Overview
- DOGE trades near $0.115 after a 2–3% 24-hour decline, with market capitalization and daily volume also slipping by roughly 2–3%.
- Price action remains confined to a descending channel that began after the October 10, 2025 flash crash, a structure that typically favors further downside absent a decisive breakout with volume.
- Technical gauges show continued weakness, with DOGE below a falling 50-day moving average and a declining 200-day moving average; near-term resistance sits around $0.123 and support clusters just above $0.11.
- Analysts highlight a make-or-break zone at $0.10–$0.12, with some noting confluence at longer-term trend markers such as the 2-week 200 EMA/SMA.
- On-chain data point to waning participation, as transactions over $1 million reportedly dropped about 94.6% in four weeks, reinforcing the need for a new catalyst or Bitcoin-led risk appetite to revive demand.