Key Takeaways
- Dogecoin declined more than 3% over the past day, hovering near $0.0901, positioned beneath its 20-EMA ($0.0934) and 50-EMA ($0.0985)
- Liquidations totaling approximately $1.45 million occurred within 24 hours, with long positions accounting for 98% of the total
- Crypto analyst Ali Martinez identified DOGE as trapped within a descending triangle pattern, potentially setting up a 29% price swing
- Critical resistance levels exist at $0.0916 and $0.0932, while support zones are positioned at $0.0896 and $0.0884
- Futures open interest remained relatively stable around $1.05 billion, with the long/short ratio at 0.87, indicating short-side dominance
Dogecoin has encountered persistent downward momentum over recent trading sessions, failing to maintain crucial price thresholds. Multiple data sources reveal bearish short-term technical conditions, although certain analysts identify chart formations that might eventually facilitate upward movement.
On March 30, 2026, DOGE changed hands around $0.0901, reflecting a decline exceeding 3% during the previous 24-hour period based on CoinMarketCap data. The cryptocurrency remains positioned beneath both its 20-period exponential moving average of $0.0934 and its 50-period exponential moving average of $0.0985, indicators that generally suggest ongoing downside momentum.
The Relative Strength Index registered at 43, positioning DOGE within neutral-to-bearish technical territory. Meanwhile, the MACD indicator trades below its signal line, reflecting diminishing bullish momentum.
Market analyst Ace observed that sell-side pressure has dominated recent trading flow. Ace stated, “the red delta bubble area has been significantly larger than the other colored bubbles for recent orders,” indicating seller dominance in current price dynamics.
Bears have successfully defended advances above the $0.0916 and $0.0932 thresholds. Should bulls fail to recapture these zones, continued downward trajectory appears probable.
Mass Liquidations Reflect Eroding Long Sentiment
Approximately $1.45 million worth of DOGE positions faced liquidation during the past day, based on CoinGlass tracking. Long positions comprised nearly 98% of these forced closures, demonstrating that bullish traders were squeezed out as prices declined.
Liquidation heatmap analysis reveals concentrated activity immediately below $0.0890. A breakdown beneath this threshold could trigger accelerated selling toward deeper support levels.
Futures trading volume contracted by roughly 20% within 24 hours. Open interest held steady near $1.05 billion, suggesting limited new position initiation among traders. The current long/short ratio of 0.87 indicates slight short-seller predominance in the market.
Descending Triangle Formation Under Scrutiny
Crypto analyst Ali Martinez shared on X that DOGE remains “still stuck in a triangle,” referencing his previous identification of a descending triangle structure on the 4-hour timeframe. Martinez had previously suggested this configuration could produce a 29% price movement, without specifying directional bias.
As of Sunday, that anticipated breakout hadn’t occurred. DOGE touched lows near $0.088 before recovering toward $0.092 during overnight trading.
Technical analyst Bitcoinsensus additionally observed that DOGE appears to be cycling through recurring phases of accumulation, markup, correction, and repetition. The present structure suggests a corrective phase, though clear reversal confirmation remains absent in the near term.
Futures open interest experienced a 3.21% increase over the past day according to CoinGlass tracking. Long positions on meme-focused cryptocurrencies also showed upticks across Binance’s derivatives platform during the corresponding timeframe.
At the time of Benzinga’s coverage, DOGE was exchanging at $0.09230, reflecting a 0.80% gain over 24 hours and a weekly advance of 1.50%.
