Market pressure pushes Dogecoin below the $0.155 support, but signs of accumulation hint at a potential reversal if buyers defend the $0.150 zone.
Dogecoin’s market structure has weakened after the memecoin slipped from $0.160 to $0.149, marking a decisive break below the critical support at $0.155. The move confirms renewed selling pressure across major altcoins, yet underlying accumulation activity suggests the decline may be approaching exhaustion. Analysts say the coming days will determine whether DOGE forms a durable bottom or extends its downward trajectory.
DOGE Price Analysis: Market Tests Major Demand Zone
The latest price drop pushes Dogecoin directly into the deep liquidity zone around $0.150, a region where buyers have historically shown strong interest. The chart indicates repeated Breaks of Structure (BOS) and failed attempts to reclaim previous highs, highlighting a clear bearish trend since late October.
However, on-chain data is sending mixed signals. Whale wallets have increased holdings over the past week, and exchange inflows have shifted positive — both early signs of potential bottoming behavior.
BitXJournal independent analyst commented that “the combination of declining volatility and whale accumulation often signals an approaching reversal, provided a key level holds.”
Market experts agree that holding above $0.150 is essential. A close below this area could expose DOGE to deeper retracements toward $0.140, while a successful reclaim of $0.155 would mark the first sign of structural recovery.
ETF Speculation Adds Volatility
A major near-term catalyst remains the potential DOGE ETF review, which traders believe could spark fresh inflows. Although no outcome is guaranteed, the crypto derivatives market has already priced in elevated volatility.
BitXJournal derivatives strategist noted, “Even without confirmation, ETF speculation is influencing DOGE liquidity. Traders are positioning early, which can amplify both downside wicks and sharp relief rallies.”
Key Levels to Watch
- $0.155 — former support; now turning into resistance
- $0.150 — major demand zone and potential reversal point
- $0.140 — next support if selling pressure accelerates
The most important short-term signal will be DOGE’s ability to reclaim $0.155, which would indicate strengthening momentum and a possible shift back toward accumulation rather than distribution.
Dogecoin’s break below $0.155 highlights sustained market weakness, but growing whale activity and favorable exchange flows leave room for a near-term rebound. If buyers successfully defend $0.150, the memecoin may attempt its next recovery leg. Traders are advised to monitor ETF-related updates and reaction levels around $0.155, as these will shape DOGE’s direction heading into December.
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.