Rich by Coin

Dogecoin drops 11.8% to $0.1207 as macro uncertainty weighs on crypto markets. Technical indicators point to $0.116 support. The token fell 2.41% in the past 24 hours, with trading volume plummeting 44% to $426 million. The cryptocurrency sector faced renewed selling pressure over the weekend as traditional markets grappled with escalating trade tensions.

Bitcoin declined to $88,700 while Ethereum dropped to $2,930, dragging smaller-cap digital assets lower. Dogecoin, known for its high volatility and speculative nature, has been particularly vulnerable to the shift in market dynamics. Dogecoin currently trades below its 30-day average price of $0.134, signaling sustained bearish momentum. The Relative Strength Index sits at 38.61, indicating downward pressure without reaching oversold territory.

The MACD histogram remains negative at -0.0018943, confirming the continuation of the downtrend. Price action has formed a pattern of lower highs and lower lows, suggesting additional downside risk in the near term. Technical analysts identify $0.116 as the next potential support level based on recent swing lows. The absence of significant buying interest at current prices indicates limited conviction among market participants.

Volume analysis reveals thinning liquidity, which could amplify price movements in either direction. Dogecoin declined 11.8% to $0.1207 as macro uncertainty weighs on crypto markets, with Bitcoin and Ethereum also pulling lower. Technicals point to a potential support near $0.116, suggesting a critical juncture for the token. The price remains below its 30-day average of around $0.134, signaling ongoing bearish momentum.

The Relative Strength Index sits near 38.6, indicating downward pressure without being oversold, while the MACD histogram stays negative, reinforcing the downtrend. Volume has contracted, highlighting thinning liquidity that could amplify moves in either direction and raise the risk of sharp price swings. Technical analysts view the $0.116 level as the next potential support based on recent swing lows, but a lack of significant buying interest at current levels points to limited conviction among market participants. If buying interest does not pick up, further downside risk could persist as the broader market faces macro headwinds.