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Dogecoin Price Holds $0.1 Line as Leverage Builds Rapidly

Dogecoin Price Holds $0.1 Line as Leverage Builds Rapidly

CryptoNewsNetCryptoNewsNet2026/03/18 23:27
By:CryptoNewsNet
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Dogecoin Price Holds $0.1 Line as Leverage Builds Rapidly

Dogecoin Price Holds $0.1 Line as Leverage Builds Rapidly image 0  cryptonewsz.com 6 m
Dogecoin Price Holds $0.1 Line as Leverage Builds Rapidly image 1
  • Dogecoin price challenges the multi-months resistance trendline of falling channel pattern, signalling a pivot moment for holders.
  • The SEC and CFTC have issued a joint interpretive framework that categorizes crypto assets into five types, with Dogecoin officially classified as a digital commodity.
  • The 50-day exponential moving average (EMA) at $0.102 offers an additional line of defense against buyers.

$DOGE, the popular meme cryptocurrency, slips roughly 2.8% on Tuesday to barely hold at $0.1 psychological level. The pullback likely followed the broader market retracement after notable recovery last week. While the backdrop is considered an opportunity for buyers to recoup bullish momentum, the U.S. market witnessed one of the most significant pro-crypto regulatory shifts. In addition, the derivative market recorded a renewed interest from futures traders signalling their expectation for a potential move.

Dogecoin Gains Momentum as SEC-CFTC Classify $DOGE as Digital Commodity

The memecoin market witnessed a significant recovery since last week uplifting its market cap to $33.15. This upswing aligns with Bitcoin’s recovery above $72,000 as geopolitical tension in the middle east has slightly eased.

While the Dogecoin price showed a temporary pullback today, U.S. regulators, including the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC), have together issued an interpretive framework launching a formal classification system for crypto assets.

The document classifies digital assets into five categories — digital commodities, digital collectibles, digital tools, stablecoins and digital securities. Within this framework, Dogecoin ($DOGE) has been categorized as a digital commodity and thus resides in the same league as some of the main cryptocurrencies.

At the same time, the level of activity in the derivatives market has particularly increased. According to Coinglass data, the open interest associated with $DOGE’s futures contract showed a recovery from $894.4 million to $1.25 billion, registering a 39% surge.

Dogecoin Price Holds $0.1 Line as Leverage Builds Rapidly image 2

This significant increase in leverage shows a considerable increase in the volume of capital flowing into these positions, indicating an increase in the participation of traders and renewed credibility and likely driven by the clarity offered by the latest regulatory measures traders.

Dogecoin Price Risk a Breakdown Below $0.1

Over the past week, the Dogecoin price showed a notable recovery from $0.086 to $0.1, projecting a 15.57% surge. As a result, the asset market cap bounced to $17 million.

However, the recovery trend has hit a major wall at $0.104 coinciding with the resistance trendline of falling channel pattern.

Since October 2025, the coin price has been resonating within two parallel trendlines of chart setup, offering dynamic resistance and support to traders.

Currently, the Dogecoin price is testing the supply pressure at the overhead trendline, signalling a risk bearish turnaround. The recent history of this pattern suggests that the previous reversal from channel resistance led to price correction of 30-40%.

If the sellers continued to defend the upper boundary, the coin price could revert lower and test the immediate support at $0.086.

The downsloping slope of 100-and-200-day EMA signals the broader trend is bearish.

Dogecoin Price Holds $0.1 Line as Leverage Builds Rapidly image 3
$DOGE/USDT -1d Chart

On the contrary, a bullish breakout from the pattern’s resistance trendline would signal a shift in market sentiment. The post-breakout rally could drive the asset another to potentially target $0.15.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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