Dogecoin is currently trading around the $0.14 mark. Analysts are pointing to weakening support levels and have identified $0.081 as the next significant demand zone. This assessment is based on price data from CoinMarketCap and on-chain signals that were shared on December 8th by Ali Martinez.
Understanding the Support Levels
According to the analysis, the UTXO Realized Price Distribution chart indicates limited historical buying activity just below current price levels. This suggests that even a minor wave of selling could potentially accelerate a move towards a more substantial cluster of accumulated coins located near the $0.081 mark. This particular area has historically served as a more durable base during previous market phases. Consequently, market participants are currently considering whether a decline into this zone would represent a significant downturn or a constructive reset for long-term bullish investors.
Complex Pullback Pattern and Market Outlook
A secondary analytical perspective highlights what is referred to as a "Complex Pullback" pattern within Dogecoin's weekly price structure. Earlier rounded corrections observed in 2024 and early 2025, which fit this pattern, were followed by strong upward price movements. At present, the market appears to be in a holding pattern. Observers are closely watching to determine whether the price will break down towards the $0.081 level before initiating an upward trend, or if it will stabilize above current levels, thereby necessitating a reassessment of the bullish outlook.