This level had supported the price for several days but sellers pushed through it with strong trading activity. The fall was small in size but important in meaning because it broke the recent balance in the market.
Over the past twenty four hours Dogecoin slipped about zero point three percent. Price moved from around 0.1309 down to near 0.1305. During this time the market showed clear signs of tension. Price moved up and down more than usual and daily movement reached around four percent. This shows traders were reacting quickly to small changes.
Trading activity increased during the session. More people were buying and selling compared to recent days. Early in the day Dogecoin tried to move higher and briefly reached close to 0.134. This move did not last long. Sellers stepped in and pushed the price back down. This made it clear that the area near 0.134 is now hard to break and acts as a ceiling for price.
As trading continued Dogecoin lost strength during US and early Asian hours. The price fell below 0.1289 which had been a level where buyers often appeared before. This time buyers were weaker and could not defend it. The drop happened with strong volume which means many traders were active. This was not a slow drift but a clear move driven by selling.
The strongest push lower happened shortly after two UTC. Price dropped quickly from around 0.132 to near 0.130. This move ended the earlier sideways pattern. What was once support is now acting as resistance. This change often makes it harder for price to recover in the short term.
On shorter time views Dogecoin is now trading below nearby average price levels. Momentum points lower and there are no clear signs that the selling is slowing. Each small bounce toward 0.132 has been met with new selling. This shows that sellers are still in control and buyers are cautious.
During the day Dogecoin traded between about 0.134 at the top and near 0.130 at the bottom. Volume was much higher than normal during the drop. The early rise failed and later selling pushed the price below 0.129 before it settled slightly higher near 0.130. Even though the price stopped falling it has not yet moved back above the old support area.
Traders should now watch a few key levels. The area between 0.132 and 0.134 is now a barrier above price. On the downside the level near 0.129 is important. If price stays below it for a long time more weakness could follow. If Dogecoin quickly moves back above 0.129 and 0.130 with strong volume it could reduce the bearish pressure.
For now Dogecoin remains weak in structure. Sellers control the rebounds and buyers are not showing strong confidence. The market needs time or stronger demand to change this picture.
