Dogecoin (DOGE) continued to slide on Monday after selling pressure increased in the cryptocurrency market. The cryptocurrency hit a new low since October 2025.Dogecoin (DOGE) continued to slide on Monday after selling pressure increased in the cryptocurrency market. The cryptocurrency hit a new low since October 2025.

Dogecoin (DOGE) Hits Multi-Month Low as Price Approaches $0.10 Support

2026/02/02 20:00
3 min read
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Dogecoin (DOGE) continued to slide on Monday after selling pressure increased in the cryptocurrency market. The cryptocurrency hit a new low since October 2025. The price decline has caused DOGE to extend a four-week losing streak.

DOGE is currently trading at $0.1036, which is a 1.77% decline in the past 24 hours, according to CoinMarketCap data. The trading volume has decreased by 22.01% to $2.12 billion. The coin has seen a 15.09% decline over the last week, which has caused a strong bearish trend.

Source: CoinMarketCap

DOGE Holds Key Consolidation Zone

Crypto analyst BitGuru highlighted that Dogecoin is currently within a long consolidation zone. He stated that a general decline and a liquidity sweep formed this zone. He added that this base could be a positive factor for a short-term price increase.

According to analysts, Dogecoin could increase to the price range of $0.13-$0.15 if support is held. He warned that failure to maintain this price range could lead to further price drops.

Source: X

Cryptollica, an analyst, provided a different perspective on the performance of Dogecoin. He mentioned that Dogecoin was unable to show upward movement in recent attempts. His long-term price target is set at $1.40.

Source: X

Also Read: Dogecoin Eyes Explosive $0.22 Surge After TDOG ETF Launch on NASDAQ

Volume and Open Interest Decline

According to CoinGlass data, the volume declined by 25.91% to $3.71 billion. Open Interest decreased by 0.46% to $1.23 billion, with an OI-weighted funding rate of 0.0004%. 

Source: CoinGlass

Liquidation levels were higher in the recent trading session. In total, $5.84 million was liquidated in the last 24 hours. Long positions were $4.32 million, with $1.51 million in shorts.

Source: CoinGlass

EMAs and RSI Highlight Persistent Bearish Momentum

Cryptocurrency is trading below its short-term trend indicators. The Exponential Moving Average (EMA) 20 is at the price level of $0.12109, whereas the Exponential Moving Average 50 is seen at the price level of $0.13133.

The long-term indicators add additional resistance. The price of the EMA 100 is at $0.14726, and the price of the EMA 200 is at $0.16894. The additional resistance created by the long-term indicators continued to limit the price’s potential for a rebound.

The Relative Strength Index (RSI 14) is at 27.30, indicating that there is an oversold condition in the market. The signal line is at 36.14, indicating weak buying pressure in the market.

Source: TradingView

The structure of the coin remained fragile throughout the day on Monday. Analysts have closely monitored the support zone. A strong movement from this level will be needed to determine the next direction.

Also Read: SUI Slides Below $1.10 as Bearish Structure Signals Further Downside

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