Dogecoin (#DOGE ) has recently broken below its long-term support level, with prices touching around $0.13, having fallen approximately 66% over the past year. The trading volume has increased and volatility has risen, indicating a significant enhancement in selling pressure. Technically, DOGE has broken below the upward trend line and key moving averages it maintained for years, and a short-term rebound to the $0.132-$0.134 range may still encounter selling pressure. If it fails to hold above $0.128, bears may push the price further down to around $0.09.
Despite the new inflow of funds from the spot DOGE ETF and the community exploring layer two or sidechains to enhance utility, the long-term outlook remains unclear. As 2026 approaches, the market's focus is on whether Dogecoin can stabilize above key support levels and continue to attract demand.
