The post Bearish near $0.09 this week appeared on BitcoinEthereumNews.com.

In a broader risk-off crypto environment, the Dogecoin price is hovering near $0.09 with compressed volatility and a clearly defensive market mood. DOGE/USDT — daily chart with candlesticks, EMA20/EMA50 and volume. Daily Bias (D1): Structure Is Still Bearish The main scenario on the daily timeframe is bearish. Price is trading at $0.09, below all key moving averages and under the mid-range of recent trading. EMAs (Daily) Levels: close $0.09, EMA 20 at $0.10, EMA 50 at $0.11, EMA 200 at $0.15. The entire EMA stack is above price and properly aligned in a downtrend (20 < 50 < 200), with DOGE sitting under the shortest EMA. That is a textbook downtrend structure. Moreover, rallies back toward $0.10–0.11 are, by default, bounces inside a broader decline until proven otherwise. RSI (Daily) Value: RSI 14 at 44.6. RSI is slightly below the midpoint but not oversold. Sellers have the upper hand, but there is no capitulation. This is the kind of reading you often see in slow, grinding downtrends or in consolidation after a selloff, rather than a panic bottom or a euphoric top. MACD (Daily) Values: MACD line ≈ 0, signal ≈ 0, histogram ≈ 0. MACD is essentially flatlined. Momentum has faded to neutral after prior downside, and there is no strong push either way. That fits a market that is pausing rather than trending aggressively right now, even if the larger structure still leans bearish. Bollinger Bands (Daily) Levels: mid-band $0.10, upper band $0.10, lower band $0.09. The bands have collapsed onto price, with barely any spread between upper and lower bands. Volatility is extremely compressed. When Bollinger Bands squeeze like this, it usually precedes a sharp move; what is unclear is direction. Given the prevailing downtrend, the path of least resistance is a downside expansion unless buyers step…

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Filed under: News - @ March 6, 2026 2:28 pm