Dogecoin price stuck under $0.09 as $448M liquidations test $0.08 support
Dogecoin price is struggling below $0.09, trading around $0.09017 (-1.11%/24h; -3.67%/week) amid heavy selling and risk-off conditions. In the last 24 hours, crypto liquidations totaled about $448M, with roughly 85% from long positions—approximately $398M wiped out on longs versus ~$50M on shorts.
Macro pressure is compounding the move. Rising U.S. Treasury yields and a stronger dollar are weighing on risk assets, and CoinGlass data shows DOGE remains in the red across most time frames. There is no clear near-term signal for a sustained reversal, keeping market sentiment cautious.
Technically, the Dogecoin price focus is the $0.08 floor. The 0.07–0.08 zone previously acted as support in Jan 2024 and again slowed the drop in Aug 2024, enabling a rebound (to about $0.48 by Nov 2024). DOGE’s February low around $0.0799 retested that same area. A confirmed breakdown below $0.08 would likely shift next meaningful support toward $0.07 and extend the drawdown for holders. Holding above $0.08 would better preserve the historical recovery setup.
Bearish
The article frames a bearish setup for Dogecoin price: heavy long-liquidation ($448M total, ~$398M long wipeout) plus macro headwinds (rising U.S. yields, stronger dollar) and no clear reversal signal. The market is likely still in deleveraging mode, which historically can extend downside until liquidity is fully flushed. Technically, $0.08 is the immediate inflection point; failure to hold it could trigger a faster move toward $0.07, while only holding above $0.08 would preserve the prior rebound structure seen after earlier tests of the 0.07–0.08 band (Jan/Aug 2024). In the short term, traders may favor defensive positioning and wait for confirmation at/under $0.08; longer term, the outlook improves only if DOGE can reclaim momentum after the support battle.