DOGE Slides 2.71% Amid High Volume as Traders Defend Key $0.128 Support Zone

Dogecoin (DOGEUSDT) experienced a 2.71% decline in the past 24 hours, currently trading at $0.12688 according to Binance data. This price movement is attributed to technical factors, including a breakdown below a multi-year ascending trendline and ongoing selling pressure around recent rebound levels. Recent market volatility has been amplified by the inability to break resistance at $0.1345, bearish sentiment following the earlier rejection near $0.133–$0.135, and cautious trading activity amid broader crypto market fluctuations. Despite intermittent bullish signals such as a MACD crossover and increasing volume, traders remain focused on defending the $0.128–$0.13 support zone, while high trading volumes—exceeding $862 million—reflect active participation and uncertainty.