Dogecoin Gains Strength Today as Social Media Sentiment Turns Bullish

Jakarta, Pintu News – Dogecoin (DOGE) has twice tested the technical and psychological resistance level of $0.1 since February 25. However, on both attempts, the memecoin still failed to break through the supply zone. According to CoinMarketCap on March 8, Dogecoin fell 1.24% in 24 hours, but Open Interest increased 4.6%.

So, how is the Dogecoin price moving today?

Dogecoin Price Rises 1.19% in 24 Hours

On March 9, 2026, Dogecoin climbed 1.19% over the past 24 hours, trading at $0.09037, or about IDR 1,534. During the same period, DOGE fluctuated between IDR 1,469 and IDR 1,555.

At the time of writing, Dogecoin’s market capitalization is approximately IDR 234.34 trillion, while its 24-hour trading volume is around IDR 17.47 trillion.

Read also: Ethereum Price Rises to $1,982 Today: ETH Threatened to Fall to $1,800?

Negative Funding and Open Interest Rise on Weak Prices

According to AMB Crypto, a more detailed review of the data shows that the Funding Rate has been in the negative area since Friday, March 6. In addition, Open Interest continues to increase despite the price moving down. Spot CVD is also in a downward trend and approaching a local low.

Speculative and spot market participants appear to believe that the Dogecoin (DOGE) price will fall in the short term.

Dogecoin Social Media Sentiment is Bullish

Engagement on social media has been relatively positive over the past month. Weighted Sentiment had experienced a sharp spike in recent weeks, indicating bullish online engagement.

In fact, the most recent spike in positive engagement and increase in Social Volume occurred on March 4, when the major memecoin approached the key supply zone at $0.1 again.

At the same time, the 30-day MVRV briefly edged into positive territory. However, the market enthusiasm was misplaced. Short-term holders chose to realize profits, while the price then corrected and moved down again towards the $0.088 support zone.

Read also: Bitcoin Price Reaches $67,000 Today: Whales & Long-Term Holders Keep Buying BTC!

What’s Next for Dogecoin?

The long-term swing structure still shows a bearish tendency. Fibonacci retracement levels indicate that $0.117, $0.109, and $0.103 are key retracement areas.

The implication is that the latest attempt to reclaim $0.1 is more accurately read as a DOGE sell signal, rather than a strong indication that a breakout is imminent.

On March 8, the $0.088 support (which was formed in February) is being tested. Consistent OBV declines in recent weeks, the long-term bearish trend, as well as the failure of the RSI to break the neutral 50 area signaled that sellers are still in control. Therefore, the chances of a further decline look greater.

Trader’s Call: Anticipate Breakout Below Local Support

The Liquidation Map highlights a large cluster of potential liquidation of long positions in the $0.084-$0.088 range.

This high-leverage liquidation has the potential to be “swept away” in the next few days, especially if Bitcoin (BTC) continues its bearish momentum and drops towards the local support zone of $63k-$65.

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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:

• AMB Crypto. Dogecoin’s $0.088 floor is under attack – ONE signal says it won’t hold. Accessed on March 9, 2026