Dogecoin Price Forecast: DOGE Below $0.077 as Bearish Signals Raise Risks

Dogecoin remains under pressure near $0.077, with its broader decline leaving the token below key exponential moving averages (EMAs). Weak derivatives positioning and negative momentum indicators suggest that sellers retain control, although accumulation by some large holders could provide a measure of support. Market data showed DOGE trading around $0.0772 on October 26, after falling from approximately $0.0819 on October 21. Traders are now watching whether support near $0.069 holds or whether buyers can push the price back above nearby resistance.

Derivatives Data Signals Caution

Data from CoinGlass placed Dogecoin’s long-to-short ratio at 0.84 on Monday, close to its lowest reading in more than a month, according to the supplied report. A ratio below one indicates that short positions outweigh long positions within the metric’s tracked accounts. This points to a cautious derivatives-market outlook, although the ratio alone cannot predict the next price move.

DOGE’s funding rate, meanwhile, turned positive at 0.0019%. In perpetual futures markets, positive funding generally means traders holding long positions pay those holding shorts. The reading suggests a modest cost for bullish positioning, but it does not necessarily confirm a sustained recovery.

On-chain indicators also point to selling pressure. CryptoQuant data cited in the report showed sell-side dominance in both spot and futures markets, alongside large orders and elevated market activity. Such conditions can increase volatility, particularly when prices are already trending lower.

Whale Buying Meets Bearish Momentum

There are signs that some large Dogecoin holders are accumulating despite the price weakness. According to Santiment supply-distribution data cited in the report, wallets holding between 100,000 and 100 million DOGE collectively accumulated approximately 260 million tokens between October 21 and the report date. That buying may help absorb some selling, but wallet balances do not reveal investors’ intentions or guarantee that accumulation will continue.

The technical picture remains weak. DOGE’s Relative Strength Index (RSI) was near 33, a level that signals strong downside momentum and approaches the commonly used oversold threshold of 30. The Moving Average Convergence Divergence (MACD) remained below zero, indicating that bearish momentum had not yet reversed.

Key levels for traders include:

• Immediate resistance: $0.077.
• First major resistance: $0.084, where the 50-day and 100-day EMAs were positioned in the supplied analysis.
• Additional resistance: $0.088–$0.090, followed by $0.102.
• Downside support: $0.069, a potential target if selling accelerates.

A sustained daily close above $0.088–$0.089 would offer stronger evidence that the downtrend is easing. Conversely, a decisive break below the $0.076 area could expose the $0.069 support zone.

Conclusion:

Dogecoin’s near-term outlook remains bearish as price weakness, subdued momentum and cautious derivatives positioning outweigh signs of whale accumulation. The $0.077 area is the first hurdle for buyers, while $0.084 and $0.088–$0.090 represent progressively stronger resistance. A break below recent support could bring $0.069 into focus. Until DOGE recovers key technical levels, rebounds may remain vulnerable to renewed selling. These levels are analytical reference points, not guaranteed price targets.