$DOGE has recently dropped about 6.85% in the past 24 hours and is currently trading around $0.1385. The decline pushed the price below an important support level near $0.1520, breaking the multi-year rising trendline that had been supporting its long-term uptrend. Despite the pullback, some large holders have accumulated billions of DOGE during the sell-off, indicating that there is still underlying demand in the market.
At the moment, $DOGE is sitting close to an important support zone around $0.13 to $0.14. If this area holds, the price may stabilize and avoid deeper losses. However, for any meaningful bullish recovery, DOGE needs to climb back above $0.15 to $0.16 with stronger trading volume. If the broader crypto market remains weak and DOGE fails to bounce, there is a risk that the price could fall toward the $0.12 to $0.13 region.
In the short term, the price may continue to move sideways between $0.13 and $0.15 as the market waits for clearer direction. If overall sentiment improves and whale accumulation continues, DOGE could attempt a rebound toward $0.17 to $0.18.
Overall, DOGE is at a critical point. The technical structure has weakened, but the recent accumulation by major holders offers a chance for stabilization. As long as the support zone holds, a cautious rebound is still possible, but increased volatility should