Dogecoin Price Explodes 8% Today: What Happened?

Jakarta, Pintu News – Dogecoin (DOGE) was trading around $0.09330 on February 25. The price movement was weak at the beginning and dropped to around $0.0911, but then turned around quickly and broke the $0.093 level again.

The latest upside push also suggests increased short-term buying interest. If DOGE is able to hold above $0.0925, the price could potentially move consolidative and test the next resistance around $0.094.

Then, how will DOGE price move today?

Dogecoin Price Rises 8.97% in 24 Hours

On February 26, 2026, Dogecoin rose 8.97% over the past 24 hours, trading at $0.1002, or approximately IDR 1,676. During the same period, DOGE fluctuated between IDR 1,538 and IDR 1,770.

At the time of writing, Dogecoin’s market capitalization is about IDR 285.04 trillion, while its 24-hour trading volume is roughly IDR 30.89 trillion.

Read also: DOGE vs. BTC: Emerging Momentum Signals a Potential Breakout for Dogecoin

Dogecoin Stays on the Trendline

Dogecoin is still trading above the descending trendline around $0.09 and, according to Targrade Traders, this still maintains a bullish structure. The price has tested the trendline several times and continues to find relatively consistent support in the $0.088-$0.089 area.

This repeated pattern of defense suggests that the selling side is not yet strong enough to push the price through the important structure to the downside. As long as DOGE is able to hold above $0.088, the broader trend can still be considered positive. However, the pace of the upside is slow and does not yet show strong bullish conviction.

In terms of momentum, conditions are still weak. Trading volume tends to be low and price bounces are relatively shallow, signaling limited buying demand. Some of the recent candlesticks also show indecision, which could mean that the bulls are not yet fully in control.

Targrade traders highlighted the $0.105 level as the closest resistance that needs to be broken with volume support. A decisive move above $0.11 would increase the chances of trend continuation significantly. If a demand push does not emerge, the price risks dropping back towards $0.088 or even testing the next support around $0.085.

Dogecoin Price Movement Held at 0.236 Fibonacci Key Support Level

Meanwhile, analyst Chad explained that Dogecoin closed weekly trading above the 0.236 log Fibonacci level at $0.093. This suggests that buyers are attempting to defend this important support area.

Read also: Ethereum Reclaims $2,000 as Whales Accumulate $18 Billion ETH Position

In recent sessions, DOGE prices have repeatedly tested this zone. The high frequency of testing indicates the area could potentially be an initial foothold for a bounce, especially if buying pressure increases.

Maintaining this level is considered crucial to prevent further declines towards the $0.049 area, which is the next major Fibonacci support.

Technically, DOGE’s weekly price movement reflects cautious optimism. In recent sessions, the trend is likely to remain bearish. However, the ability to hold the 0.236 Fibonacci level could attract short-term buying interest and help limit the potential for further declines. Market participants will be watching the price response around this zone.

If the price breaks down, it could signal the emergence of selling pressure again, while if this level is able to be maintained, DOGE has the potential to move consolidatively before the next upside opportunity is formed.

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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 Break Above $0.105 Resistance? Accessed on February 26, 2026