Dogecoin is under pressure as it struggles to maintain its $0.088 support level, with technical indicators suggesting further declines. The memecoin has failed to break the $0.1 resistance level twice since February 25, and recent data shows a 1.24% price drop in the past 24 hours, despite a 4.6% increase in Open Interest. The Funding Rate has been negative since March 6, indicating bearish sentiment among traders. Social media engagement around Dogecoin has been positive, with spikes in Weighted Sentiment and Social Volume, particularly on March 4. However, this optimism has not translated into sustained price gains, as short-term holders have taken profits, pushing prices back toward the $0.088 support zone. Technical analysis reveals a bearish long-term trend, with key Fibonacci retracement levels at $0.117, $0.109, and $0.103 suggesting further selling pressure. The Liquidation Map indicates a cluster of long liquidations between $0.084 and $0.088, which could be triggered if Bitcoin continues its bearish trend. Traders are advised to prepare for potential further declines in Dogecoin's price.