Dogecoin breaks below $0.129 as sellers overwhelm range support
Dogecoin (DOGE) fell below key range support around $0.129 after a concentrated sell-off and above‑average trading volume confirmed a breakdown from recent consolidation. Over the latest 24‑hour sessions DOGE traded roughly between $0.134 and $0.128–$0.130, with intraday volatility near 4% and a brief failed rally to $0.134. A surge in selling around 02:00 UTC pushed price through the $0.1289 floor and flipped that level into near‑term resistance. Short‑term technicals are bearish: DOGE sits below immediate moving averages and momentum indicators lean down. Critical levels: overhead resistance at $0.132–$0.134 and downside support at $0.129 (with secondary support near $0.125). A sustained loss of $0.129 would open the path to further weakness, while reclaiming $0.129–$0.130 on rising volume would be needed to neutralize the bearish setup. Traders should watch volume normalization versus renewed downside spikes — the volume surge during the breakdown suggests active participation and keeps DOGE technically vulnerable in the short term.
Bearish
The combined reports show a confirmed technical breakdown: DOGE fell through a defined floor (~$0.1289–$0.129) on above‑average volume and now trades below short‑term moving averages with momentum indicators bearish. For short‑term traders this raises the probability of continued downside or consolidation at lower levels because the breakdown was accompanied by active selling rather than a thin‑liquidity drift. Key near‑term risk: sustained acceptance below $0.129 would expose support near $0.125 and likely attract further selling or stop‑runs. Conversely, a recovery above $0.129–$0.130 on rising volume would be required to neutralize the bearish setup, but that scenario currently lacks confirmation. Longer term, the move is less decisive unless follow‑through selling or a change in market sentiment occurs; if market liquidity and risk appetite improve, DOGE could recover. Given current technicals and volume profile, the immediate price impact is negative — thus a bearish classification for DOGE.