Dogecoin Struggles to Find Momentum Today, but On-Chain Metrics Tell a Much More Bullish Story

Jakarta, Pintu News – Dogecoin price held above $0.10 over the weekend as traders assessed the momentum. Market analysts suggest that bulls are targeting a potential move towards the $0.20 level.

DOGE has been trading sideways in recent weeks, but a new wave of buying could trigger a breakout rally this month. So, how will the Dogecoin price move today?

Dogecoin Price Drops 4.51% in 24 Hours

Dogecoin’s price action took a bearish turn on February 23, 2026, as the token slid 4.51% over a 24-hour period to trade at $0.09295—approximately IDR 1,567. The popular meme coin experienced notable volatility during the session, navigating a range between an intraday high of IDR 1,646 and a low of IDR 1,548.

As of today, Dogecoin maintains a market capitalization of roughly IDR 264.09 trillion, supported by a daily trading volume of IDR 13.39 trillion.

Read also: Ethereum Navigates a Storm as a Sharp 5% Correction Collides with a Retreat in Staking Activity

Why Dogecoin Price Could Surge to $0.20 This Month

The Dogecoin price has the potential to accelerate towards the $0.20 level this month as momentum gains on key meme tokens. Recent price increases in assets such as Shiba Inu , Pepe (PEPE), Pump, Bonk (BONK), and Pengu indicate a resurgence of investor interest in speculative assets.

The total market capitalization of the meme sector currently stands at around 35.3 billion, following a daily gain of 2.3%. Analysts observed that a second wave rally in the market is highly likely if Bitcoin and Ethereum are able to maintain their upward trends.

In addition, the performance of other major assets such as XRP , Solana , and Cardano is expected to increase the market’srisk appetite and help boost Dogecoin’s price. Overall, the world crypto market has increased by 1.88% to 2.35 trillion in the past day. Spot ETF instruments also continue to expand market visibility with the latestinflow reaching around 9.05 million.

On-chain indicators also show higher accumulation by whales and an increase in the number of active addresses. These changes indicate an improvement in sentiment and a possible shift towards higher price levels.

Dogecoin Forms Cup-and-Handle Formation, Raising Breakout Expectations

A crypto analyst highlighted the appearance of a familiar bullish pattern on the 24-hour chart (2/21). He observed that the meme coin was forming a cup-and-handle pattern, which is usually an indicator of a breakout.

The analyst stated that Dogecoin has recently completed a perfectcup shape after a steady recovery phase. Currently, the price appears to be forming ahandle, which is the last step before a potential price increase begins.

Read also: Bitcoin’s Slide to $64,000 Signals a Deeper Descent into Stage 4 of the Bear Market

The chart he laid out shows that the cup pattern has arounded bottom, which is then followed by a shortpullback that defines the handle.

A breakout above the handle area could strengthen the bullish sentiment if buyers remain in control of the market.

Dogecoin price eyes 100% breakout as it holds key support

As of February 21, the price of DOGE was trading at $0.10, showing a slight increase of 3% in 24 hours. The Chaikin Money Flow (CMF) indicator hovers around 0.04, indicating mild accumulation that has started to return after a period of sluggish markets.

Meanwhile, the RSI value hovers around 52, indicating neutral momentum with noexhaustion. The indicator is moving slightly upwards as renewed buying interest begins to develop slowly.

Technical levels outline clear upside targets. A breakout above $0.12 could direct DOGE towards $0.15, where stronger resistance is likely to emerge. Continued strength above that zone could pave the way towards $0.20, which marks a majorrange high on the chart. Dogecoin’s long-term forecast shows potential for expansion beyond 100% of the current price.

On the other hand, any dip below $0.10 could take DOGE to the $0.09 support level which acts as a lower boundary on the chart. Losing control of the region could trigger further selling pressure and undermine market confidence in the short term.

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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:

• Coingape. Dogecoin Price Prediction Feb 2026: Will DOGE Break $0.20 This month? Accessed on February 23, 2026