Dogecoin fell slightly during Sunday’s session after failing to hold near-term support, with high volume suggesting sellers are regaining control as the price drifts towards the lower end of its recent range.
Market Overview
DOGE fell approximately 1.8% over the past 24 hours, dropping from an intraday high near $0.1341 to around $0.1323. The move follows a failed recovery attempt above $0.135, where selling pressure re-emerged and limited upside momentum.
Business activity recovered significantly during the decline. Volume reached around 721 million tokens around the session peak, around 150% above the 24-hour average, indicating active repositioning rather than a thin, low-liquidity price movement.
Technical analysis
The key technical development was DOGE’s loss of support near $0.1320, a level that had held during several previous pullbacks. Once this area was ceded, the price drifted towards session lows with limited further buying.
On intraday charts, DOGE also slipped below the lower boundary of a short-term ascending channel, confirming a move away from the modest recovery structure that had formed late last week. The rejection near $0.1352 established a lower high, reinforcing the short-term bearish bias.
Price Action Summary
- DOGE failed to sustain gains above $0.135, meeting selling interest at resistance
- The volume increased sharply during the release, pointing towards distribution
- Price fell below $0.1320, a level that had served as short-term support
- End of session trading stabilized near $0.1323, but without a strong rebound.
Overall, price action reflects controlled selling rather than panic, although momentum remains skewed downward.
What traders should watch out for
With $0.1320 now acting as overhead resistance, attention shifts to whether DOGE can stabilize above the next demand zone near $0.1280 to $0.1290. This area aligns with prior consolidation and could attract declining buying interest if selling pressure eases.
On the upside, DOGE should recover $0.1320 and then $0.1350 to neutralize the current bearish structure. Until then, rallies will likely face supply from traders looking to exit their positions in force.
For now, DOGE remains in a fragile technical position, with price action suggesting a downward consolidation trend rather than a confirmed reversal.
