Dogecoin (DOGE) is entering March under pressure. Fresh on-chain data shows weakening demand. Santiment reports that DOGE’s Price–Daily Active Addresses divergence has fallen to -49%, a two-month low, as price slipped below $0.10.
Daily active addresses dropped sharply from 87,727 at the end of January to just 38,696 by late February.
However, derivatives sentiment has turned negative, with trading volume down more than 34% and positioning skewed toward shorts.
With the DOGE price trading near $0.09145, March will likely be defined by whether this support holds, or gives way.
We had a look at the 4-hour DOGE chart, and the broader pattern remains bearish. Price topped near the $0.20 area months ago and has since printed a clear sequence of lower highs and lower lows.
Every rally attempt has been capped below previous resistance. The most recent recovery stalled just under the $0.11 region before rolling over again.
Right now, the DOGE price is hovering around the $0.09–$0.092 zone. That area has acted as short-term support in early February after a flush toward $0.080. Buyers stepped in there once, but follow-through has been limited.
The key level above remains $0.108–$0.11. That zone aligns with prior breakdown structure and the descending resistance trendline mentioned by analysts. Unless DOGE pushes above that region with conviction, the broader trend remains under pressure.
Source: Coinank
Trading volume has been quiet during the recent bounce attempts. That usually means buyers aren’t stepping in with strong conviction.
Momentum indicators tell a similar story. The CCI fluctuates up and down, indicating short bursts of strength, but there has been nothing significant in the way of a sustained move in either direction. Williams %R continues to fall to oversold levels, only to rebound again, a sign of a sideways, or “choppy,” market.
Open interest data shows some traders are placing bets, but there’s no clear sign of heavy long buying. On-chain activity has also slowed, and derivatives sentiment isn’t strong. Overall, the market still looks cautious.
At this stage, the indicators support what price is showing stabilization, not strength.
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With DOGE trading near $0.09145, the levels for March are clearly defined.
If Dogecoin manages to push above the $0.108–$0.11 area and hold it as support, the next logical upside zone sits around $0.13–$0.15. That’s where price previously spent time consolidating before the last leg lower.
If the trend continues to gain momentum, and the overall crypto space continues to grow, a strong move to the range of $0.18 to $0.20 could be seen in the future. However, this kind of move will require actual buying power, not just a short squeeze.
On the other hand, if $0.09 gives way, the door opens back toward the $0.080–$0.082 range, which has already been tested once during the recent selloff. A breakdown below that would reopen the path toward the mid-$0.07 area.
Right now, the DOGE price is not in breakout mode. It is sitting at support with weak demand behind it. March will likely come down to one simple question: does $0.09 hold, or does selling pressure take control again?
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