The memecoin crashes through the critical $0.15 floor on exceptional volume, establishing new support near $0.138 as bears tighten control over major timeframes.
News background
• Crypto markets remain in extreme fear with Bitcoin slipping below $85,000.
• Total market value loses 120 billion. USD in 24 hours as risk-off sentiment deepens
• Meme coin sector sees broad deleveraging; liquidity is thinning across major exchanges
• Whale accumulation activity slows sharply after a two-week buying spree
• Analysts note forced liquidations across altcoins as macro flows weaken
Price action summary
• DOGE collapses 11.2% from $0.1578 → $0.1401 and breaks several support layers
• Total volume rises to 2.52B, a massive 263% above 24-hour SMA
• Collapse ignites at 07:00 UTC, rejecting resistance at $0.1595 and entering controlled descent
• The Capitulation event hits at 07:33–07:36 with a turnover of over DKK 500 million. as price differences from $0.144 → $0.138
• Attempts to stabilize appear near $0.140, forming a tentative structural floor
• Session structure prints consecutive lower highs and lower lows, confirming trend deterioration
Technical Analysis
Dogecoin chart led decisive structural damagedriven by a cascade of technical failures rather than fundamentals. The early rejection at $0.1595 established clear bearish momentum which intensified as liquidity thinned over the meme coin order books.
The cascade from $0.144 to $0.138 revealed algorithmic or institutional selling programs running in rapid succession. These minute-by-minute gaps lower technical voids created, indicating displaced liquidity that typically requires future replenishment before sustainable recoveries occur.
Volume acceleration – 2.52B in total, with 500M below the crash window – confirms the move was driven by large-scale distribution rather than retail panic. The stabilization around $0.140 suggests the initial exhaustion of selling pressure, but the structural trend remains decisively bearish given the intact pattern of lower highs and lower lows.
Momentum indicators are now showing deep oversold readings, but without confirming divergences. DOGE is trading below its 50D and 200D moving averages, both now falling downwards – a classic sign of continued trend weakness.
What traders should see
Dogecoin sits in a high-risk inflection zone where volatility and liquidity conditions can change rapidly:
• $0.138 is the line in the sand — failure invites quick momentum towards $0.135, then $0.128
• Stabilization at $0.140 must be converted to sustained demand to avoid deeper structural collapse
• Watch for fill attempts at the $0.144 gap zone — retracement of this level will signal early recovery attempts
• Broader crypto sentiment remains fragile; further Bitcoin weakness will disproportionately affect DOGE
• Absence of fresh whale accumulation after the decline gives cause for caution in the short term
• If ETF news for DOGE resurfaces, expect volatility but not necessarily directional relief
