DOGE Drops Below $0.19 as Bearish Momentum Builds
Dogecoin (DOGE) declined 4.3% over the past 24 hours, falling from an intraday high of $0.196 to $0.189, as the token failed to reclaim the $0.19 threshold. The breakdown below $0.194—a key support-turned-resistance level—was accompanied by above-average trading volume, particularly between 11:00 and 14:00 UTC.
Intraday volatility reached 5.1%, with DOGE establishing a lower support band around $0.187. A modest recovery attempt around 02:00 UTC yielded only a 0.18% gain before sellers reasserted control.
Technicals now point to:
- Descending triangle pattern
- Immediate resistance: $0.194–$0.196
- Support zone: $0.187–$0.188
- Momentum trend: Weak with no clear bullish divergence
On-chain data shows an uptick in large DOGE transfers to exchanges, suggesting potential distribution by whales. Broader market risk-off sentiment and rotation out of meme tokens continue to weigh on DOGE’s short-term outlook.
Unless buyers step in with conviction above $0.19, DOGE may remain trapped in a narrow range or test lower support levels near $0.182.
