Dogecoin Tests Key Support as Sellers Dominate; $0.17 Level in Focus
12/11/2025
Dogecoin extended its recent slide on Tuesday, breaking below the critical $0.1720 threshold on heavy trading volume as bearish momentum swept through the U.S. session. The move placed the memecoin at a key technical juncture, testing the resilience of long-term support levels.
Market Overview
DOGE fell 5.5% from $0.1831 to $0.1730, extending its two-day decline as selling pressure intensified during European hours. The price action confirmed a clear lower-high, lower-low structure, underscoring a near-term bearish continuation pattern.
Heavy liquidation at the $0.1789 resistance zone triggered a cascade of stops, driving the token through multiple support layers before stabilizing near $0.1719. The range narrowed to $0.0121 as intraday volatility eased toward the close.
Price Structure and Volume
Market structure shows weakening momentum and eroding support strength. DOGE’s repeated failure to reclaim the $0.1789 zone reinforces bearish control, while compression around $0.1730 reflects indecision among short-term traders.
The $0.1719 level has emerged as a fragile base after several retests. Volume cooled from earlier spikes, signaling potential seller fatigue — though the absence of sustained buying keeps the risk of another leg down firmly in play.
Technical Outlook
With no clear macro or fundamental catalysts, Dogecoin’s latest move remains technically driven. The breakdown below short-term moving averages confirms a continuation of the downtrend that began in early November.
RSI readings near 38 suggest mildly oversold conditions, yet not enough to indicate full capitulation. According to market analyst Kevin (@Kev_Capital_TA), the weekly 200-EMA around $0.16 represents Dogecoin’s critical structural support — a level that has held across six prior tests since midyear.
What Traders Should Watch
Traders are closely monitoring the $0.17 handle for signs of stabilization. Institutional order-flow data points to methodical de-risking rather than panic selling, which could leave room for a short-term rebound if volume continues to taper.
A breakdown below the $0.1720–$0.1719 support cluster would likely expose the $0.1650–$0.1600 zone, aligning with the 200-week EMA and defining the final layer of structural support before a deeper correction.
