Memecoin breaks through the critical $0.15 floor on exceptional volume, establishing new support near $0.138 as bears tighten control on major time frames.
News background
• Crypto markets remain mired in extreme fear, with Bitcoin falling below $85,000.
• Total market capitalization loses $120 billion in 24 hours as risk-off sentiment deepens
• Meme coin sector experiencing extensive deleveraging; Liquidity is reduced on the main stock exchanges.
• Whale hoarding activity slows sharply after two weeks of massive buying
• Analysts point to forced liquidations in altcoins as macroeconomic flows weaken
Price Action Summary
• DOGE crashes 11.2% from $0.1578 → $0.1401, breaking multiple layers of support
• Total volume rises to 2.52 billion, a whopping 263% above the 24-hour SMA.
• The breakout begins at 07:00 UTC, rejecting the resistance at $0.1595 and entering a controlled decline
• The capitulation event occurs between 07:33 and 07:36, with a turnover of more than 500 million due to price differences of $0.144 → $0.138
• Stabilization attempts emerge near $0.140, forming a tentative structural floor
• The session structure shows consecutive lower highs and lower lows, confirming the trend deterioration.
Technical analysis
Dogecoin chart suffered decisive structural damagedriven by a cascade of technical rather than fundamental failures. The initial rejection at $0.1595 established clear bearish momentum, which intensified as liquidity tightened on meme coin order books.
The cascade from $0.144 to $0.138 revealed algorithmic or institutional selling programs executing in rapid succession. These minute-by-minute gaps created technical gaps, indicating displaced liquidity that typically requires future replenishment before sustainable recoveries occur.
The acceleration in volume (2.52 billion in total, with 500 million during the crisis window) confirms that the movement was driven by large-scale distribution rather than retail panic. Stabilization around $0.140 suggests initial exhaustion of selling pressure, but the structural trend remains decidedly bearish given the intact pattern of lower highs and lower lows.
Momentum indicators are now showing deeply oversold readings, but without confirming divergences. DOGE is trading below its 50D and 200D moving averages, both now sloping downward, a classic sign of continued trend weakness.
What traders should keep in mind
Dogecoin is in a high-risk inflection zone where volatility and liquidity conditions can change rapidly:
• $0.138 is the line in the sand: failure invites a quick push to $0.135, then $0.128
• Stabilization at $0.140 must become sustained demand to avoid a deeper structural collapse.
• Watch for attempts to fill in the $0.144 gap zone – recovering this level would indicate early recovery attempts
• Broader crypto sentiment remains fragile; Further Bitcoin weakness will disproportionately impact DOGE
• Lack of fresh whale accumulation after decline prompts short-term caution
• If DOGE ETF news reappears, expect volatility, but not necessarily directional relief
