Dogecoin Price Outlook for Feb 10: Here’s Key Level for DOGE to Reclaim as $2.07M Liquidated From Market

Dogecoin remains under pressure as heavy long liquidations and technical resistance define a critical reclaim zone that will shape its next move.

Dogecoin (DOGE) is once again testing investor patience as short-term weakness collides with steady market participation. DOGE is trading at $0.0934, down 1.5% over the past 24 hours, after failing to sustain earlier intraday gains. The meme coin has moved within a daily range of $0.09267 to $0.09674, reflecting tight but persistent selling pressure. 

Despite the pullback, DOGE has outperformed Bitcoin on the day, gaining 0.6% versus BTC, although broader trends remain under strain. The largest memecoin by market cap has struggled in the longer-term, including 13.6% losses over seven days and 33% in the past 30 days.

With short-term volatility building and relative strength flashing against Bitcoin, the key question now is whether Dogecoin can set up its next decisive move.

Dogecoin Price Analysis

Dogecoin remains under sustained pressure on the weekly chart, with the price above $0.08, a zone that now defines the most immediate support. A decisive weekly close below this level would expose DOGE to deeper downside, with the next notable support likely emerging around the $0.06 region. Until buyers defend the current base convincingly, downside risks remain elevated.

On the upside, Dogecoin faces layered resistance that reinforces the broader bearish structure. The first major ceiling sits near $0.175, aligning closely with the 50-week EMA, as well as the 100-week EMA. Beyond that, prior weekly highs around $0.20–$0.25 represent a heavier resistance band. Without a recovery of the EMA zone, upside moves will likely remain corrective.

Momentum indicators continue to reflect weakening conditions. The weekly True Strength Index (TSI) remains firmly in negative territory, with both TSI and signal lines trending lower. Until the TSI moves to the positive region and the TSI line flips above the signal line, the technical setup favors caution.

DOGE Liquidation Data

Liquidation data adds another layer to Dogecoin’s current market stress. Over the past 24 hours, total liquidations reached $2.07 million, with long positions accounting for roughly $1.60 million, far outweighing $477.87K in short liquidations. This imbalance shows that most forced exits came from traders betting on upside.

Shorter time frames tell a similar story. In the last 12 hours, liquidations totaled $893.09K, with longs contributing $834.24K, compared to just $58.84K from shorts. Even in the most recent 4-hour window, nearly the entire $310.32K wiped out came from long positions, while shorts lost only $5,17K.