Dogecoin (DOGE) is under threat! Price tests critical support, will it plummet?

Jakarta, Pintu News – Dogecoin is back in the spotlight of crypto market players after its stagnant price movements in recent weeks. Currently, DOGE is facing an important test in the support area that will determine the direction of its next movement. Analysts and traders are now highlighting two crucial price levels that could determine whether Dogecoin (DOGE) will rise or fall further. With high market volatility, this is a crucial point for the future of this popular meme coin.

Critical Dogecoin (DOGE) Support in the Spotlight

In recent weeks, the Dogecoin (DOGE) price has been moving sideways in the range of $0.09 to $0.10, signaling a tug-of-war between buying and selling forces. This has made market participants increasingly wary of a potential breakout or breakdown that could occur at any time. Based on Ali Martinez’s latest on-chain analysis, there are two key support levels to watch out for, at $0.096 and $0.074.

The $0.074 level was even referred to as a very strong wall of demand, where many investors had previously accumulated DOGE. This analysis is based on UTXO Realized Price Distribution (URPD) data, which charts the amount of Dogecoin (DOGE) purchased at various price levels.

Thus, this support area is not only technical, but also psychological for market participants. If the price of DOGE is able to hold above $0.096, then the short-term price structure is still maintained and the potential for a rebound remains open. However, if a breakdown occurs, the market’s attention will be immediately focused on the $0.074 level as the last stronghold.

Also Read: Elon Musk on Silver: 5 Facts, Opinions, and Impact on Precious Metal Prices

Potential Price Movement and Market Sentiment

Selling pressure began to mount as Dogecoin (DOGE) approached minor support at $0.096, signaling a shift in sentiment from cautious optimism to bearish tendencies. If DOGE fails to hold above this level, then it is likely that the selling pressure will intensify and the price could slide to the next support.

However, it should be noted that the $0.096 level is not a very strong support area, so a break below may not necessarily trigger an immediate massive sell-off. Instead, the market reaction at the $0.074 area will be the key determinant of whether DOGE is able to bounce back or slump further.

At $0.074, buyers are expected to start accumulating heavily, given that this area is a significant demand base. If the buying pressure is strong enough, DOGE could potentially form a new foothold to start a price recovery phase. Conversely, if this support fails to hold, then further selling could occur and take the Dogecoin (DOGE) price to lower levels. Therefore, the dynamics around these two support levels are very important for market participants to pay attention to.

Technical and Psychological Implications for Dogecoin (DOGE)

Support levels identified through the URPD not only serve as technical boundaries, but also as psychological benchmarks for investors and traders. When the price approaches a strong support area, there is usually an increase in buying activity as many consider the price to be cheap enough to re-enter the market.

However, if the selling pressure is too great and support is broken, then market confidence can waver and trigger further selling. This is often the trigger for high volatility in a short period of time. In addition, Dogecoin (DOGE) price movements in this support area can also affect overall crypto market sentiment, especially for other meme tokens such as Pepe Coin and Shiba Inu .

If DOGE is able to survive and rebound, then confidence in high-risk crypto assets may increase. Conversely, if DOGE slumps, then a domino effect could occur on similar crypto assets. Therefore, this moment is crucial for the future of Dogecoin (DOGE) and the meme coin ecosystem in general.

Conclusion

With the Dogecoin (DOGE) price currently hovering around $0.098, or up about 6.46% in the last 24 hours, the market is waiting for a reaction at two key support levels. The decisions of market participants in the $0.096 and $0.074 areas will determine the direction of DOGE’s movement in the near future. If the support is able to hold, the opportunity for price recovery remains wide open. However, if selling pressure dominates, Dogecoin (DOGE) could potentially experience a deeper correction and significantly change market sentiment.

Also Read: How to Play Bitcoin on HP for Beginners in 2026

Follow us on Google News to stay up to date with the latest crypto and blockchain technology. Check Bitcoin price, USDT to IDR and Nvidia stock price tokenized via Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading the Pintu crypto app via Play Store or App Store now. Also, experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro.

*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

• NewsBTC. Dogecoin Price Faces Critical Test As $0.074 Support. Accessed on February 23, 2026