Dogecoin Rises to $0.094 Today as $570 Million in Crypto Liquidations Accelerate the Rally

Jakarta, Pintu News – Crypto markets moved higher on Tuesday morning (24/3) as interest in risky assets returned in global markets. Bitcoin (BTC) led the recovery, followed by other major altcoins.

The gains came as US stocks traded higher, with the S&P 500 and Nasdaq indices continuing the recovery rally that had started on Monday. At the same time, the US dollar weakened after market participants lowered expectations for more aggressive Federal Reserve policy tightening.

Dogecoin (DOGE) price joined the broader market rally by registering solid intraday gains, although technical indicators are still showing cautionary signals. The memecoin continued to rally despite a bearish crossover on the lower time frames, resulting in mixed signals for traders.

Then, how is DOGE’s current price movement?

Dogecoin Price Rises 0.50% within 24 Hours

As of March 25, 2026, Dogecoin has posted a 0.50% gain over the past 24 hours, with its price trading at $0.09471, or around IDR1,603. During the same period, DOGE moved within a range of IDR1,578 to IDR1,630.

At the time of writing, Dogecoin’s market capitalization stands at approximately IDR246.95 trillion, while its 24-hour trading volume is recorded at around IDR17.14 trillion.

Read also: Meme Coin DOGE, SHIB, and PEPE Price Prediction If Bitcoin Floats at $70K Level!

Dogecoin price rises despite death cross signal

Dogecoin price rallied and outperformed several major altcoins at the start of the trading session. This rise came despite a death cross pattern forming on the three-hour chart, where the 50-period moving average fell through the 200-period moving average. Generally, this pattern is seen as a bearish signal indicating a short-term weakening of momentum.

However, the market response this time showed a different direction. The price actually moved up before the death cross pattern was fully formed, prompting bearish traders to close their positions. Liquidation data shows that the liquidation of short positions was much larger than that of long positions. Short positions worth around $2.53 million were closed out, while long liquidations were recorded at around $938,590.

This imbalance suggests that traders who expected a price drop did not anticipate the sudden rebound. When short positions are liquidated, buying pressure increases as traders must buy back the asset to exit the trade. This can push the price up in a short period of time, even when the technical signals still look negative.

Read also: Ethereum Holds Near $2,100 Today, but a 17% Correction Risk Is Building

Broader Crypto Market Recovery Supports DOGE

This recovery is not unique to the Dogecoin price. The entire crypto market also recorded gains as investors responded to improving conditions in traditional financial markets. US stock indices moved up, while the US dollar weakened after market participants lowered expectations for continued interest rate hikes by the Federal Reserve.

Expectations of lower interest rates are generally a positive catalyst for risky assets, including cryptocurrencies, as they reduce borrowing costs and increase market liquidity. In these situations, digital assets often move in the same direction as tech stocks, especially when expectations for monetary policy are changing.

Liquidation data across crypto markets also confirms the change in sentiment. In the last 24 hours (3/24), positions worth around $570 million were closed. Of that, liquidation of short positions dominated with a total of around $367.05 million, while liquidation of long positions amounted to around $203.57 million.

This pattern shows that many traders who had previously entered positions in anticipation of falling prices were forced to exit when the market actually moved up. Such conditions are common in relief rallies, a phase when the market recovers quickly after experiencing heavy selling pressure.

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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 Climbs as $570M Crypto Liquidations Fuel Rally Despite Bearish Signal. Accessed on March 25, 2026