DOGE Price: Dogecoin breaks support as year-end selling drags DOGE to $0.123

Dogecoin (DOGE) fell 3% to $0.1226, breaking below the critical support level of $0.1248 amid heavy year-end selling pressure, confirming a bearish structure for the month. The breakdown occurred on volume 157% above average, suggesting active distribution rather than thin liquidity drift. This selling occurred despite oversold conditions, as whale wallets distributed approximately 150 million DOGE over the past five days, capping any rallies. Derivatives markets remain active, with open interest rising above $1.5 billion, indicating continued futures trader exposure despite the weak spot market. Technically, DOGE is trapped in a descending channel, and its immediate fate hinges on whether the $0.1226 level holds; a failure could lead to the next downside magnet near $0.118.

(Source：CoinDesk)