Key Takeaways
- DOGE declined more than 3% over 24 hours, currently hovering near $0.0901, positioned beneath both the 20-EMA ($0.0934) and 50-EMA ($0.0985)
- Liquidation data reveals approximately $1.45 million in DOGE positions were wiped out within 24 hours, with long positions accounting for 98% of the total
- Technical analyst Ali Martinez highlighted that DOGE remains trapped within a descending triangle formation, suggesting a possible 29% breakout in either direction
- Critical resistance levels remain at $0.0916 and $0.0932, while support is positioned at $0.0896 and $0.0884
- DOGE futures open interest maintained stability around $1.05 billion, while the long/short ratio rests at 0.87, indicating short bias
The popular meme cryptocurrency has encountered persistent bearish pressure over the past several days, failing to maintain critical technical thresholds. Multiple data sources indicate short-term bearish conditions are prevalent, although certain market observers identify chart patterns that might eventually facilitate upward movement.
On March 30, 2026, DOGE was changing hands at approximately $0.0901, representing a decline exceeding 3% over the previous 24-hour period based on CoinMarketCap figures. The cryptocurrency’s current valuation remains positioned beneath both the 20-period EMA at $0.0934 and the 50-period EMA at $0.0985, technical configurations that generally indicate ongoing downward momentum.
The Relative Strength Index (RSI) currently registers at 43, positioning DOGE within neutral-to-bearish territory. Additionally, the MACD line has crossed below the signal line, suggesting weakening bullish momentum.
Market analyst Ace observed that sell-side pressure has dominated recent trading activity. Ace stated that “the red delta bubble area has been significantly larger than the other colored bubbles for recent orders,” indicating that sellers maintain control over near-term price movement.
$DOGE trading at $0.0906 with a clear intraday downtrend and consistent sell-side pressure, shown by dominant red delta bubbles and failed attempts to reclaim higher liquidity. Overhead resistance is stacked at $0.0916 and $0.0932 where sellers continue to absorb any upside,… pic.twitter.com/oNwA8LHARh
— Ace (@acethebulllly) March 29, 2026
Resistance levels at $0.0916 and $0.0932 have consistently rejected buying attempts. Without buyers successfully recapturing these thresholds, the bearish trajectory appears set to persist.
Massive Liquidations Reveal Weakening Bull Sentiment
Data from CoinGlass indicates that roughly $1.45 million worth of DOGE positions were liquidated during the last 24-hour period. An overwhelming 98% of these forced closures affected long positions, demonstrating that bullish traders were caught off guard as prices declined.
Liquidation heatmap analysis reveals concentrated activity immediately below the $0.0890 price point. Should this threshold fail to hold, it may trigger a cascade of additional selling pressure toward lower price targets.
Trading volume in futures markets contracted by nearly 20% within 24 hours. Meanwhile, open interest held relatively steady at approximately $1.05 billion, indicating limited appetite for establishing new positions. The prevailing long/short ratio of 0.87 demonstrates that short positions marginally exceed long positions across the market.
Technical Analyst Identifies Triangle Formation
Market analyst Ali Martinez shared on X that DOGE remains “still stuck in a triangle,” referencing previous analysis that identified a descending triangle pattern on the 4-hour timeframe. Martinez’s earlier projection suggested this configuration could produce a 29% price movement, although the breakout direction remained unspecified.
Dogecoin $DOGE is still stuck in a triangle! https://t.co/Mc1VyPUNVD pic.twitter.com/vMUdsJ3RDI
— Ali Charts (@alicharts) March 29, 2026
As of Sunday, the anticipated breakout had yet to occur. DOGE briefly touched $0.088 before recovering to approximately $0.092 during overnight trading sessions.
Technical analyst Bitcoinsensus also commented that DOGE appears to be moving through a recurring cycle consisting of accumulation, markup, pullback, and repetition. The current market structure points toward a pullback phase, although definitive reversal indicators remain absent in the near term.
According to CoinGlass data, open interest in DOGE futures climbed 3.21% over the past day. Concurrently, bullish positioning on memecoin contracts increased on Binance’s derivatives platform during the identical timeframe.
At the time of Benzinga’s coverage, DOGE was valued at $0.09230, reflecting a 0.80% increase over 24 hours and posting a weekly gain of 1.50%.
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