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

Market News
08 Oct 2026, 00:43 WIB
CryptoTicker
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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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