What you need to know:
● Dogecoin fell by 1.8% as sellers took control again, and the price is sliding towards the lower end of its recent range.
● Trading volume rose to 721 million tokens, indicating active rebalancing rather than a minor price movement.
● DOGE lost support around $0.1320, confirming a bearish short-term sentiment as it failed to hold above $0.135.
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Dogecoin declined during the Sunday session after failing to hold short-term support, with high trading volume indicating a resumption of control by sellers as the price moves towards the lower boundary of its recent range.
Market overview
DOGE fell about 1.8% over the last 24 hours, decreasing from an intraday high of around $0.1341 to a level of around $0.1323. This movement followed an unsuccessful attempt to recover above $0.135, where selling pressure re-emerged, limiting upward momentum.
Trading activity significantly increased during the downturn. Volume surged to about 721 million tokens at the peak of the trading session, approximately 150% higher than the daily average, indicating active position redistribution rather than thin price movement with low liquidity.
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Technical analysis
A key technical event was DOGE breaking the support level around $0.1320, which had been held during several previous corrections. After that, the price headed towards session lows with limited buyer activity.
On intraday charts, DOGE also dropped below the lower boundary of the short-term ascending channel, confirming a retreat from the moderate recovery structure that formed late last week. The rejection around the $0.1352 mark established a lower high, reinforcing a bearish short-term sentiment.
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Price movement overview
● DOGE failed to maintain its rise above $0.135, facing selling at the resistance level
● Volume sharply increased during the rejection, indicating distribution
● The price dropped below the $0.1320 mark, which previously acted as short-term support
● Late trades stabilized around the $0.1323 mark, but without significant recovery
Overall, the price dynamics reflected controlled sales rather than panic, although the momentum remains inclined to decline.
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What traders should pay attention to
With the $0.1320 level now acting as resistance from above, attention shifts to whether DOGE can establish itself above the next support zone near $0.1280–$0.1290. This area coincides with the previous consolidation period and may attract buyer interest on pullbacks as selling pressure eases.
On the positive side, DOGE needs to reclaim the $0.1320 level, and then $0.1350, to neutralize the current bearish structure. Until then, rallies are likely to face selling pressure from traders looking to take profits on the rise.
Currently, DOGE maintains a fragile technical position, with price movement indicating consolidation followed by a decline, rather than a confirmed reversal.
