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Dogecoin faces key $0.07 support amid heavy short bets and rising bullish volume, hinting at a possible bear trap.

Market News
09 Aug 2026
AMBCrypto
View Source
Neutral
Dogecoin faces key $0.07 support amid heavy short bets and rising bullish volume, hinting at a possible bear trap.

Dogecoin is currently testing a critical $0.07 support level as aggressive short positions, including a notable 40x short, add selling pressure. Despite this, bullish traders remain active, with the long/short ratio reaching a multi-month high and memecoin trading volume rising 22%, indicating strong risk appetite. Historically, similar setups have led to sharp rebounds, suggesting the current pressure could trigger a bear trap and a potential short squeeze. If market sentiment shifts positively, DOGE could rally toward $0.075 in the near term.

More News (DOGE)

Dogecoin price drops 3.37% in an hour amid $5.18M long liquidations

Dogecoin price drops 3.37% in an hour amid $5.18M long liquidations

Dogecoin (DOGE) fell 3.37% within an hour to $0.09113 on Binance, driven by $5.18 million in long liquidations across Binance, Bybit, and OKX. The price dropped from $0.09431 an hour earlier and was down 4.17% over 24 hours. No short liquidations occ...

Market News
Bearish
22 hours ago
Dogecoin launches DogeOS testnet amid price below $0.10 and declining network hashrate.

Dogecoin launches DogeOS testnet amid price below $0.10 and declining network hashrate.

Dogecoin trades near $0.0960, below the key $0.10 mark, while its network hashrate has dropped to about 32% of its February 2026 peak. The recent launch of the DogeOS public testnet introduces new possibilities like lending and trading apps on a laye...

Protocol Fundamentals
Neutral
1 day ago
Dogecoin nears $0.10 amid DogeOS testnet launch, a key resistance level for breakout confirmation.

Dogecoin nears $0.10 amid DogeOS testnet launch, a key resistance level for breakout confirmation.

Dogecoin is trading just below the critical $0.10 resistance level, which has previously blocked price advances. This comes as DogeOS launched its public testnet, providing an EVM-compatible platform for Dogecoin applications, though it remains a tes...

Technical Signals
Neutral
1 day ago
DogeOS testnet launches but Dogecoin price stays below $0.10 amid cautious trader response.

DogeOS testnet launches but Dogecoin price stays below $0.10 amid cautious trader response.

DogeOS has opened a public testnet allowing developers to build applications using Dogecoin, including payments and games. Despite this new development, Dogecoin's price remains below the $0.10 mark, trading near $0.095 with limited price movement. T...

Protocol Fundamentals
Neutral
1 day ago
Dogecoin perpetual futures launch fully regulated in the US with capped leverage and tax benefits.

Dogecoin perpetual futures launch fully regulated in the US with capped leverage and tax benefits.

Kalshi has launched fully regulated perpetual futures contracts for Dogecoin in the US, allowing retail investors to trade within a CFTC-regulated framework. These contracts feature fractional sizes (10 DOGE per contract), limited leverage (up to 3.8...

Market News
Bullish
2 days ago
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