Dogecoin dropped around 3% to $0.1226, breaking the important $0.1248 support as year-end selling pressure increased. Volume jumped sharply, showing this wasn’t a low-liquidity move — real sellers were active.
Whales have offloaded nearly 150 million DOGE in the last 5 days, keeping every bounce capped. At the same time, futures open interest is back above $1.5B, meaning leverage is still high even though spot price structure looks weak — a setup that usually brings volatility.
Technically, DOGE remains stuck in a descending channel with lower highs. RSI near 37 shows mild oversold conditions, but that alone hasn’t been enough to trigger a reversal.
Key Levels to Watch
Support: $0.1226 → if this breaks, next stop is around $0.118
Resistance: $0.1248 then $0.1270
If price quickly reclaims $0.1248, a short-term bounce toward $0.1270 is possible. Otherwise, sellers stay in control and downside pressure may continue.
