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Dogecoin price drops below $0.09 amid meme coin market slump and technical risks

Market News
07 Oct 2026
CryptoTicker
View Source
Bearish
Dogecoin price drops below $0.09 amid meme coin market slump and technical risks

Dogecoin's price fell to $0.0886, dipping below the nine-cent mark as the entire meme coin segment shrank to $33.2 billion, representing just 3.9% of the altcoin market. Dogecoin holds 41.7% of this segment, making it the key asset in meme coins, but its price is under pressure with potential downside levels at $0.0871, $0.0828, and $0.076. The market sentiment is bearish, with a low long-short ratio indicating more short positions, though this could trigger a rapid rebound if shorts are forced to close. Investors should also consider tax implications in Germany and custody options under new EU regulations before trading.

Dogecoin's market cap on Pluang stands at Rp247.18 trillion as of Oct 08, 2026 05:02 WIB, with a significant 1-day price drop of 5.45%. Trading volume remains robust at Rp24.95 trillion, reflecting active market participation despite the bearish sentiment noted in the news. Pluang data shows a 60% sell order activity, indicating prevailing cautiousness among investors holding Dogecoin for an average of 110 days.

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Dogecoin (DOGE) drops near $0.09, with potential support at $0.088 and $0.086, and risk of falling to $0.076-$0.077.

Dogecoin (DOGE) drops near $0.09, with potential support at $0.088 and $0.086, and risk of falling to $0.076-$0.077.

Dogecoin (DOGE) traded near $0.09 on October 7, falling about 4% from previous levels and continuing its trend below $0.10. Technical analysis highlights support levels around $0.088 and $0.086, linked to the 50-day and 100-day moving averages, while...

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Dogecoin falls below $0.09 amid bearish signals and record-low memecoin market share.

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Dogecoin (DOGE) has dropped over 5% this week, trading below its 200-day EMA at $0.093, signaling weakening short-term momentum. Bearish sentiment is rising, with the long-to-short ratio hitting a monthly low of 0.68 and technical patterns suggesting...

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