Dogecoin Teeters at Key Level Amid 5% Market-Wide Selloff Led by Bitcoin

Dogecoin Tests Critical Support as Sellers Push Price Toward $0.17

12/11/2025

Dogecoin slid sharply on Tuesday, breaking below a key technical level as selling pressure deepened across major crypto markets. The memecoin’s near-term fate now hinges on whether it can hold the $0.17 zone — a level that has repeatedly defined bullish resilience through 2025.

Market Overview

DOGE fell 5.5% from $0.1831 to $0.1730, marking its weakest close in over two weeks as traders unwound positions during the U.S. session. The decline unfolded across a $0.0121 intraday range, confirming a lower-high, lower-low pattern typical of a bearish continuation setup.

Intense selling emerged near $0.1789 resistance, triggering cascading sell orders that pushed the token through multiple support layers before stabilizing at $0.1719. While late-session buyers briefly lifted prices to $0.1730, momentum remained subdued.

Price and Volume Trends

Trading volume spiked during the breakdown, signaling strong participation from short-term sellers and possibly algorithmic strategies. However, volume later tapered as prices consolidated, suggesting that the most aggressive phase of selling may have passed — at least temporarily.

The $0.1719 zone, repeatedly tested throughout the day, now serves as a fragile base. Its defense will be crucial for determining whether a technical rebound is possible or whether further downside tests await.

Technical Picture

Dogecoin’s move remains purely technical, with no major news or macro catalysts driving the selloff. The breakdown below short-term moving averages reinforces the prevailing bearish bias that has persisted since early November.

Momentum indicators reflect subdued strength: RSI readings hover around 38, hinting at mild oversold conditions without confirming capitulation. Market analyst Kevin (@Kev_Capital_TA) identifies the weekly 200-EMA near $0.16 as Dogecoin’s critical “last line of defense,” a level that has held through multiple corrections this year.

Outlook and Key Levels

The $0.17 handle now marks the dividing line between short-term recovery and continued downside. Institutional flow data shows systematic de-risking rather than panic selling — a signal that larger players remain cautious but not yet capitulating.

If DOGE holds above $0.1720–$0.1719, a relief bounce toward $0.1789 is possible. A failure, however, could expose deeper support at $0.1650–$0.1600, aligning with long-term moving averages and defining the lower boundary of the current trading structure.

For now, Dogecoin’s outlook remains delicately balanced — one sustained push below $0.17 could determine whether this downturn remains a correction or becomes a trend reversal.