Dogecoin (DOGE) Price Prediction: Can Bulls Reclaim $0.098?

• DOGE faces heavy overhead pressure as price stalls below key Fibonacci resistance levels.
• Open interest near $1.03B shows moderate leverage, signaling cautious trader participation.
• Exchange flows remain negative, highlighting steady token distribution to trading platforms.

Dogecoin price action continues to reflect fragility on the four-hour chart as sellers defend key resistance levels and derivatives data signals restrained risk appetite. The meme-based cryptocurrency trades near $0.091, struggling to build sustained upside momentum. Although short-term bounces have appeared, broader technical indicators still favor a bearish structure. 

Technical Structure Points to Overhead Pressure

DOGE/USD remains below the EMA 20, 50, 100, and 200 cluster on the four-hour timeframe. This alignment confirms persistent short-term weakness. Moreover, price recently attempted a recovery but stalled before reclaiming major Fibonacci resistance.

The Fibonacci range highlights $0.0982 at the 0.236 level as immediate resistance. Above that, $0.1093 at the 0.382 retracement stands as a stronger barrier. The latest rally attempt faded just under $0.1093, reinforcing heavy overhead supply.

If buyers reclaim $0.1093, momentum could extend toward $0.1183 at the 0.5 level. Additionally, $0.1273 at the 0.618 retracement marks the next bullish objective. However, bulls must first overcome the $0.0982 zone to shift short-term sentiment.

On the downside, support sits between $0.0900 and $0.0910. A decisive break below this area exposes $0.0802, which represents critical structural support. Losing $0.0802 would confirm continuation of the broader downtrend.

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Significantly, the ADX reads near 38, signaling strengthening trend momentum. Since price trades below major moving averages, sellers currently maintain control.

Open Interest Reflects Controlled Leverage

Derivatives positioning provides additional context. Earlier in the cycle, open interest remained below $1 billion, indicating limited speculative activity. Consequently, leverage expanded aggressively during the major rally, pushing open interest above $5 billion.

As price momentum faded, open interest declined sharply. That contraction confirmed long liquidations and reduced exposure. Recent data shows another expansion phase, though far weaker than prior peaks.

As of Feb. 24, 2026, open interest stands near $1.03 billion. This level suggests moderate participation rather than euphoric speculation. Besides, the subdued leverage profile indicates traders approach current price levels cautiously.

Exchange Flows Signal Ongoing Distribution

Spot flow data reinforces the cautious tone. Red netflow bars dominate most sessions, reflecting steady exchange deposits. Additionally, several outflow spikes emerged during volatile periods in late September and early October.

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However, recent inflow attempts have remained brief and limited. Netflow currently sits near negative $3.22 million. Hence, sellers continue transferring tokens to exchanges while DOGE trades around $0.091.

Technical Outlook for Dogecoin Price

Key levels remain clearly defined for Dogecoin as price trades near $0.091 on the 4-hour chart. The broader structure still leans bearish, with DOGE holding below the 20, 50, 100, and 200 EMAs. However, compression near local support suggests a decisive move may approach.

Upside levels: Immediate resistance stands at $0.0982, followed by $0.1093. A confirmed breakout above $0.1093 could open the path toward $0.1183 and $0.1273. Reclaiming $0.1093 would also place price back above key Fibonacci resistance and shift short-term momentum.

Downside levels: Initial support sits at $0.0900–$0.0910. A breakdown below this zone exposes $0.0802, which remains the critical structural floor. Losing $0.0802 would invalidate the corrective rebound scenario and confirm continuation within the broader downtrend.

Resistance ceiling: The EMA cluster above price acts as a dynamic barrier. Bulls must flip this region to regain medium-term control.

The technical picture shows DOGE consolidating inside a broader bearish channel, while ADX near 38 signals strengthening trend conditions. This setup suggests volatility expansion could follow once support or resistance breaks decisively.

Will Dogecoin Go Up?

Dogecoin’s near-term direction depends on whether buyers can defend $0.0900 long enough to challenge the $0.0982–$0.1093 resistance band. Stronger inflows and rising open interest would support a bullish breakout scenario. 

However, failure to hold $0.0900 risks accelerating selling pressure toward $0.0802. For now, DOGE remains in a pivotal zone where confirmation, not anticipation, will determine the next leg.

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