Dogecoin entered a sharp downside move after failing multiple times to hold the $0.137–$0.138 resistance zone. The repeated rejections at that level weakened short-term structure, setting the stage for a clean breakdown as selling pressure accelerated.
On the 4-hour chart, price rolled over and pushed decisively lower, extending the move toward the $0.125 area. That level marked the session low before buyers stepped in, triggering a modest rebound. DOGE has since stabilized near $0.127–$0.128, where short-term bids appear to be absorbing supply.
Volume Confirms Forced Selling, Not Gradual Distribution
The breakdown was accompanied by a pronounced spike in trading volume. This surge aligns with forced activity rather than controlled profit-taking, suggesting stops were triggered once price lost the $0.137–$0.138 range.
Volume expanded significantly during the selloff, then tapered as price compressed near the lows, signaling a pause in momentum rather than an immediate continuation.
Market data shows DOGE trading around $0.1279, down roughly 6.9% on the day. Despite the price decline, 24-hour volume surged above $1.9 billion, reinforcing the view that the move was driven by aggressive participation rather than low-liquidity drift.
Key Levels Now in Focus
From a structural standpoint, the prior support band near $0.137 has now flipped into resistance. As long as price remains below that zone, upside attempts are likely to face supply. On the downside, the $0.125–$0.127 region has emerged as the first area of stabilization, where buyers have shown willingness to defend.
For now, Dogecoin is consolidating after a fast, emotional move lower. Whether this base holds or gives way will depend on how price behaves around current levels, but the charts clearly show that the loss of $0.137 was the decisive trigger that shifted short-term control back to sellers.