By cryptoadmin DOGE broke lower from its recent range and stayed heavy as long liquidations built. Any bounce is running into supply near the breakdown zone.
News Background
Dogecoin slid alongside broader crypto weakness, with memecoins again leading losses. The move wasn’t tied to a single new headline, but to positioning and liquidation pressure after DOGE failed to hold its consolidation floor.
Once price slipped below the $0.126 area, selling accelerated quickly, catching late longs offside and triggering forced exits across derivatives markets.
Technical Analysis
DOGE broke down from the $0.1258–$0.1260 base on elevated volume, confirming a bearish shift in short-term structure. The move extended toward $0.123, with sellers defending rebounds aggressively.
Volume expanded into the breakdown, consistent with forced activity rather than a shallow dip. Price has since stabilized near $0.125, but remains below former support, which now flips into resistance.
Price Action Summary
- DOGE fell about 5%, sliding from $0.128 to $0.125
- Support near $0.126 failed after repeated tests
- Selling pressure intensified alongside long liquidations
- DOGE tracked broader market weakness, showing little relative strength
What traders say is next?
If $0.124 holds, traders look for stabilization — but rebounds face resistance at $0.126–$0.127, where the breakdown began. A reclaim of that zone is needed to ease downside pressure.
If $0.124 fails, DOGE risks sliding toward $0.123–$0.122 as bearish momentum extends.