Dogecoin Falls Nearly 9%, Finds Relief at Key Support and Recovers Modestly

Dogecoin Leads Declines With 9% Drop as Risk Sentiment Worsens

Dogecoin (DOGE) posted the steepest decline among major cryptocurrencies on Monday, falling 9% amid mounting macroeconomic uncertainty and waning risk appetite. Despite the sharp drop, buyers defended a key technical support zone late in the session.

Market Backdrop

DOGE’s sell-off came as global investors shifted away from risk assets, responding to a mix of inflation concerns and central bank hesitations over rate cuts. Heightened geopolitical tensions and uncertain trade dynamics have also weighed on market sentiment, particularly for speculative tokens like DOGE.

The token spiked early to $0.248 but was quickly met with heavy resistance. U.S. trading hours saw intensified selling, with DOGE plunging below $0.230 before finding late-session support.

Key Price Action

Opening Price: $0.240
Intraday High: $0.248 (early session)
Selloff Window: Fell below $0.230 between 13:00–14:00 with 918M volume
Low Point: $0.223 before minor recovery to $0.226 by session end
Accumulation Zone: $0.223–$0.225, with notable volume spikes hinting at institutional interest

Technical Picture

Price Range: 10.39% spread between $0.248 and $0.223
Resistance: Firm rejection at $0.240–$0.241 range
Support: $0.223 tested twice and held with strong volume
Momentum: Bearish bias remains, though declining sell-side volume suggests a possible floor
Short-Term Setup: 60-minute chart shows rebound potential forming

What’s Next for DOGE

A decisive break above $0.241 would improve short-term technicals and potentially attract fresh buyers
If $0.223 support fails, DOGE could retreat toward the $0.215–$0.218 range
Market participants are closely watching this week’s U.S. inflation data and Federal Reserve commentary for direction
Traders remain cautious, with low conviction in meme tokens amid broader volatility and macro pressure