Dogecoin Eyes $0.11 as Short Liquidations Build

Dogecoin held firm at the $0.088 support level despite sustained selling pressure. The broader memecoin market found relief as Bitcoin bounced from the $67,000 mark to around 70,938 at the time of writing, restoring short-term confidence across speculative assets.

Technical Indicators Paint a Cautious Picture

The Moving Averages on $DOGE's chart remain bearish. They are positioned to act as overhead resistance during any rally attempt. Volume data reinforces this concern as sellers continue to dominate the broader trend.

The Accumulation/Distribution (A/D) indicator trended downward despite the bounce. The Chaikin Money Flow (CMF) sat at -0.1 at press time. That reading signals substantial capital outflows, undermining the credibility of the short-term recovery.

The Directional Movement Index (DMI) had been confirming a downtrend, but the signal turned unclear toward the end of February. Over the past two weeks, the DMI failed to produce a decisive reading. That ambiguity offers a faint possibility of a trend reversal, though no confirmation has emerged.

Price action tells a similar story. $DOGE formed lower highs throughout the recent downtrend, keeping the overall structure bearish. The 15% bounce over five trading days marks a notable recovery, but it has not altered the macro trajectory.

At the time of writing, Dogecoin is trading at around $0.09535, down 1.30% in the last 24 hours.

Liquidation Clusters Signal Possible Upside Target

The one-month liquidation heatmap reveals a dense cluster of short positions in the $0.10–$0.11 range. These shorts accumulated as $DOGE made progressively lower highs. A rapid price move into that zone could trigger a cascade of short liquidations, pulling $DOGE higher in a short squeeze.

A liquidity sweep toward $0.11 is a plausible near-term outcome. Traders sitting short in that range remain vulnerable if buying momentum holds. However, such a move alone would not reverse the broader downtrend.

To signal a structural trend change, $DOGE must clear $0.127. That level represents the threshold where the longer-term bearish thesis breaks down. Anything short of that keeps the market in a corrective bounce rather than a full recovery.