Dogecoin Falls Below Key Support Amid Bitcoin Retreat
Dogecoin (DOGE) slipped sharply as Bitcoin’s pullback sparked risk-off sentiment, breaking critical support and raising concerns over whether the memecoin is stabilizing or entering a deeper correction.
DOGE dropped about 7%, falling from $0.1245 to $0.1162. The token broke below $0.1218 on heavy volume, turning the level into near-term resistance. It briefly tested $0.115 before bouncing to $0.116, showing some buying interest, though the overall structure remains fragile.
The decline mirrored broader crypto weakness, with high-beta memecoins underperforming major tokens, and was not driven by DOGE-specific news.
On-chain data revealed a sharp drop in large DOGE transactions, highlighting reduced activity from bigger holders near key support.
Technical Outlook:
- $0.1218 now acts as resistance.
- Traders are watching $0.115–$0.12 as a critical range.
- Holding $0.115 could stabilize DOGE; a break lower risks $0.108–$0.10.
DOGE remains closely tied to Bitcoin, with technical levels guiding near-term price action.
