Dogecoin tumbled 5% on Tuesday, making it the worst performer among the top 10 cryptocurrencies by market cap, as Bitcoin slipped below $77,000 and dragged down risk appetite across digital assets. The meme coin now trades under $0.106, and traders are watching for a daily close below its 100-day exponential moving average (EMA) — a level that could open the door to $0.10 and beyond.
Technical breakdown deepens
Dogecoin's 4-hour Relative Strength Index (RSI) sits near 41, signaling that bearish momentum is building rather than exhausted. The Moving Average Convergence Divergence (MACD) confirmed a bearish crossover on Saturday, and that signal has only intensified. A sustained break below the 100-day EMA at $0.106 would likely target the 50-day EMA at $0.103. If that fails, the next major support sits at $0.090.
Meme coin contagion
Dogecoin isn't alone. Shiba Inu and Pepe are also under heavy selling pressure, part of a broader meme coin rout that began late last week. Bitcoin's slide below $77,000 has drained liquidity from altcoins across the board, but the speculative corners of the market are taking the hardest hits.
What to watch next
All eyes are on whether Dogecoin can hold the $0.103 level in the coming sessions. A decisive breakdown there would make $0.090 the next realistic target — a drop of roughly 15% from current prices. The MACD and RSI both suggest the path of least resistance is lower, but a close back above $0.106 would invalidate the immediate bearish setup.
