Dogecoin: How traders can react to DOGE’s possible $0.10 move

ambcryptoОпубликовано 2026-02-13Обновлено 2026-02-13

Введение

Dogecoin (DOGE) is trading near a key long-term support level around $0.10, which some analysts suggest could be a historical bottom. Despite a weak memecoin sector and overall bearish market sentiment, a short-term bounce is anticipated. This rebound is expected to target resistance levels at $0.0989 and $0.104, potentially triggering short liquidations around $0.11. However, the longer-term trend remains bearish due to lack of demand. Traders are advised not to open long positions but instead consider selling into any bounce, especially if Bitcoin falls below $62k, which could push DOGE to new lows.

Dogecoin [DOGE] was trading at a key long-term support. Marked as a “historical bottom channel”, a crypto analyst pointed out that DOGE around the $0.1 mark might be a long-term market bottom.

The memecoin sector has been extremely weak in recent months. The sentiment across the rest of the market remained bleak. Experts forecast the bear market to last until Q4 2026, and possibly longer.

The long-term Dogecoin market bottom might or might not be in, but in the short-term, a minor price bounce can be expected. This would hunt the cluster of short liquidations overhead before reversing.

Short-term Dogecoin forecast

The 6-hour chart showed that a bearish trend was predominant for the leading memecoin. Over the past week, a bounce to $0.1 was met with a setback to $0.0885. This retracement tested the session close from the crash on Friday, the 6th of February.

There was reason to believe that Dogecoin is headed higher to collect the liquidity overhead before a bearish continuation. A recovery is unlikely because of the longer-term structure and the lack of demand that the OBV highlighted.

The Fibonacci retracement levels plotted for the recent H6 swing move showed that $0.0989 and $0.1040 were the key resistance levels. A retest of the latter level is expected in the coming days.

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On the 1-hour chart, the internal structure did not flip bullishly during the recent price bounce. The $0.094 level remained a local resistance, but it will likely be overcome soon.

The hourly RSI was back above neutral 50. Furthermore, the defense of the $0.00885 support and the higher low formed in the past 24 hours at $0.091 supported this idea.

Traders must wait for the bounce, then sell

The liquidation heatmap from the past two months indicated that a price rebound beyond $0.10 was likely. In particular, the $0.11 level, where local highs were set in early February, showed a large cluster of short liquidations.

At present, it was not an attractive risk-reward setup to go long or short. A bounce is not guaranteed. At the same time, a Bitcoin [BTC] crash below $62k will lead DOGE to new lows and make the drop to $0.1 bounce much less likely.


Final Thoughts

  • The Dogecoin trend remained bearish, but the defense of the $0.088 local support hinted at a brief respite from selling pressure.
  • Traders should not be looking to go long, though a price bounce appeared likely. Instead, they should be looking to sell the bounce.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

Связанные с этим вопросы

QWhat is the key long-term support level for Dogecoin mentioned in the article?

AThe key long-term support level for Dogecoin mentioned is the $0.10 mark, which is referred to as a 'historical bottom channel'.

QAccording to the article, what is the short-term price forecast for Dogecoin?

AThe short-term forecast suggests a minor price bounce is expected to hunt the cluster of short liquidations overhead, with a retest of the $0.1040 resistance level likely in the coming days.

QWhat does the article suggest traders should do in response to a potential price bounce?

AThe article suggests that traders should not go long but instead should look to sell the bounce, as the overall trend remains bearish.

QWhat key factor does the article state could cause Dogecoin to drop to new lows?

AA Bitcoin (BTC) crash below $62,000 would lead DOGE to new lows and make a bounce from the $0.10 level much less likely.

QWhat technical indicator on the 1-hour chart showed a positive sign for a potential bounce?

AThe hourly RSI was back above the neutral 50 level, which, along with the defense of the $0.0885 support and a higher low formed at $0.091, supported the idea of a potential bounce.

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