Dogecoin tests support near $0.08854 with technicals signaling downside risk: weekly analysis
Dogecoin (DOGE)
Editor:
Eugene Serbin
tradersunion.com reports that Dogecoin (DOGE) has slipped to around $0.089, declining nearly 6% over the past week as sellers maintain pressure. The strong downside push is being shaped by persistent bearish momentum, even as some indicators suggest a chance of short-term relief. DojeOS, an application layer developed by the MyDoge wallet team, launched its public testnet for Dogecoin on September 30.
This allows developers to deploy Ethereum-compatible smart contracts using DOGE as transaction fees. The current setup relies on a permissioned validator set and does not change Dogecoin’s consensus mechanism. Meanwhile, Dogecoin-focused ETFs saw inflows of about $3.16 million in September, even as Bitwise announced the closure of its Dogecoin ETF.
On the daily chart, the structure reflects a sustained move lower with a firm trend, highlighted by 8.47% weekly volatility. MACD and Bull/Bear Power both support further downside, while the Stoch RSI sits in the oversold zone, suggesting potential for a relief bounce. Immediate resistance lies at $0.09031 and the Ichimoku Kijun at $0.0921, with support found just below at $0.08854.
Next week, Dogecoin is expected to trade between $0.08353 and $0.09349, with a 71% probability of an increase and a 29% chance of a decrease. A move above resistance at $0.09031 could trigger a test of the upper bound near $0.09349, while a break below $0.08854 would open risk toward the lower end of the range at $0.08353.
How the market reacted
Whalio's own Binance spot order flow for DOGE, measured when this story was written up on 7 October 2026. Not the outlet's figures.
Whalio’s Binance spot data shows DOGE trading at $0.09369, with a 1-hour buy ratio of 29.2% and a 4-hour buy ratio of 35.3%. These short-term figures are lower than the 24-hour buy ratio of 39.7%, indicating that buying pressure is fading in the immediate term. The volume delta reflects this sentiment, showing net selling of -$2,839,258 over 1 hour and -$5,587,239 over 4 hours. Over the full 24 hours, the volume delta sits at -$14,577,463, with a cumulative CVD of -$22,165,078. This means that sell orders have outweighed buy orders, resulting in a net outflow of capital from the spot market. Net buying occurred in only 4 of the last 24 hours, confirming the dominance of sellers.
The latest daily buy ratio of 37.6% sits at the 0th percentile of the last 322 days, against a median of 48.9% - among the weakest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for DOGE, averaged over the days leading up to the story.
Comparing today's activity to the preceding week reveals a shift in market dynamics. The 24-hour buy ratio of 39.7% is notably lower than the 7-day average buy ratio of 49.1%, a difference of 9.4 points. This drop suggests that today is an unusual day for the coin, characterized by weaker buying interest than usual. Volume has increased to 1.13 times the average, but the net volume delta over 8 days totals -$20,411,599. This sustained negative delta indicates that despite higher trading activity, the prevailing trend over the week has been one of net selling.