- DOGE is testing a crucial support zone near $0.12.
- A breakdown could send price toward $0.10–$0.11.
- A bounce may face resistance around $0.132 and $0.14.
Dogecoin (DOGE) is once again under pressure as weakness across the broader crypto market drags prices lower. After a brief lift earlier this month, DOGE has slipped back toward a crucial technical level near $0.12 — a zone many traders see as decisive for its near-term direction. With momentum fading and risk appetite thinning, the meme coin is approaching a moment that could shape its next major move.
Why Dogecoin Is Losing Momentum
The latest pullback did not happen in isolation. DOGE initially benefited from optimism tied to ETF-related developments, but that enthusiasm proved short-lived. Inflows failed to translate into sustained buying, prompting traders to lock in gains. As selling picked up, Dogecoin quickly gave back its recent advance.
At the same time, the wider crypto market has struggled to find clear direction. Bitcoin and major altcoins have shown hesitation, and that uncertainty has weighed heavily on speculative assets like DOGE. As overall momentum cooled, sellers regained control, pushing prices steadily lower toward key support.
Price Action Highlights a Critical Test
From a technical perspective, Dogecoin’s structure remains fragile. The price has been forming lower highs for weeks, signaling that bearish pressure is still dominant. DOGE continues to trade within a descending channel, with repeated failures near the $0.13–$0.14 region reinforcing short-term resistance.
The focus now is firmly on the $0.12 area, a demand zone that has previously attracted buyers. This level represents a clear make-or-break point. Short-term moving averages are tightly clustered, reflecting market indecision rather than a strong trend. In other words, traders are waiting for confirmation before committing to the next move.
Downside Risks and Upside Scenarios
If Dogecoin fails to hold the $0.12 support on a closing basis, the technical outlook could worsen quickly. A breakdown may open the door to a deeper pullback toward the $0.10–$0.11 range, where buyers may attempt to step in again.
On the other hand, a successful defense of this zone could spark a relief bounce. In that scenario, DOGE would likely face immediate resistance near $0.132, followed by a tougher test around $0.14. Any upside move, however, would need stronger volume and broader market support to signal a meaningful shift in trend.
Also Read: $870M Liquidated in Hours as Trump Tariffs Rock Crypto Markets
Dogecoin is sitting at a pivotal crossroads. Bearish structure still dominates, but the pace of selling has slowed as price compresses near support. Whether DOGE breaks lower or stages a recovery will likely depend on how the market reacts around $0.12. For now, traders are watching closely, aware that this level could set the tone for Dogecoin’s next chapter.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. CoinBrief.io is not responsible for any financial losses.
