Altcoin shows weakness near $0.0018, testing key demand area
The price of Dog (DOG/USDT) recorded a fresh 4% drop, pushing the token back toward the critical support zone at $0.0018. This level has acted as a demand base multiple times over the past year, making it a focal point for both bulls and bears in the current market structure.
The chart reveals that DOG has been in a persistent downtrend since mid-2025, with lower highs forming a clear bearish structure. After struggling to sustain momentum above $0.0024, the token slipped once again, breaking through minor supports and retesting the green zone between $0.0017–$0.0019.
If the support area holds, traders anticipate a possible bounce toward the $0.0022–$0.0024 resistance band. However, failure to defend this level could expose the price to a deeper retracement, with targets near $0.0015.
“This is a decisive area. A breakdown below $0.0018 would confirm further downside risk, while a strong defense could create a base for a relief rally,” said BITX technical analyst.
Volume data indicates a mix of selling pressure and accumulation attempts, suggesting that while some investors are reducing exposure, others view the current range as a potential buying opportunity. Despite this, overall sentiment remains cautious.
According to BITX market strategists, “DOG is at an inflection point. Traders should watch for confirmation candles around this zone before taking fresh positions.”
DOG’s latest 4% decline underscores the importance of the $0.0018 support. A sustained rebound could ease selling pressure in the short term, but the broader trend remains weak unless the token breaks above higher resistance levels.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.