Dogecoin Price Weakens Today: DOGE Holds Critical Support Ahead of X Money Launch!

Jakarta, Pintu News – On March 11, Dogecoin (DOGE) price briefly traded around 0.0922, down 2.41%, with sellers still controlling the market on the daily time frame, while the short-term structure attempted to hold on the 1-hour chart. The session high was recorded at 0.0949 before sellers stepped in, keeping DOGE below the 20-day EMA at 0.09433 that has capped any recovery attempts since February.

So, how is the Dogecoin price moving today?

Dogecoin Price Drops 0.58% within 24 Hours

On March 12, 2026, Dogecoin experienced a 0.58% correction over the past 24 hours, trading at $0.09199, which is equivalent to IDR 1,554. During this period, the price of DOGE fluctuated between IDR 1,541 and IDR 1,599.

At the time of writing, Dogecoin’s market capitalization is approximately IDR 239.29 trillion, with a 24-hour trading volume of around IDR 21.73 trillion.

Read also: Ethereum Price Hovers at $2,000 Today: ETH Network Activity Reaches New Peak!

1-Hour Chart: Rising Wedge Formation After Bounce at $0.087

The 1-hour chart (11/3), shows the formation of a rising wedge that started from a low on March 9 around 0.087, with prices surging sharply to 0.1007 before retreating to current levels. The wedge is bounded by two rising trend lines approaching each other, with the lower bound providing support around 0.091 and the upper bound capping at 0.098 to 0.100.

The MACD on the 1-hour chart is at -0.00053 with the signal line at -0.00036 and the histogram at 0.00017, showing that the distance between the lines is narrowing. A bullish MACD crossover above zero would be the first short-term momentum confirmation.

The Bull Bear Power indicator at -0.00247 remains in negative territory, suggesting a similar story where buyers are trying to reclaim positions without fully taking control of the market.

Read also: Bitcoin Price Held at $69,000 Today: Strong Signals Indicate BTC Base Phase Below $60K!

Key level:

• Lower wedge support: ~0.091 rising
• Demand zone 0.087 to 0.088
• 20-day EMA resistance: 0,09433
• Upper limit of wedge: 0.098 to 0.100
• 50-day EMA resistance: 0,10327

X Money launches in April, but DOGE integration is still unconfirmed

Elon Musk confirmed on March 10 that X Money will enter early public access in April, marking the long-awaited launch of the social media platform’s financial services. The app allows users to set up direct deposits, earn proceeds, and make peer-to-peer payments, competing directly with platforms like Venmo and Cash App.

X has secured more than 40 money transmitter licenses in various US states and announced Visa as a funding partner in January 2025.

However, for DOGE holders, no crypto functions were announced. Despite years of speculation about Musk’s support of DOGE, the X Money feature currently shows no obvious crypto connection. Musk recently did re-share a third-party forecast that lists crypto integration as a future feature, but the company has yet to provide clear details.

DOGE jumped more than 8% on Monday based solely on speculation, and the subsequent decline suggests that the market is starting to predict the absence of confirmation rather than the possibility of inclusion.

Derivatives: Volume Doubles but OI Declines

Volume nearly doubled, surging 99.95% to 4.94 billion dollars, reflecting the sharp intraday swing from 0.087 to 0.100 and back. However, open interest (OI) fell 4.94% to 1.11 billion dollars, confirming that the volume was driven by position closures instead of fresh capital building new exposure.

This difference is important because it means that the rally lacks the structural support needed to sustain higher prices.

The long/short ratio on Binance stands at 2.34 for accounts, with OKX showing a more bullish tendency at 3.23. Top trader accounts on Binance stand at 2.71 while top trader positions stand at 1.46, suggesting that institutional participants are less committed to the long side than retail.

Long liquidation reached 3.50 million dollars compared to 4.03 million dollars for shorts in 24 hours, an unusually balanced liquidation picture, reflecting the bumpy two-way price action in the session.

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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:

• CoinEdition. Dogecoin Price Prediction: DOGE Holds Key Support Ahead of X Money Launch. Accessed on March 12, 2026