.png){kind=logo}
Dogecoin traded near $0.0901 on March 30 after another weak session across the crypto market. The token fell more than 3% over 24 hours and remained below its 20-EMA and 50-EMA, keeping short-term pressure in place.
At the same time, fresh attention on SpaceX’s expected IPO kept DOGE tied to Elon Musk-related market speculation, even as the token failed to reclaim the $0.10 level.
DOGE stayed below its 20-EMA at $0.0934 and its 50-EMA at $0.0985. Those levels often reflect weak short-term momentum when the price trades underneath them. The token also continued to struggle near recent resistance zones.
The relative strength index stood at 43, which placed DOGE in neutral-to-bearish territory. The MACD line also remained below the signal line, indicating that upside momentum had further weakened. As a result, the broader short-term setup remained under pressure.
Order flow data also pointed to stronger sell-side activity. Analysts noted that sellers continued to control recent price action, especially as DOGE failed to move above $0.0936 and $0.10. Unless buyers reclaim those levels, the token may remain under pressure.
Support zones remained close at $0.0896 and $0.0884. DOGE briefly dipped toward $0.088 before bouncing back toward the low $0.09 range. Even so, recovery did not change the broader setup, as the token remained stuck in a narrow band.
Around $2.6 million in DOGE positions were liquidated over 24 hours. About 75% of those liquidations came from long positions, according to Coinglass data. This showed that traders betting on a price increase absorbed most of the losses during the decline.
Liquidation cluster data also showed heavy activity just below $0.0890. If DOGE falls through this zone, selling pressure could increase, pushing the token toward lower short-term levels. Therefore, traders continue to watch this area closely.
Futures data added to the cautious view. DOGE futures open interest held near $2.29 billion, which suggested that traders were not adding many new positions. At the same time, the long/short ratio stood at 0.87, showing that short positions slightly outnumbered long ones.
Futures volume also declined during the same period. This slowdown suggested weaker participation as DOGE remained rangebound. Together, those figures showed limited bullish conviction in the short term.
Ali Martinez said DOGE was “still stuck in a triangle” after earlier identifying a descending triangle on the four-hour chart. He said the pattern could produce a 29% move, although he did not confirm a direction. This left traders focused on the next breakout or breakdown level.
A descending triangle often points to pressure near support, but it does not confirm the next move on its own. In this case, DOGE continued to hold near the same lower range that has shaped recent trading. As a result, the market still awaited confirmation.
At the same time, potential developments in SpaceX's IPO brought DOGE back into focus. Dogecoin often reacts to Elon Musk-related events, as the SpaceX CEO has previously influenced sentiment around the token. Interest has also grown due to the link between his recent political efforts and the DOGE ticker, which has kept the coin in market discussions.
For now, DOGE remains in a wait-and-see phase. A move above nearby resistance could bring $0.10 back into focus, while a break below support could trigger another leg lower. Until the price breaks out of the triangle with stronger volume, DOGE remains under pressure and closely watched.
Also Read: DOGE vs RTX: Who Could Reach $2 First – Price Prediction 2026
