicals place DOGE near the lower boundary of a falling channel and below the 50- and 100-day simple moving averages; the daily MACD shows early bullish signs but the RSI is around 50. Exchange flow and sell-volume data point to continued bearish dominance; traders should watch volume, buy-sell delta and open interest for confirmation. Immediate resistance sits at $0.10 and the moving averages; a decisive breakout and hold above those levels would be needed to shift the outlook bullish. If DOGE closes back below $0.10, downside targets include February lows near $0.08 and a possible extension to the $0.08 area if selling persists. Key keywords: Dogecoin, DOGE price, open interest, sell volume, RSI, momentum, support level, buy-sell delta, bearish dominance.
Bearish
The combined evidence points to a bearish outlook for DOGE. Price failed to hold the $0.10 support after a brief rally and posted intraday lows around $0.091–$0.095, indicating rejection at resistance. On-chain signals show retail distribution, and futures open interest has collapsed from over $5B to under $1B, removing much of the retail leverage that fueled prior rallies. Exchange sell-volume and negative buy-sell deltas add selling pressure, while technical indicators place DOGE below the 50- and 100-day SMAs and inside a falling channel. Although the MACD shows nascent bullish momentum and RSI sits near neutral, these are insufficient to counteract the broader bearish signals. For traders, this increases the probability of further downside in the short-to-medium term: a confirmed close below $0.10 would likely target $0.08, whereas only a clear breakout and sustained close above $0.10 and the moving averages would shift the view toward bullish.