- DOGE trades at $0.0945, down 0.43%, trapped between the SAR at $0.08804 and the Supertrend at $0.10278.
- 99% of Polymarket daily bettors picked “Up” for April 8, but only 6% expect the next hour to be green.
- Volume surged 64.44% to $2.64B with OI up 9.79% to $1.20B as shorts absorbed heavier liquidations across all timeframes.
DOGE trades at $0.0945 on April 8, stuck below the Supertrend at $0.10278 inside a descending channel running since October 2025. Meanwhile, Polymarket’s daily contract shows 99% of bettors picking green for today, yet the 1-hour poll sits at just 6% upside.
The October Descending Channel
DOGE Daily Price Action (Source: TradingView)The descending channel from the October peak near $0.24 still controls the daily chart. Upper boundary resistance slopes near $0.1050 through mid-April, with the lower boundary running around $0.0750. DOGE has spent March and early April grinding through the lower half, failing to hold any push above the midline.
The Supertrend at $0.10278 has been bearish since late February. Above that, the 200-day EMA at $0.12615 is where the chart shifts from bearish to neutral. The SAR at $0.08804 sits below price, giving bulls a thin cushion, but it has flipped multiple times since February without producing a lasting trend. Every bounce since January has printed a lower high. Nothing about the current structure breaks that pattern yet.
DOGE Key levels for April 9
- SAR support: $0.08804
- Supertrend resistance: $0.10278
- Channel upper boundary: ~$0.1050
- 200-day EMA: $0.12615
- Channel lower boundary: ~$0.0750
The $0.10 Polymarket Bet
DOGE Polymarket April Contract (Source: Polymarket)Polymarket’s April contract carries $129,748 in volume expiring May 1. The $0.10 strike leads at 68% probability, up 18 points recently. Beyond that, conviction drops off a cliff. The $0.15 strike sits at 8%, down 42 points from earlier pricing. The $0.20 strike trades at 2%.
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The daily poll reads 99% “Up” for April 8, but the 1-hour contract shows just 6% on the upside. Intraday traders see short-term weakness even while the daily crowd stays directionally bullish. Confidence in the destination exists. Confidence in the timing does not.
$2.89M In Short Liquidations Over 24 Hours
DOGE Derivatives Data (Source: Coinglass)Volume jumped 64.44% to $2.64B while OI rose 9.79% to $1.20B. Both climbing together means fresh positions are entering, not old ones unwinding. Options activity confirms the same, with volume up 28.11% to $378.73.
The long/short ratio at 0.9786 leans marginally short on aggregate, but top traders on Binance and OKX are heavily long at 1.98 and 2.66 respectively. Over the past 24 hours, shorts lost $2.89M in liquidations against $544.83K for longs. Sellers are taking more pain right now. OI at $1.20B sits far below the $6B+ peaks from late 2024, so leverage has room to build if $0.10 breaks.
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Source: https://coinedition.com/dogecoin-price-prediction-99-of-polymarket-bettors-pick-doge-to-close-green-today/
