Dogecoin (DOGE) is currently trading below $0.090 and is testing a key support level near $0.0879. The market is facing pressure due to weak retail demand and cautious sentiment after Donald Trump suggested the Iran conflict might last until late April. Rising oil prices, now above $100, are adding to this negative outlook.

Data from CoinGlass indicates a bearish trend. Open Interest has fallen to $1.05 billion, down 0.81% over the past day, which points to less market participation. Liquidations have hit $4.55 million, with $3.48 million coming from long positions, highlighting strong selling activity.

The long-to-short ratio stands at 0.967, showing that more traders are holding short positions. Additionally, the funding rate turned negative at -0.0097%, reinforcing the bearish sentiment among traders.

Looking at the 4-hour chart, DOGE is moving sideways but with a bearish tendency. The price keeps making lower highs and faces resistance near the $0.10 to $0.105 range. Meanwhile, the support level between $0.088 and $0.085 is being tested repeatedly, which often indicates weakening strength.

Momentum indicators such as RSI and MACD are flat or slightly bearish, and buying volume remains low. This suggests that any upward move might struggle unless the overall market mood improves.

Key levels to watch include resistance at $0.098 to $0.10, then around $0.104 to $0.108, and $0.11. Support is located between $0.088 and $0.085. If the price drops below $0.085, it could target $0.080 and $0.077 next.

In summary, Dogecoin appears weak at this point. Breaking below support could lead to further downside, while a strong move above $0.10 might help shift momentum upward.

#CryptoMarketSeesVolatility $DOGE ‌