Dogecoin loses momentum, drops below $0.097 as bearish trend emerges on the market

March 2, 2026

Dogecoin (DOGE) experienced a brief respite as it managed to edge above the $0.0920 mark after dipping to $0.0880, only to encounter significant resistance around $0.0970. The past price movements have been guided by bearish technical indicators and the formation of a contracting triangle pattern on the hourly chart, suggesting a potential breakdown towards the key support level at $0.0875.

The token’s upward momentum saw it rise from the $0.0880 region, surpassing the $0.090 and $0.0920 levels, mirroring the recoveries seen in Bitcoin (BTC) and Ethereum (ETH). However, the rally faltered as it approached the 50% Fibonacci retracement level of the drop from $0.1061 to $0.0877, encountering selling pressure near $0.0970. Currently, DOGE is trading below $0.0955 and its 100-hourly simple moving average while a contracting triangle with a support base at $0.0920 is taking shape on the hourly DOGE/USD chart.

Looking ahead, in order to maintain the upward trajectory, bulls will need to secure a close above $0.1020 to aim for levels around $0.1085 and possibly $0.1150. The initial obstacle lies at the 61.8% Fibonacci retracement level near $0.0990 above the current price range. However, the growing risk of a breakdown is evident as the hourly MACD shows a decline in bullish momentum and the RSI has dipped below 50, indicating diminishing upward pressure.

Should DOGE fail to hold the $0.0920 support level, the next significant support zone lies at $0.090, with a breach below $0.0875 potentially paving the way for a descent towards $0.0820 or $0.0800. The delicate balance between continued recovery and a deeper decline is underscored by the critical support levels at $0.0920 and $0.0900, which are likely to determine the token’s near-term direction. This price action emphasizes the importance of monitoring key levels to anticipate potential shifts in market sentiment and price movement.