Dogecoin recovery stalls as DOGE retreats below $0.10

Dogecoin price is hovering near $0.10 after facing fresh rejection above this level. Open interest has dropped below $1 billion. If weakness intensifies, DOGE could drop to $0.08. The latest price rally has hit a snag, with the meme coin slipping back under the key $0.10 threshold amid fading momentum in the sector. On Thursday, February 26, 2026, DOGE hovered around $0.1004. It clung to modest daily gains after a volatile week that saw it dip as low as $0.0914 the previous day. This retreat highlights persistent challenges for meme-themed cryptocurrencies. Once buoyed by celebrity endorsements, they now grapple with broader market headwinds and technical barriers. Dogecoin briefly surged past $0.10 on Wednesday, fueled by a sharp rebound for Bitcoin and top altcoins. Traders eyed momentum above the psychological level as a potential springboard for renewed interest, especially after DOGE touched $0.11 on February 25 before retreating. However, the uptick proved short-lived. Selling pressure mounted as the token failed to sustain gains, retreating amid thinner trading volumes and scepticism over long-term catalysts. A unique angle here is the role of retail investor fatigue. On-chain metrics show smaller holders distributing positions after the spike, wary of the slide seen following Dogecoin’s peak in 2025. CoinGlass data shows that open interest in Dogecoin futures has dropped to under $1 billion. The dip has been progressive since the peak of over $5 billion in September 2025. This shift highlights a reduction in leveraged exposure and a possible cooling of speculative activity. We should monitor whether the market stabilizes here or if the trend accelerates further. Is the current price level sustainable, or are we seeing a deeper correction?