Dogecoin price drops under important Fibonacci level as experts consider future prospects.
February 11, 2026
Dogecoin is seeing another decline, with sellers exerting pressure on the market. The current price of DOGE is at $0.09089, showing a 4.0% decrease in the last 24 hours as consistent weakness throughout the day has eliminated previous attempts at stabilization. The cryptocurrency has displayed a narrow range of $0.09073 to $0.09448 over the past 24 hours, indicating a clear breakdown towards the lower end of the spectrum.
When observing the performance relative to Bitcoin, DOGE is down by 0.8% on the day, highlighting a mild weakness. The bearish trend is prevalent in longer timeframes, with losses amounting to 15.6% over 7 days, 27.4% over 14 days, and 35.5% over 30 days. This downward momentum raises questions about whether this decline signifies a period of exhaustion or the initiation of a further decrease.
Analyzing the scenario on a weekly basis, Dogecoin is experiencing technical strain as it dips below the 1 Fibonacci extension at $0.13. This particular region has previously acted as a pivotal demand zone, and a sustained drop below this level in the weekly close would exacerbate the bearish structure. It would expose the next Fibonacci extension target near 1.618 at $0.0208, indicating a more substantial downside projection.
In terms of potential upward movement, DOGE is encountering resistance from previous Fibonacci retracement levels. Immediate resistance is found near the 0.786 retracement at $0.168, followed by the 0.618 level around $0.198 and the 0.5 region at $0.218. However, any attempts at recovery are likely to remain corrective within a bearish framework until Dogecoin reclaims the 0.618–0.786 retracement cluster.
The momentum indicators underscore the need for caution, especially with the weekly RSI hovering around 32.10, nearing oversold territory but failing to signal a confirmed reversal. The RSI remains below the 50 midline and is trending downwards, indicative of sustained bearish momentum. Unless RSI stabilizes and rises above its signal line while the price reclaims crucial Fibonacci levels, the risks of downside movement remain significant.
Amidst the market fluctuations, Trader Tardigrade highlighted the return of Dogecoin to the long-term “Historical Bottom Channel” on the monthly chart around the $0.1 level. Drawing parallels to previous opportunities when DOGE traded near $0.0002 and later around $0.002, he suggests that missing the chance to buy at these levels could result in potential regrets. Failure to make a move at the current price levels may lead to buying at higher rates, like $3, if historical patterns repeat themselves.
It is essential to note that the content provided is for informational purposes only and should not be construed as financial advice. Readers are advised to conduct thorough research before making any investment decisions. The views expressed in this article are based on personal opinions and do not necessarily represent The Crypto Basic’s stance. Take caution and exercise due diligence to mitigate financial risks in volatile markets.
