DOGE Briefly Breaks Support — Is This a Shakeout or a Warning Sign of Deeper Losses?

Dogecoin’s attempt at recovery remains vulnerable, with the price still struggling to break above the important $0.1362–$0.1386 resistance band. A decisive move through this zone is required to regain bullish momentum, especially after the memecoin briefly lost the $0.1350 support on unusually heavy selling before snapping back sharply.

DOGE’s decline began with a slide from $0.1387 to $0.1358 as market-wide weakness intensified selling pressure. The breakdown triggered an explosive increase in activity, with volume spiking to 854 million, nearly 180% above the daily average, pushing the price down to an intraday low of $0.1322. Buyers eventually stepped in at these levels, reversing the downturn late in the session.

Complicating the picture, whale participation dropped to a two-month low, shifting near-term price action away from large holder behavior and more toward technical signals. DOGE’s correlation with other risk assets also strengthened, amplifying the early-session decline as the broader market moved in sync.

The drop below $0.1350 marked a meaningful technical break, completing a short-term bearish reversal after weeks of consolidation above an ascending trendline. The move displayed classic distribution traits: a sharp volume burst, wide candle expansion, and thin initial bids — collectively placing DOGE in a weaker structural position beneath its former support.

Still, the rebound from $0.1322 reshaped the intraday setup. DOGE quickly recovered lost ground and retested the broken support area, hinting at the possibility of a developing double-bottom pattern. Mid-timeframe momentum indicators flashed bullish divergences, while buying footprints appeared between $0.1327 and $0.1350, suggesting that institutional or strategic swing traders absorbed the selloff.

Even with this recovery, the market remains fragile. DOGE continues to trade below the layered $0.1362–$0.1386 resistance zone, and without a confirmed close above it, the overall structure stays tilted bearish despite the bounce.

During the session, DOGE moved within a $0.0065 range, falling from $0.1387 before cascading toward $0.1322 on the 854M volume spike. A sharp late-session rebound lifted DOGE 2.7% from $0.1327 to $0.1362, where a second surge in activity — 4.17M units at 02:11 — occurred during the retest of broken support. Momentum stalled there, leaving DOGE consolidating near $0.1358 with overhead resistance restricting further upside attempts.