Dogecoin (DOGE/USD) Price Analysis: Bears Break Below $0.10 as Selling Pressure Intensifies

Dogecoin (DOGE) Current Statistics

The current price: $0.0884

Market Capitalization: $15.48 billion

Trading Volume: $2.78 billion

Major supply zones: $0.10, $0.11, $0.12

Major demand zones: $0.085, $0.080, $0.075

 

Dogecoin (DOGE) Price Analysis—February 5, 2026

The $0.10 price level has been a critical support zone, widely viewed, in the crypto signal, by traders and analysts as the point where bullish momentum could regroup. However, after bullish sentiment held up against selling pressure for some time and price action consolidated around this level, bears eventually gained control. In today’s daily trading session, the Dogecoin price broke decisively below the $0.10 support, triggering a wave of heavy selling. This breakdown of a key support level has reinforced bearish bias, increasing the likelihood of further downside movement in the market.

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DOGE/USD Technical Indicators Outlook

The chart shows a strong and significant bearish candlestick, reflecting an aggressive sell-off in the market. The breakdown below the $0.10 price level is a major development and has intensified selling pressure. Notably, the volume histogram is elevated, confirming the strength of today’s bearish momentum.

However, despite the strong volume, the bearish candlestick itself is not as extended as expected. This is largely because the market has been in a prolonged bearish run and is now deeply oversold, a condition that typically encourages a short-term rebound. The clash between bearish pressure and emerging bargain buying at these low price zones has slowed the market’s downward pace. As a result, temporary support may form around the $0.087 level.

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