Dogecoin and other major altcoins decline as excitement for altseason reaches lowest point in two years
March 10, 2026
The price of Dogecoin fell by 2.43% during the U.S. market session, reaching $0.091. This decrease is part of the broader trend in the crypto market influenced by Bitcoin’s price decline below $70,000 amid global tensions and rising oil prices. As the correction in cryptocurrency prices continues, social media mentions of “altseason” have hit a new low, signaling a shift of capital to Bitcoin or stablecoins. The decline in discussions about altcoins is reflected in Santiment’s data, showing that mentions regarding altseason have dropped by 78% from their previous peak in 2024.
Several major altcoins, including Dogecoin, Solana, and Cardano, have experienced significant price declines of 60% to 75% from their recent highs. These drops indicate a flow of funds towards Bitcoin and stablecoins. The Altcoin Season Index, which measures the performance of top altcoins against Bitcoin, currently stands in the low-to-mid 40s, below the general threshold of 75 typically associated with the start of a full altcoin season. Historical patterns suggest that periods of minimal discussion on social media have preceded significant altcoin price surges in the past.
The recent pullback in Dogecoin’s price, from $0.099 to $0.091 in the last 48 hours, highlights ongoing sell pressure and the potential for further corrections. The coin price has been following a falling channel pattern since October 2025, with dynamic support and resistance levels guiding its movement. The bearish market sentiment is reflected in the daily relative strength index (RSI), which currently stands at 42%.
If selling pressure continues, Dogecoin’s price could drop by 35% to retest the pattern’s lower trendline at $0.059. However, the downward trend is supported by the channel’s lower boundary. Should buyers defend this level, Dogecoin’s price might attempt a recovery, potentially breaking above the channel resistance. The current landscape in the crypto market suggests increased interest in Bitcoin, leading to a reduction in social media discussions about altcoins and altseason.
