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Dogecoin (DOGE) traded at $0.09132 on February 24, 2026, down 2.8% in 24 hours. The MemeCoin Price moved between $0.09093 and $0.09736, then slipped back near support. Traders now track whether DOGE can hold $0.09 and recover key resistance.
The broader trend still points lower after weeks of losses. However, tighter volatility and defined levels have increased focus on the next break.
Dogecoin continued a downtrend that started in late 2025 on the daily chart. Price stayed below the 50-day EMA at $0.1116 and the 100-day EMA at $0.1296. That alignment keeps bearish pressure in place until buyers reclaim those averages.
Recent candles showed repeated rejection near the 50-day EMA zone. The mid-February rebound attempt failed, and Dogecoin price returned toward the $0.09 area. The market still prints lower highs and lower lows, which signals ongoing seller control.
Short-term action also reflected that weakness during the latest session. DOGE pushed toward $0.097 early, then sellers defended that area. Price then drifted back toward $0.091, keeping bulls under pressure near the range low.
Derivatives data showed participation without aggressive leverage. Open interest stood near $1.03 billion on February 24, 2026. That level suggests traders keep positions active but restrained.
Earlier in the cycle, open interest expanded sharply during a stronger rally. It later contracted as price momentum faded, which often reflects liquidations and reduced exposure. The current rebuild looks smaller than prior peaks, which fits a cautious risk posture.
This setup matters for DOGE price direction because leverage often amplifies breakouts. A rise in open interest alongside spot strength can support an upside attempt. A drop in open interest during a sell-off can confirm risk reduction and extend weakness.
Also Read: Dogecoin Maintains $0.09 Level: Can it Reach $0.20?
Volatility compressed after the sharp sell-off. The Average True Range near 0.0067 signaled a cooling market on the daily timeframe. Compression often precedes expansion, so traders watch for a decisive move.
On the upside, DOGE faces layered resistance near $0.0955, $0.0975, and $0.10. A close above $0.0975 can bring $0.10 back into focus. Follow-through above $0.1020 would improve structure, but price must clear $0.10 first.
On the downside, support sits at $0.0910 and $0.0900, with deeper support near $0.0880. A breakdown below $0.0880 can open risk toward $0.0832 and $0.0820. Exchange flow data also stayed negative near -$3.22 million, which signals ongoing distribution toward trading platforms.
