Dogecoin Price Drops to $0.09 Today: Will DOGE Experience Further Declines?

Jakarta, Pintu News – Dogecoin (DOGE) remains under strong selling pressure and has recorded three consecutive days of weakness. Retail investor sentiment took a hit after the Federal Reserve (Fed) delayed interest rate cuts, which triggered a short-term sell-off in the crypto market and negatively impacted DOGE derivatives.

From a technical perspective, the outlook for DOGE points to the potential for further weakness as bullish momentum begins to weaken. Then, how will Dogecoin price move today?

Dogecoin price drops 0.74% within 24 hours

As of March 20, 2026, Dogecoin posted a 0.74% decline over the past 24 hours, trading at $0.09417, or around IDR1,608. During the same period, DOGE moved within an intraday range of IDR1,568 to IDR1,623.

At the time of writing, Dogecoin has a market capitalization of approximately IDR244.07 trillion, while its 24-hour trading volume stands at around IDR15.9 trillion.

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Liquidation Spike in Dogecoin Derivatives Signals Downside Risk

The Fed’s decision to keep interest rates on hold on Wednesday (18/3) also pressured crypto markets, sending Bitcoin (BTC) down to below $72,000 and pushing the CMC Crypto Fear and Greed Index to 33, reflecting the state of fear among crypto asset investors.

Correspondingly, market sentiment towards Dogecoin moved increasingly bearish, as weakness in the spot market triggered forced liquidations on Dogecoin derivatives. CoinGlass data shows that $5.49 million worth of DOGE positions were liquidated in 24 hours on March 19, 2026, with $5.09 million of that coming from long liquidations. This confirms the growing bearish pressure.

Amidst the rise in liquidation, the Open Interest (OI) of DOGE futures also fell by more than 8% over the same period to $1.06 billion, further reinforcing the risk-off sentiment in the market.

Is Dogecoin Ready for a Downturn?

As of March 19, 2026, Dogecoin was trading below $0.095 and moving in a bearish trend for three consecutive days. The meme coin is still well below its declining 50-day, 100-day, and 200-day Exponential Moving Average (EMA), signaling strong bearish pressure on the upper price levels.

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The latest price rejection near the 50-day EMA at $0.1016, which subsequently triggered a three-day decline, further reinforces the view that the price recovery is still stuck in a medium-term bearish context.

The Moving Average Convergence Divergence (MACD) histogram started to shrink after recording a limited positive phase, while the MACD line moved back near the signal line. This indicates that the upward momentum is fading. On the other hand, the Relative Strength Index (RSI) is at 48, or close to the center line, indicating a consolidation phase instead of a decisive trend reversal.

In the near term, Dogecoin is eyeing the February 11 low of $0.0879 as the next important support area, which acts as a buffer before a potential deeper drop towards the February 6 low of $0.0800.

For a new recovery to take shape, DOGE needs to register a daily close above the 50-day EMA at $0.1016. If this level is successfully broken and maintained, the upside movement could potentially continue towards the R1 Pivot Point at $0.1144.

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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:

• FX Street. Dogecoin Price Forecast: DOGE extends losses as market sentiments weaken. Accessed on March 20, 2026