Dogecoin broke through the critical support level of $0.1350 with exceptional selling volume before making a rapid rebound, indicating a high volatility battle between distribution flows and opportunistic accumulation.
• DOGE fell from $0.1387 to $0.1358 as selling pressure intensified during widespread market weakness.
• Volume increased to 854 million, approximately 180% above its daily average, during the breakdown phase.
• Intraday lows reached $0.1322 before buyers stepped in, reversing the momentum late in the session.
• Whale activity fell to its lowest level in two months, shifting the short-term direction toward technical drivers rather than on-chain behavior.
• Market correlation increased as risk assets faced synchronized pressure, amplifying DOGE’s initial drop.
Breaking below $0.1350 marked a significant technical failure, completing a short-term bearish reversal after weeks of consolidation above uptrend support. The breakout played out with textbook distribution signatures: a big burst of volume, strong candle body expansion, and limited initial supply depth. This put DOGE in a structurally weaker stance as the price moved below the previous trendline support.
However, the subsequent rebound complicated the picture. DOGE quickly recovered from the low of $0.1322 and retested the lost support zone, forming early signs of a double bottom attempt. Momentum indicators in the intervening periods showed bullish divergence and accumulation traces appeared during the $0.1327 to $0.1350 band, implying that institutions or disciplined traders absorbed the sell-off.
The recovered intraday structure remains fragile. DOGE now sits below layered resistance between $0.1362 and $0.1386, a zone that must be broken to shift momentum decisively in favor of the bulls. Without a close above these levels, the broader structure remains bearish despite the recovery rebound.
DOGE traded within a range of $0.0065 throughout the session, sliding from $0.1387 to $0.1358 before collapsing towards $0.1322 on a massive volume surge of 854 million. The price action at the end of the session reversed sharply as DOGE jumped 2.7% from $0.1327 to $0.1362 following fresh purchases. Volume peaked again at 02:11 at 4.17 million units during the retest of broken support, but tracking stalled at $0.1362. The pair is now consolidating near $0.1358 with resistance putting pressure on any attempt at a sustained rebound.
• $0.1350 is now the central pivot: resistance unless it recovers with conviction
• A break above $0.1362–$0.1386 opens the way back towards $0.1400–$0.1420
• A retest and failure at $0.1322 likely indicates a continuation towards psychological support at $0.1300
• Volume spikes confirm institutional participation; Continuous high flows favor momentum trending rather than varying.
• The structure remains mixed: the bearish breakout is intact, but the recovery bounce prevents a clear continuation signal; the next move depends on a resolution of $0.1350
