As Dogecoin Slips Another 1%, Technical Signals Point to a Deepening Bear Market?

Jakarta, Pintu News – Strong selling pressure continues to overshadow the movement of Dogecoin (DOGE). This meme coin is stuck in the $0.09 to $0.1 price range in the aftermath of rejection at the $0.117 level when the market in general corrected.

As of February 19, DOGE was trading at $0.09883, registering a decline of 1.00% in the last 24 hours. The asset has also continued to print progressively lower highs for three consecutive trading sessions, a technical pattern that clearly indicates the waning strength of bullish sentiment from investors.

Dogecoin price drops 1.00% within 24 hours

On February 19, 2026, Dogecoin continued to face headwinds, shedding 1.00% over the past 24 hours to trade at $0.09883, or roughly IDR 1,677. Throughout the day’s session, the popular memecoin experienced a sluggish trajectory, fluctuating between a daily low of IDR 1,654 and a peak of IDR 1,724.

At the time of writing, Dogecoin holds a total market capitalization of approximately IDR 282.43 trillion. Meanwhile, trading activity reflects the broader market’s hesitation, with the 24-hour volume settling at around IDR 12.95 trillion as investors navigate the ongoing bearish sentiment.

Read also: Ethereum Price Hovering at $1,900 Today: ETH Sell-Off Getting Massive?

DOGE’s recovery efforts have failed

Dogecoin’s upward momentum was broken after touching the $0.15 peak. Since then, various recovery attempts from the bullish camp have always ended in failure. Each rally has faded before managing to print a newhigher high, eventually dragging DOGE down below the psychologically important $0.1 level.

Nevertheless, the buying action has not completely disappeared. Every time DOGE dips below $0.1, demand emerges to hold the price. While successful in preventing a sharper drop, this buying pressure is not yet strong enough to trigger areversal. The market is now at a fragile equilibrium point, making the $0.1 level a key battleground and gauge of investor sentiment.

On the other hand, fund inflows in the spot market are still inconsistent. There has been no significant and sustained volume of purchases from either institutional or retail investors. This lack of impetus from the spot market further minimizes the chances of DOGE price recovery in the near future, unless there is a drastic change in overall market conditions.

Futures Activity Surges amid Sluggish Prices

Amid sluggish demand in the spot market, Dogecoin (DOGE)futures market activity has soared. Based on CoinGlass data, there was aninflow of $591,500,000 versus anoutflow of $574,190,000.

This net cash flow of $18,330,000 reflects an impressive surge of 161%, giving a strong signal that traders are starting to take aggressive positions in anticipation of the next big move.

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This stark difference between spot and futures activity suggests that some market participants are waiting for abreakout, although it is not yet confirmed by the current movement. The high volume of futures may magnify price volatility when a breakout occurs.

However, this is no guarantee of a bullish trend. Highly leveraged positions are highly vulnerable to triggering a wave of liquidation that could accelerate the price crash if macro conditions worsen further.

Technical Indicators Confirm Bearish Dominance

Technically, DOGE is still stuck in a bearish trend. The Relative Strength Index (RSI) indicator has been stuck below the 50 level for four consecutive days. This confirms that sellers are still in full control and buying pressure is not enough to reverse the momentum.

This weakening projection is further reinforced by the Directional Movement Index (DMI) which slumped to 19, while the ADX rose to 46 and ADXR touched 54. The positive directional index, which is at its lowest point, signals a strong downward push. The high ADX number also confirms that the current downtrend is very dominant and has not yet run out of steam.

Looking at all these indicators, the weakening trend is projected to continue unless a new catalyst emerges that can change the market dynamics. If selling pressure continues to dominate and the $0.1 level fails to be maintained, DOGE prices are at risk of plummeting towards the $0.08 support zone. A drop to this level could potentially trigger a chain reaction of massive liquidation in the futures market.

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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. Crypto trading activities are subject to 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:

• Coinpaper. Dogecoin Price Prediction: Can DOGE Recover to $0.12 or Will It Crash to $0.08? Accessed on February 19, 2026