DOGE Slides Toward Major Demand Zone After Failing to Hold Mid-Range Levels
Introduction
Dogecoin continues to struggle for momentum, with price action pressing back into a deep demand region after several weeks of steady decline. The meme-token has been unable to maintain its mid-range support, falling toward levels that last triggered meaningful accumulation. The latest technical signals highlight a fragile market structure as traders prepare for possible volatility in the sessions ahead.
Market Structure Break Points to Growing Downside Pressure
On the daily chart, DOGE sits just above a critical $0.14–$0.16 demand block, a zone that previously marked the transition from bearish exhaustion to recovery. The newest pullback follows multiple breaks of structure, confirming that buyers have been losing control since the rejection from the clustered supply zones around $0.25–$0.29.
The chart also shows the aftermath of a failed breakout attempt in October, where DOGE briefly reclaimed mid-range liquidity before slipping back under key equal lows. A technical analyst explained, “The market reacted cleanly to supply and showed clear distribution. Once DOGE lost the $0.19 region, the down-leg became almost mechanical.”
BitXJournal market observer added, “There’s no panic selling here—just a consistent unwind. Price is gravitating toward the major liquidity pocket below, which is typical after multiple failed attempts to form a higher low.”
Macro Flows and Liquidity Thinning Add to Downward Drift
The broader altcoin market has been experiencing a slowdown, with capital rotating into more stable assets following recent volatility. This shift has reduced speculative momentum for tokens like DOGE, amplifying technical responses when support levels are tested.
BitXJournal Analysts highlight that underlined support zones attract liquidity hunts, especially when market participation declines. For DOGE, this dynamic increases the likelihood of deeper sweeps before establishing a stronger base.
Key Technical Levels to Watch
Immediate support lies within the $0.14–$0.16 zone, which aligns with a higher-timeframe demand area that previously triggered major trend reversals. A decisive breakdown would open downside risk toward the $0.09–$0.10 liquidity pool, where a strong low remains unchallenged.
On the upside, DOGE must reclaim $0.19 to signal early signs of structural recovery. A broader reversal would require clearing $0.22–$0.25, a region reinforced by unmitigated supply.
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.