• Dogecoin slides below $0.100 as sentiment in the crypto market falters ahead of the Fed interest rate decision.
• DOGE retail demand cools slightly with futures Open Interest averaging $1.35 billion.
• Dogecoin momentum indicators send mixed signals; the MACD maintains a buy signal, while the RSI turns down toward the midline.

Dogecoin (DOGE) hovers at $0.098 at the time of writing on Tuesday, after facing rejection slightly above the pivotal $0.100 level. The largest meme coin appears to be consolidating within a wider range, with support at $0.090 and a dense supply around $0.100.

The ongoing correction aligns with cooling sentiment in the broader crypto market, which has driven the Fear & Greed Index to 33 on Tuesday, down from 47 the previous day.

Market sentiment had gradually improved from last month’s extreme fear territory amid optimism for a diplomatic resolution of the United States (US)-Iran conflict. However, hopes dimmed after US President Donald Trump stopped a high-stakes peace delegation from traveling to Pakistan last Sunday.

Reports say that Trump is unlikely to accept Iran’s proposal to open the Strait of Hormuz, which skips Tehran’s nuclear program. Dismantling Iran’s nuclear program remains one of the hardline negotiation points to ending the war.

Dogecoin retail demand cools

The appetite for Dogecoin derivatives appears to be cooling, as futures Open Interest (OI) fades to $1.35 billion on Tuesday, down from $1.37 billion the previous day.

While the OI has gradually increased from its yearly low of $894 million on March 2, it still pales in comparison to the historical peak of $6 billion in September. Notably, further weakness in the derivatives could disadvantage the bulls, as traders remain cautious.

Despite retail demand softening, traders are increasingly seeking long exposure, as the OI-Weighted Funding Rate remains at 0.0089%. This metric has largely remained in positive territory since April 15, suggesting that bulls are willing to pay a premium to keep their long positions open.

Technical outlook: Dogecoin upside capped below $1.00

Dogecoin trades at $0.098 amid a neutral-to-bearish near-term bias. The meme coin holds above the 50-day Exponential Moving Average (EMA) at roughly $0.096 and the Bollinger Band's midline boundary near $0.096, while also staying above the prior downtrend resistance broken around $0.089.

Momentum stays constructive, with the Relative Strength Index (RSI) hovering in the high‑50s on the daily chart and the Moving Average Convergence Divergence (MACD) histogram remaining in positive territory, suggesting upside pressure could persist even as the pair approaches short-term overhang levels.

On the topside, initial resistance aligns with the upper Bollinger band around $0.101, ahead of the 100-day EMA near $0.104, while the 200-day EMA up at $0.126 marks a more significant cap if bulls extend the advance. On the downside, immediate support is seen at the prior breakout and recent pivot area close to $0.099, followed by the 50-day EMA at $0.096 and the Bollinger midline near $0.096. A deeper pullback would expose the lower band around $0.091 and, below that, the former trendline break zone near $0.089.

(The technical analysis of this story was written with the help of an AI tool.)