Dogecoin fell from $0.11 to $0.09 in early February 2026, marking a 18% decline over the last seven days. The move came during a broader market pullback, but several technical indicators now suggest DOGE is nearing an oversold area. That has put short-term price action under close watch.
TD Sequential flashes a “9” on the daily chart
According to Ali Charts, Dogecoin printed a “9” buy signal on the daily TD Sequential. The indicator is used to spot exhaustion after a series of downward closes. The source notes that, in DOGE’s historical price action, this setup has previously been followed by corrective rallies in the 20% to 50% range. For traders, the signal draws more attention when it appears near a major support zone, which is the case now.
Analysts focus on downside liquidity around $0.09
BitGuru said price swept liquidity below the market near $0.09. In practice, that kind of move can force out weaker holders before longer-term buyers begin to step in. Over the past four months, Dogecoin has largely consolidated between $0.10 and $0.15. Because of that range, the current level is being watched as a potential long-term demand area. If buyers defend it, DOGE could move back toward its earlier trading band.
Bollinger Bands and RSI point to a stretched market
Other technical readings are lining up in the same direction. DOGE has touched the lower Bollinger Band, while the RSI has dropped to 33, both of which suggest the market is approaching oversold territory. Even so, the downtrend has not been fully invalidated. The source is clear on that point.
Bitcoin below $60,000 adds pressure across altcoins
Dogecoin’s setup is developing in a weaker macro trading environment for crypto. During the same period, Bitcoin slipped below $60,000, while Ethereum traded on low volume, adding pressure to altcoins. Recent rapid net outflows from US spot Bitcoin ETFs have also reduced short-term appetite for risk assets.
For now, DOGE is sitting at a key technical and psychological level. Holding support could open the door to a short relief bounce, but the source says talk of a stronger reversal would be premature without closes above $0.114.