Dogecoin fell about 7% to around $0.1162 after testing $0.1245 as Bitcoin weakened and volume surged. The move reflected a broader risk-off mood that weighed on meme coins alongside the wider crypto market.
A break below the $0.1218 level accelerated selling, with a brief dip to around $0.115 that found some support before fading. Prices then bounced modestly but remained below key resistance, with the $0.1218 level turning into a short-term ceiling.
Traders are watching the $0.115–$0.12 zone as the next decisive area. If $0.115 holds, DOGE could stabilize and reestablish a trading range, but a sustained upside move would require breaking above $0.1218 and reclaiming roughly $0.125. Should the $0.115 level fail, the downside could extend toward the $0.108–$0.10 zone, with momentum likely to accelerate as remaining support gives way.
For now, DOGE remains a high-beta asset closely tied to Bitcoin, with direction driven more by technical levels than headlines. Market participants will be watching BTC’s next moves for clues on DOGE’s near-term trajectory.
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