Dogecoin has dropped by 6.32% in the past 24 hours, currently priced at $0.1379. Notably, its daily trading range falls from $0.1468 to $0.1388. Despite this lack of movement in the short term, its 24-hour trading volume stands at $1.71 billion, and a market cap of $21.09 billion.
DOGE price chart, Source: CoinMarketCap
Looking at its performance over the past week, Dogecoin has been in a clear downtrend, falling from around $0.1503 to approximately $0.138, which represents an estimated 8% decline. Selling pressure remained dominant throughout the week, with brief attempts at recovery failing to shift momentum. The overall movement shows weakening buyer strength, leaving Dogecoin trading near lower levels as bearish sentiment continues to guide market direction.
Dogecoin Consolidates Between Key Levels
Dogecoin’s 4-hour chart still carries a bearish-to-neutral tone. The broader trend had been drifting downward, but that selling pressure has eased, leaving the price moving sideways around $0.138. This area is acting as a soft equilibrium point where neither side is dominating. The chart shows support forming near $0.135–$0.136, where recent pullbacks have stabilized, while resistance sits around $0.140–$0.142, the zone where buyers repeatedly lose momentum.
DOGE 4-hour price chart, Source: TradingView
The Chaikin Money Flow (CMF) hovers around –0.04, stuck near the neutral line, meaning there isn’t a meaningful inflow or outflow of capital. The relative strength index (RSI) is currently at 39.82, indicating that the sellers are dominating the market.
Dogecoin Breaks Bearishly Below Its H4 Symmetrical Triangle
Meanwhile, an hourly chart shared on X, by analyst Trader Tardigrade, shows Dogecoin has broken down from its 4-hour symmetrical triangle, indicating that bullish momentum has weakened after repeatedly failing to break the upper resistance near $0.150–$0.152. The price slipped below the ascending lower trendline, confirming a bearish breakout and showing that sellers have taken control of the short-term structure. With DOGE now trading around the $0.140 region after the breakdown, the pattern signals a shift away from consolidation and toward downward pressure.
Source: X
According to the 4-hour reading, the next important zone to watch is the support area around $0.138–$0.140, marked as the likely reaction point on the chart. A firm close below this level could extend the decline toward $0.135, while any sharp recovery back above the broken trendline would be needed to invalidate the bearish move. For now, the 4-hour analysis from Trader Tardigrade emphasizes that the triangle break is leaning bearish and that DOGE must hold its lower support to avoid a deeper pullback.
Source: https://coinpaper.com/13036/dogecoin-breaks-key-pattern-as-analysts-warn-of-deeper-plunge-to-0-135
