DOGE Price Falls to $0.138 as Crypto Market Weakness Intensifies

Dogecoin fell below the $0.14 threshold overnight, sliding to around $0.138 as selling pressure intensified across the broader cryptocurrency market. According to short-term price data, increased volatility and weakening sentiment weighed heavily on high-beta assets, with DOGE failing to hold a widely watched support level.

Market Performance Overview

Price Action and Technical Breakdown

Dogecoin dropped sharply after buyers failed to defend the $0.14 level. On the 45-minute chart, price action shows a clean break below support, followed by a move toward lower consolidation levels.

Before the breakdown, DOGE had already been signaling weakness. Multiple intraday rallies stalled near local highs, forming a pattern of lower highs that hinted at declining bullish momentum. Once $0.14 gave way, sellers stepped in aggressively, reflected by a noticeable surge in red volume bars.

Market observers noted that selling pressure briefly intensified after the breakdown before price action cooled and entered consolidation.

Volume and Market Sentiment

Following the initial sell-off, Dogecoin stabilized in a narrow trading range around $0.138. While price found temporary footing, the chart suggests hesitation rather than renewed confidence. Buying interest appeared muted, aligning with broader crypto market struggles and declining risk appetite.

Why This Move Matters

Dogecoin is highly sensitive to changes in market sentiment and liquidity conditions. Breakdowns below well-defined technical levels—such as $0.14—often act as catalysts for further volatility, not only in DOGE but across the meme-coin segment.

Because Dogecoin frequently acts as a sentiment barometer for speculative crypto assets, sustained weakness may contribute to additional pressure on other high-volatility tokens if broader conditions fail to stabilize.

Sources: KrissPax