DOGE Price News: Dogecoin Chart Turns Fully Bearish After Multi-Level Support Failure
Dogecoin collapsed below $0.15 support on high volume, confirming a bearish trend as technical indicators signal weakness.Summary
Dogecoin (DOGE) experienced a significant price collapse, breaking the critical $0.15 support level and establishing new support near $0.138 amid exceptionally high trading volume (2.52B, 263% above average). This breakdown, which occurred with large-scale distribution confirmed by volume spikes, solidified a bearish structure characterized by consecutive lower highs and lower lows across major timeframes. Technical analysis shows DOGE trading below both its 50-day and 200-day moving averages, which are now sloping downward, indicating sustained trend weakness despite momentum indicators showing oversold conditions. Traders are watching the $0.138 level as a critical line; failure here could lead to drops toward $0.135 and $0.128, while stabilization at $0.140 is needed to prevent deeper structural breakdown, all occurring within a broader crypto market gripped by extreme fear.
(Source：CoinDesk)