Dogecoin (DOGE) Drops Below $0.10, Yet Key Indicator Flashes Buy Signal

“This old meme coin is going to do something crazy,” predicted one X user.

The big meme coin follows a broader crypto market decline in market capitalization, but that hasn't stopped analysts from making price predictions.

Several technical indicators reinforce optimism, suggesting that the bearish pressure may ease soon.

Restore?

As of this writing, DOGE is trading around $0.096, which represents a weekly drop of 6%. While this may seem like it, meme coin is down 20% from BTC (down 10% during this period) and popular altcoins like BCH and SUI.

The property has been the subject of several price predictions lately, with Ali Martinez being one of the commentators. The TD order indicator has flashed a buy signal on DOGE, saying that if the $0.096 support holds, $0.11 could be next. X user CryptoBoss made a similar prediction, stating that current levels offer a buying opportunity and predicting that it will rise to around $0.108 in the coming days.

CoinForge and MikybullCrypto were more optimistic. The previous meme coin thinks he's about to do something “nonsense.” In the year You recall that in 2024, DOGE formed a descending triangle pattern before exploding at the extinction level.

“In 2026, DOGE is going to create the same phase of separation,” the analyst said.

Mikibul Crypto believes that the OG meme coin is on the verge of a major rally to a new all-time high and has a target of $2.50. It's important to note that such a price explosion seems unrealistic at the moment, as Dogecoin's market cap would need to rise above $385 billion. Currently, BTC is the only cryptocurrency with a high capitalization, ETH (the second largest digital asset) is less than 240 billion dollars.

Looking at some indicators

DOGE's Relative Strength Index (RSI) supports the bearish case shared by the above analysts. The technical indicator has dropped below 30, indicating that the asset is oversold and set for a price increase. The index ranges from 0 to 100, and vice versa, anything above 70 is seen as a bullish sign.

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Next on the list is Dogecoin exchange netflows. According to CoinGlass, in the past several days, external flows have exceeded revenue, suggesting that investors are abandoning centralized platforms in favor of self-regulation. This development immediately reduces sales pressure.