Dogecoin slipped about 1.7 percent to roughly $0.125 as a high-volume breakdown pushed the token below short-term support and reinforced bearish momentum. The move highlights renewed selling pressure as volume spiked and breached near-term price floors, increasing downside risk for the meme coin.
The breach of near-term support suggests additional downside risk if buyers fail to reassert control. Sellers driven by elevated volume indicate mounting pressure on the token’s price.
Investors will watch for support around $0.120 and the next psychological level for a potential bounce. If selling persists, Dogecoin could test lower regions in the near term.
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