DOGE Slides 0.04 Points as Market-Wide Correction Intensifies

The Numbers Behind the Move - Dogecoin declined to lows near $0.14 following a broader crypto market retreat - Over $2 million in leveraged positions faced liquidation within an hour - Bitcoin’s inability to sustain gains above $91,750 dragged memecoins into correction territory

When Leverage Unwinds: The Liquidation Story The pullback in Dogecoin wasn’t purely about sentiment—it was mechanics. Data revealed a liquidation wave that swept away $2.05 million in long bets during a single trading hour. The catalyst? Bitcoin’s failed attempt to push toward $94,000, which triggered a chain reaction across altcoins. DOGE tumbled from approximately $0.1485 down to $0.1398, erasing much of its weekly momentum in the process. What caught traders’ attention was the 23,000% hourly liquidation imbalance, underscoring just how quickly bearish pressure intensified once support cracked.

Macro Headwinds Hitting the Broader Market The cryptocurrency space saw roughly 2% losses across the board, fueled by a combination of ETF withdrawals totaling around $730 million and selling from mining operations. Risk appetite cooled noticeably, with speculative assets—especially high-volatility plays like Dogecoin—bearing the brunt of profit-taking. Trading activity reflected this shift: DOGE’s 24-hour volume contracted over 25%, settling near $1.66 billion, a sign that retail enthusiasm had dampened. Meanwhile, the Fear & Greed Index retreated to 43, signaling a more cautious market posture.

Technical Breakdown: What the Charts Reveal DOGE’s inability to hold above the $0.16 level—a confluence of the 23.6% Fibonacci retracement and a psychological threshold—marked a turning point. Momentum weakened post-rejection, with indicators flashing exhaustion after the preceding rally. Short-term moving averages clustered near current pricing, while longer-duration averages remained above, creating overhead resistance that discouraged buyers.

What Traders Should Monitor - Near-term Support: $0.135 remains critical; a break lower exposes risk toward $0.11 - Resistance Zones: $0.16 is the immediate ceiling, with $0.18–$0.19 as secondary targets

Whale Activity Offers a Counterpoint On-chain monitoring revealed whale-sized accumulation of approximately 220 million DOGE earlier in the trading week, hinting at institutional conviction despite near-term weakness. Recovery prospects hinge on whether Dogecoin can find footing above $0.135 and on Bitcoin’s directional bias. Stabilization is possible if support holds; however, further deterioration would extend the downside risk.