Dogecoin edged lower during Sunday’s session after failing to hold near-term support, with elevated volume suggesting sellers are regaining control as the price slips toward the lower end of its recent range.
Market overview
DOGE fell about 1.8% over the past 24 hours, falling from an intraday high near $0.1341 to trade around $0.1323. The move followed a failed recovery attempt above $0.135 where selling pressure resurfaced and limited upside momentum.
Trading activity increased especially during the decline. Volume rose to around 721 million tokens around the session top, around 150% above the 24-hour average, indicating active repositioning rather than thin price movement with low liquidity.
Technical analysis
The key technical development was DOGE’s loss of support near $0.1320, a level that had held during several previous pullbacks. As this area gave way, the price fell towards session lows with limited follow-up buying.
On intraday charts, the DOGE also slipped below the lower boundary of a short-term ascending channel, confirming a shift away from the modest recovery structure that had formed at the end of last week. The rejection near $0.1352 established a lower high, reinforcing the bearish short-term bias.
Price action overview
- DOGE failed to hold gains above $0.135, meeting selling interest at resistance
- Volume expanded sharply during the rejection, indicating distribution
- The price fell below $0.1320, a level that had acted as support in the short term
- Late session trading stabilized near $0.1323, but without a strong recovery
Overall, the price action reflected controlled selling rather than panic, although momentum continues to tilt lower.
What traders need to see
With $0.1320 now acting as overhead resistance, attention shifts to whether DOGE can stabilize above the next demand area near $0.1280-$0.1290. This zone is consistent with previous consolidation and could attract buying interest if selling pressure eases.
On the upside, DOGE would need to reclaim $0.1320 and then $0.1350 to neutralize the current bearish structure. Until then, rallies are likely to face bidding from traders looking to exit positions on strength.
For now, DOGE remains in a fragile technical position, with price action suggesting a consolidation-to-decline pattern rather than a confirmed reversal.
