With the price of DOGE sliding into the mid-$0.13 range, traders are questioning if this move signals the beginning of a deeper bearish continuation or simply a shakeout within a larger consolidation structure.
DOGE Slips Below Critical Support
DOGE Chart | Source: TradingView
After spending several sessions moving between $0.14 and $0.15, Dogecoin finally broke lower during today’s trading period. The decline pushed DOGE toward roughly $0.138, marking a drop of six to seven percent in 24 hours.
Today’s action has spanned a wide intraday range from approximately $0.138 to $0.150, which shows elevated volatility as sellers regained the upper hand.
This breakdown matters because $0.14 had served as a firm support level for much of December. Losing this area now exposes DOGE to deeper retracement zones that have not been tested in recent weeks. The move also follows several unsuccessful attempts to reclaim $0.15. This reinforces that buyers have struggled to establish control over short-term momentum.
Momentum Weak as RSI Signals Fragile Conditions
Dogecoin continues to trade below both its 50-day and 200-day Simple Moving Averages. This positioning places DOGE firmly within a broader multi-week downtrend.
The 50-day average is currently hovering above price and reflects short-term resistance that has capped recent rallies, while the 200-day average sits slightly higher and shows that the long-term trend has weakened as well.
In the meantime, the Relative Strength Index (RSI) on Dogecoin’s daily chart has been sitting in the low-to-mid 40s. This reading indicates that momentum is soft but not yet oversold.
At this level, DOGE is neither attracting aggressive selling pressure nor drawing in buyers who typically respond when RSI approaches extreme lows. If the indicator falls into the 30–35 range, the market may see stronger interest from short-term traders looking for a technical rebound.
For now, RSI reflects a phase of neutral-bearish momentum rather than outright capitulation.
Fibonacci Levels and Potential Recovery Targets
If DOGE stabilizes around the $0.135–$0.138 region, analysts will begin shifting their attention to potential areas where a relief rally could take shape. The first important recovery target lies near $0.148–$0.150, a zone that has repeatedly rejected the price over the past several sessions. Regaining this region would be an early sign of improving sentiment.
Should DOGE reclaim $0.15 with conviction, the next area of interest sits around $0.158–$0.162, where Fibonacci extension markers intersect with prior volume concentrations.
A breakout beyond those levels would bring the broader $0.165–$0.175 zone into view. That region aligns with previous local highs and would require clear strength in market participation.
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These targets are not indications of a confirmed trend reversal; instead, they represent critical checkpoints DOGE would need to conquer before any bullish case can develop.
Short-Term Supports and Breakdown Risks
Dogecoin currently trades within a vulnerable band. The first level the market must protect is the $0.135 area, which now serves as immediate support after the loss of $0.14.
A failure to hold this region would expose the price to the next historical demand zone around $0.128–$0.130. Beyond that, the $0.12 level emerges as a major structural support area, and losing it would significantly weaken any remaining bullish momentum and increase the likelihood of revisiting multi-month lows.
On the upside, DOGE needs to first reclaim $0.148–$0.150 to regain its technical footing. The 50-day moving average sits just above this zone and is likely to act as a secondary resistance level. Sustained price action above $0.16 would be required to shift the broader directional bias and signal that buyers are regaining control.
Final Thoughts
Dogecoin’s slip below $0.14 represents a meaningful technical deterioration and places the asset in a vulnerable short-term position. Momentum is weak, trend indicators are overhead, and sellers retain the advantage.
At the same time, strong network engagement, an increase in active addresses, and ongoing ecosystem developments indicate that the long-term story behind DOGE remains intact.
The key question now is whether DOGE can stabilize above the $0.135 area and attempt a recovery back toward the $0.15 region, or whether continued weakness will drive it into deeper support zones.
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