Dogecoin: Which Support Level Could Decide DOGE’s Next Major Move

After a sharp multi-day decline, Dogecoin (DOGE) is approaching a technical zone that may determine whether the sell-off stabilizes or accelerates further.

Recent price action shows DOGE sliding from the $0.12–$0.13 area toward the low-$0.09 range, with volatility picking up as buyers step back.

Price Slides, Volatility Spikes

The TradingView chart shows a clear sequence of lower highs and lower lows since late January. DOGE briefly bounced after a steep drop but failed to reclaim prior consolidation levels, leaving price hovering near ~$0.093 at the time of the snapshot. Volume expanded during the sell-off, suggesting distribution rather than quiet consolidation.

This structure keeps downside risk active unless DOGE can reclaim and hold above the $0.10–$0.105 zone, which previously acted as short-term support before breaking.

Why $0.074 Matters Most

According to on-chain data highlighted by Ali Martinez, the most important support level for Dogecoin sits at $0.074. The URPD (UTXO Realized Price Distribution) chart shows a heavy concentration of DOGE supply acquired around this level, making it a key cost-basis zone for holders.

Data sourced from Glassnode indicates that large volumes last changed hands near $0.074, increasing the probability of buyer defense if price revisits that area. Historically, such dense supply zones tend to act as strong supports, at least on first tests.

What to Watch Next

If DOGE continues to bleed lower, the $0.074 level becomes the critical downside reference. A clean hold there could open the door for stabilization or a relief bounce. However, a decisive breakdown below that zone would suggest that long-term holders are underwater, potentially exposing DOGE to deeper downside.

For now, the market’s focus is clear: $0.074 is the level that matters most for Dogecoin’s broader structure.

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