Dogecoin Clings to $0.09 as Long-Term Holders Crank Up the Market Pressure

Jakarta, Pintu News – Dogecoin (DOGE) is stealing the spotlight as the asset successfully maintains a criticaltrendline, while posting unprecedented numbers on long-term cycle indicators.

Traders observed a cautious yet structurally interestingsetup, reflecting both potential and uncertainty. The token has managed to holdsupport levels through multiple tests, but momentum remains low, raising questions about the strength of buyers’ conviction.

Analysts warn that volume and market participation will be key determining factors in establishing whether Dogecoin is able to sustain a sustained upward movement.

Dogecoin Price Drops 0.96% within 24 Hours

On February 24, 2026, Dogecoin experienced a slight 0.96% pullback over the past 24 hours, settling at $0.09224, or approximately IDR 1,553. Throughout the daily trading session, DOGE navigated a narrow channel, fluctuating between an intraday low of IDR 1,542 and a high of IDR 1,637.

At the time of writing, the popular meme coin’s total market capitalization hovered around IDR 263.22 trillion, supported by a steady 24-hour trading volume of roughly IDR 16.52 trillion.

Read also: As Ethereum Slips to $1,800, Is a Plunge to $1,300 on the Horizon?

Trendline Support Holds Amid Low Momentum

The Dogecoin price has tested thedescending trendline for six consecutivedaily candles, with each attempt successfully keeping the price above thesupport level.

Trader Tardigrade’s analyst reports that technically this structure is bullish, but he notes that the current price action is still underpowered.

“This move lacks the buyer conviction needed to confirm a true breakout,” says Tardigrade. He emphasizes the importance of volume spikes and the appearance of strong candles as reliable confirmation signals for trends.

Without those factors, thissetup seems more speculative than reliable, with momentum still on hold.

Tardigrade adds that volume remains a crucial factor, as low market participation during trendline testing can result infalse signals. Traders are advised to monitor price behavior closely before deciding to take a position.

A close above resistance accompanied by high volume will have more validity than multiple closes with low volume. Until these signals emerge, Dogecoin remains in a technical wait-and-see zone, where trendline support provides a positive but not fully guaranteed outlook.

Read also: As Bitcoin Clings to $64,000, a Massive $60 Billion Whale Dump Sparks Fears of a Crash

Historical Metrics Signal Pressure on Long-Term Holders

On-chain metrics reveal that Dogecoin has reached a milestone in the number of days spent in a profit position(Number of Days Spent at a Profit), surpassing 1,100 historical days where the price was higher than the current price.

Analyst Joao Wedson noted that this is the first time Dogecoin has reached this mark. “This is a cyclical development, rather than just a short-term signal,” Wedson noted, explaining that it reflects Dogecoin’s position relative to its overall price history.

The metric indicates that most past holders of the asset are currently in a losing position, a condition that historically often precedes a long-term accumulation phase in similar assets. Wedson highlighted that the combination oftrendline support and this historical metric gives analysts two angles to track Dogecoin’s trajectory.

Thesesetups offer insight into structural market interest, while reminding traders to keep a close eye on momentum and market participation for confirmation of direction.

Dogecoin’s position at the intersection of technical support and historical cycle data underscores the complexity of its current market structure. Analysts continue to monitor both indicators for signs of a more sustainable price movement.

Follow us on Google News to stay up to date with the latest in crypto and blockchain technology. Check Bitcoin price, usdt to idr and tokenized nvidia stock price via Pintu Market.

Enjoy an easy and secure crypto trading and crypto gold investment 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:

• Coinpaper. Dogecoin Shows Trendline Strength as Historical Metric Hits New High. Accessed on February 24, 2026