Dogecoin Price Edges Higher Today — Could Selling Pressure Still Be Weighing on DOGE?

Jakarta, Pintu News – Dogecoin ’s recent market movements have been a tug-of-war between buyers and sellers. The price is still stuck below an important resistance level, but still showing signs of a fragile but real recovery in early 2026.

As of January 11, DOGE was trading in the range of $0.139 to $0.140. The price is just below the key $0.14 level which previously served as support, but has now turned into resistance.

Buyers briefly tried to defend the $0.14 level when the price retested it, but pressure from sellers managed to hold back and push the price back down. As a result, the upward momentum started to weaken.

So, how is the Dogecoin price moving today?

Dogecoin price rises 0.47% in 24 hours

On January 12, 2026, Dogecoin saw a modest 24-hour gain of 0.47%, trading at $0.1398, or approximately IDR 2,369. Over the past day, DOGE fluctuated within a range of IDR 2,389 to IDR 2,305.

As of this writing, Dogecoin’s market capitalization is estimated at around IDR 393.08 trillion, with a 24-hour trading volume of approximately IDR 14.76 trillion.

Read also: Ethereum Holds Around $3,100 — Is Technical Pressure Building on ETH?

Momentum Weakens Near Resistance Levels

However, the 7-day SMA has started to decline and is now above the price, approaching the $0.144 level. This suggests that the short-term momentum has weakened and pressure from sellers is starting to dominate the market.

In contrast, the 200-day SMA is still well above the current price, close to the highs of the previous range. This structure confirms that overall, the market trend is still dominated by bearish sentiment, despite a brief recovery.

Trading volume also declined after the last price bounce, indicating a lack of continued buying from investors. The RSI indicator is also hovering around the 50 level, reflecting balanced market conditions and indecision on the next direction.

This puts Dogecoin (DOGE) at a technical decision point.

If the price remains below the $0.14 level, then the downside risk could continue to the $0.13 to $0.12 range. Conversely, if DOGE manages to reclaim the $0.14 level with the support of increased volume, the price could start to stabilize and potentially rise towards $0.15.

ETF Hype Fades, DOGE Futures Liquidity Dries Out

Derivatives data shows declining participation after a previous spike due to speculation around ETFs.

According to data from CoinGlass, the Open Interest (OI) on DOGE futures had risen from around $1.5 billion at the end of June to almost $6.0 billion by mid-September. During that period, DOGE traded in the range of $0.25 to $0.28.

However, the momentum did not last after the launch of the ETF.

In mid-October, Open Interest plummeted sharply to around $2.0 billion. Thereafter, it stabilized in the range of $1.2 to $1.4 billion throughout December to early January.

Specific data from Binance also shows a similar pattern.

Read also: 3 Popular Meme Coins to Watch in 2026, Potential to Soar or Collapse?

DOGE Futures Open Interest on Binance peaked at $1.15 billion in mid-September. But then it dropped below $400 million and continued to shrink to close to $300 million as DOGE prices consolidated in the $0.14-$0.15 area.

This change creates more fragile liquidity conditions. Lower leverage participation could potentially magnify selling pressure in the event of future volatility spikes.

DOGE Under Significant Selling Pressure

Additionally, Dogecoin is currently under significant selling pressure, as shown in the monthly chart shared by technical analyst @alicharts. If this downward trend continues, the $0.06 area is expected to be the next strong support point for Dogecoin.

In the chart, the price of DOGE appears to have failed to defend its previous support zone around $0.14-$0.16, and now appears to be heading lower.

In the absence of a clear trend reversal signal, continued selling pressure could push prices back to test the long-term support level at $0.06 – a level that was previously an important consolidation area in the previous market cycle.

This analysis highlights the importance of the $0.06 level as a potential point for a price bounce if selling pressure continues to dominate the market. For traders and investors, this could be a key level to watch before making further decisions.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• AMB Crypto. Dogecoin’s ETF buzz wears off – Should DOGE traders brace for $0.12? Accessed on January 12, 2026