dogecoin

Cardano drops below $0.2800 on Monday, extending the 4% decline from the $0.3000 resistance on the previous day.
Derivatives data shows a decline in Open Interest and a negative flip in funding rates as sentiment shifts bearish.
The technical outlook remains mixed, with ADA holding above the 50-period EMA on the 4-hour chart.
Cardano (ADA) is trading below $0.2800 at press time on Monday, after a 4% decline the previous day. Retail interest in ADA remains low at the start of this week, as evidenced by falling Open Interest and negative funding rates. Technically, Cardano is holding its ground at a crucial crossroads as momentum downshifts into neutral gear.
Cardano struggles to remain in the crypto market spotlight
Cardano is losing retail demand, which was prompted by the LayerZero integration plan and the Midnight mainnet release in March, announced by its founder, Charles Hoskinson, on Thursday at Consensus Hong Kong 2026, hosted by CoinDesk.
CoinGlass data indicate that the ADA futures Open Interest (OI) declined to $447.07 million, a 9.55% drop over the last 24 hours, reflecting substantial outflows from ADA derivatives, likely triggered by liquidation waves. During the same period, long liquidations totaled $932,080, significantly higher than short liquidations of $84,010, suggesting a pronounced wipeout of bullish positions. This reduced the long-to-short ratio below 1, at 0.9619, indicating a greater number of active short positions in ADA derivatives.
Additionally, the funding rate of -0.0076% indicates that traders are bearish, as evidenced by the premium imposed to hold short positions, which is necessary to balance spot and swap market prices. Otherwise, intense downward pressure in the derivatives market could drive swap prices significantly below spot market prices.
After losing its position among the top 10 cryptocurrencies by market capitalization, Cardano has struggled to regain strength. At the time of writing, ADA hovers above the 50-period Exponential Moving Average (EMA) at $0.2772 on the 4-hour chart on Monday, which serves as the short-term support level. Still, the downward slope in the 200-period EMA at $0.3129 asserts a bearish bias.
Technical outlook: Will Cardano extend its decline?
The Moving Average Convergence Divergence (MACD) crosses below the signal line on the 4-hour chart earlier in the day, suggesting renewed bearish momentum. The negative histogram widens below the zero line, confirming that the sellers have regained trend control.
The Relative Strength Index (RSI) is at 52 on the same chart, flattening as it approaches the midline, indicating stabilizing momentum following a recent recovery run.
However, the recent higher-low formation and the breakout above the $0.2764 resistance level, which capped the February 6 rebound, keep the upside bias on the table. For a sustained recovery, ADA should exceed the $0.3050 level, which would open the door to the 200-period EMA at $0.3129 and the 1.272 Fibonacci extension level at $0.3279.
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#Dogecoin is testing key resistance at the Supertrend indicator level while an analyst says momentum is necessary for a rally.
Dogecoin (DOGE) is currently priced at $0.09964, declining by 2.42% over the past day. The price action has been particularly volatile, with Dogecoin briefly climbing above $0.10 before falling back to $0.099, then toward its current price. While it shows some resilience with a 3.77% gain over the past 7 days, this short-term recovery appears to be at odds with its broader downtrend. 
The 24-hour trading volume of $295.85 million in spot trades suggests a moderate level of market interest. However, the futures volume of $2.33 billion reveals more aggressive positioning in the derivatives market.
Dogecoin’s performance over the last 30 days has been grim, with a 27.69% decline, and its 90-day drop of 38.38% paints a picture of a challenging market environment. The situation worsens when examining its 1-year performance, where the price has fallen 62.51%, raising concerns for long-term holders. Despite this, Dogecoin still shows an all-time performance gain of 17,500%. 
Notably, if Dogecoin manages to break resistance near the $0.10 level, it could spark a short-term rally. Can DOGE surge higher to break key resistance?
Dogecoin Price Analysis 
Looking at the daily chart, Dogecoin is facing resistance around $0.11483, as indicated by the Supertrend indicator, which currently shows a red signal, highlighting bearish momentum. The market had previously tested this resistance level, and DOGE has struggled to break through it. 

If Dogecoin is unable to surpass this resistance, it may face further downward pressure. However, if it manages to break above this level, the next resistance could be around $0.125. Nonetheless, if the price fails to hold above this level, the next significant support zone lies at $0.095.
Looking at the Standard Deviation indicator, the current value is 0.00757, showing declining volatility in comparison to previous periods. This suggests that Dogecoin may be moving toward a consolidation phase, with price fluctuations staying within a narrower range. A spike in volatility could occur if the price breaks key levels of support or resistance, which would signal a potential move in either direction.
Analyst Weighs In
On the commentary end, analyst Trader Tardigrade notes that Dogecoin has successfully held above its descending trendline after the backtest, maintaining a bullish structure. Per his chart, the price has also retested and held the descending trendline support. 

However, he highlights that the momentum is currently weak, as the price needs to build more buying pressure to confirm the breakout. 
Trader Tardigrade advises watching for higher volume and stronger candlestick formations to validate the uptrend. While the outlook is cautiously optimistic, his next target for Dogecoin would be around the $0.146 level.
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