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Dogecoin dips 1.6% amid ETF liquidation and resistance near $0.092

Market News
08 Oct 2026
Coinpaper
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Bearish
Dogecoin dips 1.6% amid ETF liquidation and resistance near $0.092

Dogecoin (DOGE) recently fell about 1.6% to $0.0887 as rising Treasury yields and risk-off sentiment pressured cryptocurrencies. Despite forming a bullish golden cross—where the 50-day moving average crossed above the 200-day—DOGE failed to hold gains and slipped below $0.09. The key support is now around $0.084-$0.085, with resistance near $0.092. Adding uncertainty, Bitwise announced it will liquidate its Dogecoin ETF by October 14, potentially selling DOGE holdings and impacting the market. This highlights limited institutional demand for DOGE compared to other major cryptos, suggesting cautious near-term outlook.

Dogecoin's market cap stands at Rp268.91 trillion with a 24-hour trading volume of Rp19.48 trillion on Pluang as of Oct 08, 2026, 18:51 WIB. The price is currently Rp1,561, down 1.95% in the last day, reflecting ongoing selling pressure with 60% of orders being sell orders. Typical hold time for DOGE on Pluang is 110 days, indicating moderate investor commitment despite recent volatility.

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