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Dogecoin Pullback Accelerates as Resistance Holds Near $0.116 Level

by TokenaltcoinFebruary 22, 202601



Dogecoin Pullback Accelerates as Resistance Holds Near $0.116 Level

Dogecoin is facing increased selling pressure, reversing at a critical resistance level. The token  is exhibiting an emerging downtrend, which may lead to the $0.090 support level. The $0.074 support level is also critical, as failure to hold through this point could lead to a downtrend towards the $0.074 zone.

Currently, DOGE is trading at $0.09716, with a 24-hour trading volume of $1.00 billion and a market capitalization of $16.44 billion, representing 0.71% of the total cryptocurrency market capitalization. Over the past day, DOGE has dropped by 2.66%, reflecting recent price pressure.

Source: TradingView

Dogecoin Could Test $0.074 If Key Support Breaks

According to a recent post by crypto analyst Ali Marteniz highlighted that if the price of Dogecoin dips below $0.096, it may eventually head towards the next major support level of $0.074. Therefore, investors should keep an eye on the price as it may significantly impact the future of the Dogecoin market.

Below $0.096, the most important support level for Dogecoin $DOGE is $0.074. pic.twitter.com/8sxV4lVj6f

— Ali Charts (@alicharts) February 21, 2026

Also Read | XRP at Tipping Point After 200 Million Binance Outflow and Key $1.68 Barrier

Dogecoin Faces Resistance Near $0.116 Zone

Dogecoin has recently shown a good bounce back from a major resistance zone near the $0.116 price level. DOGE has dipped below the former support of December, the upper daily Bollinger Band, and the 50% Fibonacci retracement of the January price drop.

Therefore, DOGE has shown a Dark Cloud Cover pattern on the daily chart, which may result in a downward price move for Dogecoin in the coming days.

Source: TradingView

If the price of DOGE continues to dip further, it may head towards the next major support level of $0.090. If the price of DOGE dips below the $0.096 price level, it may head towards the next major support level of $0.074, which may be a crucial price level for Dogecoin in the next days.

Also Read | Injective (INJ) Skyrockets Amid $2M Strategic Buy, Next Resistance $5.50





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