Rich by Coin

Dogecoin fell about 7 percent as bitcoin retreated, with the memecoin underperforming larger cryptocurrencies amid a broader risk-off move. The token broke below key support at $0.1218 on heavy volume, turning that level into near-term resistance even after a brief bounce from around $0.115. Traders are watching the $0.115–$0.12 zone as a critical decision area. A hold and reclaim of $0.1218 would suggest stabilization, while a breakdown below $0.115 could open downside toward $0.108–$0.10.

Dogecoin slid sharply as bitcoin pulled back, breaking a key support level and forcing traders to reassess whether the memecoin is stabilizing — or rolling into a deeper corrective phase. DOGE broke decisively below $0.1218, a level that had acted as short-term support, triggering accelerated selling into the session close. The breakdown occurred on heavy volume, signaling active distribution rather than a low-liquidity drift. Price briefly flushed toward $0.115, where buyers stepped in to defend the level, producing a short-term bounce back toward $0.116.

That reaction suggests demand still exists near the lower end of the range — but structure remains fragile unless DOGE can reclaim former support. The loss of $0.1218 flips that zone into near-term resistance, with rallies now likely to face selling pressure. Traders are focused on the $0.115–$0.12 zone as the next decision point. If $0.115 holds, DOGE could stabilize and attempt a range rebuild — but bulls would need a reclaim of $0.1218, followed by $0.125, to signal the breakdown was corrective rather than structural.

If $0.115 fails, downside risk opens toward $0.108–$0.10, with momentum likely to accelerate as remaining support gives way. For now, DOGE remains a high-beta trade tied closely to bitcoin, with technical levels — not narratives — dictating direction. The move wasn’t driven by a DOGE-specific headline, but by risk-off positioning, with memecoins once again underperforming majors during the pullback. At the same time, on-chain data showed a sharp drop in large DOGE transactions, highlighting reduced participation from bigger players as price approached critical support.