Dogecoin Price Prediction: DOGE Stuck in Descending Triangle, What Happens Next?

Jakarta, Pintu News – At the time of writing on Friday, Dogecoin (DOGE) was trading above $0.090, but was still under downward pressure as it was held by the 50-day Exponential Moving Average (EMA), forming a descending triangle pattern.

In terms of market leverage, the short-term sentiment for this meme coin looks bullish, as Open Interest has increased by more than 4% in the last 24 hours. In order to reverse to an uptrend, Dogecoin needs to break the 50-day EMA level at $0.0961.

Bullish Bets Increase on First Meme Coin

Dogecoin is slowly showing gains among retail investors in the derivatives market, as trading activity increases. Typically, a surge in demand from retail investors is often associated with a potential short-term recovery in meme coin assets due to increased market speculation.

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According to CoinGlass data, DOGE’s Open Interest (OI) rose 4.2% in the last 24 hours to $1.13 billion. This increase indicates an increase in the notional value of open contracts, which could reflect increased use of leverage or accumulation of positions by market participants.

At the same time, the long-to-short ratio was above 1, signaling that the number of active long positions outweighed bearish bets. In addition, the funding rate of 0.0057% indicates a tendency for buying pressure from traders who are building new positions.

Dogecoin’s Direction Still Uncertain

Dogecoin is currently moving in a narrowing consolidation phase inside a descending triangle pattern on the daily chart, with the 50-day EMA continuing to strengthen the resistance line on the upside. Meanwhile, the basic support area of the pattern is at the February 11 low of $0.0879.

Read also: Dogecoin Price Strengthens Today After Whale Withdraws 327 Million DOGE from Robinhood!

Nevertheless, the momentum indicators on the daily chart are still showing quite constructive signals. The Moving Average Convergence Divergence (MACD) indicator is still moving above its signal line, which indicates a bullish tendency in the short term.

On the other hand, the Relative Strength Index (RSI) is at 49, or still close to the center line, indicating that the price direction has not shown strong dominance from buyers or sellers.

If Dogecoin manages to break the 50-day EMA at $0.0961, it could open up an upside opportunity towards the 100-day EMA at $0.1081.

On the contrary, the support level at $0.0879 is an important area that holds the downside potential towards the February 6 low at $0.0800. If the price closes daily below $0.0879, it will confirm a downward breakout of the descending triangle pattern and reinforce the continuation of the bearish trend.

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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: Trapped in a descending triangle while DOGE derivatives heat up. Accessed on April 10, 2026