Amid sustained market weakness and intensifying selling pressure, Dogecoin (DOGE) has failed to hold the critical $0.10 support level, slipping to an intraday low near $0.095 before staging a modest rebound. At the time of writing, DOGE trades around $0.098, up roughly 0.7% on the day — a sign that volatility remains elevated and sentiment fragile.
Bearish Pressure Weighs on DOGE Market Structure
DOGE’s repeated loss of the $0.10 support reflects a sharp increase in sell-side activity. Market behavior suggests sellers are aggressively using rallies as exit opportunities, intensifying downside pressure.
According to the Bulls and Bears Power indicator on TradingView, bears maintain overwhelming control. Over the past 30 days — since overtaking bulls on January 19 — bearish dominance has remained consistent, while attempts by buyers to reclaim momentum have repeatedly failed.
At the time of writing:
Bear power index: 64
Bull power index: 9
This wide gap highlights a severe imbalance in market strength. While buyers remain present, their influence has not been sufficient to trigger a meaningful reversal.
The Buyer–Seller Strength Index further confirms this imbalance, with sellers currently holding a strength reading near 68, reinforcing bearish market control.
Exchange flow data also shows clear seller dominance. Statistics from Coinalyze indicate that DOGE has recorded higher sell volume than buy volume for five consecutive days, signaling declining bullish confidence.
In the past 24 hours:
Sell volume: 697 million DOGE
Buy volume: 619 million DOGE
Net delta: –78 million DOGE
Historically, sustained negative buy–sell deltas increase downward pressure and weaken bullish momentum, often accelerating price declines.
Momentum Indicators Signal Continued Weakness
DOGE’s technical indicators continue to favor downside risk.
The Price Momentum Oscillator (PMO) remains in negative territory despite a recent bullish crossover attempt. This suggests recent price action has been dominated by downward momentum rather than sustainable recovery.
The Relative Strength Index (RSI) has remained below the neutral 50 level for over a week, reinforcing the presence of sustained bearish momentum.
Consistent lower daily closes confirm that the current trend reflects a broader mid-term downtrend rather than a short-term correction.
Could DOGE Fall Further?
With DOGE trading below a key support zone and bearish pressure dominating, the risk of further downside remains elevated.
If selling pressure persists, DOGE could:
Decline toward $0.092
Break below $0.09
Extend losses toward the $0.08 region
To invalidate the bearish outlook, DOGE must quickly reclaim $0.10 and stabilize above $0.11. Only then would bulls have a realistic chance of regaining control and restoring upward momentum.
Market Sentiment: Fear, Fatigue, or Opportunity?
The current environment reflects a market struggling with:
✓ declining buyer confidence
✓ sustained sell pressure
✓ weakening technical momentum
However, periods of extreme bearish dominance have historically preceded high-volatility reversals — making this a critical zone for traders to monitor.
Is this a breakdown… or a setup for a surprise rebound?
⚠️ Disclaimer: This article is for informational purposes only and reflects personal market observations, not financial advice. Investors should conduct their own research before making any investment decisions.
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