Dogecoin (DOGE) appears to have found a short-term floor around $0.12 after slipping to that level on Dec. 23, where it has largely consolidated amid a broader market slowdown. Price snapshot and recent performance - CoinGecko shows DOGE down 3% in 24 hours, 6.3% over the past week, 4.8% on the 14-day chart and 17.5% over the last month. Since December 2024 the token has plunged about 61.2%. - DOGE last traded below $0.12 in October 2024; a decisive break under $0.12 could see sellers push the price toward $0.10. What’s driving DOGE now - Dogecoin is tracking Bitcoin’s momentum: general market weakness and lower risk appetite are keeping memecoins subdued. - Macroeconomic pressures — chiefly elevated interest rates and a risk-off environment — have pulled investors away from high-risk assets like memecoins, amplifying DOGE’s downside risk. What could change the picture - DOGE would likely benefit from a shift toward easier monetary policy and renewed risk-on flows. While the odds of an interest-rate cut in early 2026 remain low, political developments — including President Trump’s stated intent to replace Fed Chair Jerome Powell — could accelerate rate easing expectations, which in turn might boost demand for speculative assets and offer relief for DOGE. - That said, the market remains fragile, and memecoins typically lag during uncertain periods, so any meaningful rebound is not guaranteed in the near term. Analysts’ outlook - CoinCodex projects DOGE to trade in roughly the $0.11–$0.12 range through late January, then climb to about $0.15 on Jan. 23, 2026. The platform expects that level won’t hold, forecasting a correction back to $0.12 by mid-February 2026. Bottom line Dogecoin is consolidating at $0.12 for now, but its next meaningful move will likely hinge on broader market sentiment and monetary-policy developments. A clear break below $0.12 would increase downside risk toward $0.10, while any shift toward easier rates could spark a short-lived memecoin rally. Read more AI-generated news on: undefined/news

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