Dogecoin Price Slides as Sellers Break Key Support Levels Amid Crypto Weakness

Dogecoin (DOGE) experienced a sharp selloff as broader cryptocurrency markets weakened, with price action signaling heightened speculative activity rather than conviction buying. The meme token declined alongside major assets, acting as a high-beta proxy while ether dropped roughly 7% over the same period. Importantly, the move was not driven by Dogecoin-specific news, but by a broader risk-off shift that weighed heavily on speculative crypto assets.

Macro sentiment across financial markets remained fragile. While U.S. lawmakers narrowly passed a funding bill to end the government’s partial shutdown—removing one near-term uncertainty—the development did little to restore investor appetite for risk. As a result, cryptocurrencies, particularly high-volatility tokens like DOGE, remained under pressure.

From a price perspective, DOGE fell approximately 6.9%, sliding from around $0.1085 to $0.1030. The decline was marked by the failure of multiple support levels, reinforcing the bearish tone. A sharp spike in trading volume near $0.110 initially appeared to signal a breakout, but quickly turned into a failed move, triggering a fast reversal and accelerating selling pressure. That $0.110 zone has now flipped into a key resistance area.

Once DOGE broke below $0.106, selling intensified, confirming a distribution-led breakdown rather than a temporary liquidity sweep. In the final hour of trading, capitulation-style selling pushed prices toward the $0.103 area, where buyers finally emerged, helping stabilize price action near $0.103–$0.104. While this suggests short-term consolidation, the broader technical structure remains bearish.

One notable feature of the session was the divergence between futures and spot markets. Derivatives volume surged while spot trading activity declined, highlighting speculative positioning rather than fresh spot demand. This imbalance increases volatility and amplifies price swings, especially in high-beta assets like Dogecoin.

Looking ahead, traders are closely watching the $0.10 level as a critical psychological and technical support. If it holds, DOGE could enter a consolidation phase as liquidation pressure fades. However, bulls would need to reclaim $0.106 and eventually $0.110 to argue that the selloff has fully run its course. A decisive break below $0.10 could open downside risk toward $0.08, with momentum likely to accelerate given the recent failure of multiple support zones.