Just noticed DOGE getting hammered again. Price dropped about 7% and now sitting under $0.13, which is pretty rough considering it was hovering around $0.137 not long ago. The whole memecoin sector seems to be lagging while the broader market holds up better.

What's interesting is this wasn't some random dump. Looks like there was a whale transfer heading to an exchange that spooked traders, and when price kept failing to break above that $0.137-$0.138 zone, it triggered a cascade of liquidations. Volume spiked hard on the way down, which tells you it was forced selling rather than just people casually exiting.

Price bounced a bit and stabilized below $0.13, but honestly this still feels like post-flush stabilization rather than an actual bottom. The technical picture is messy - we're now trading under former support levels that have flipped to resistance. If $0.127 holds, maybe we see a slow grind higher and eventually retest $0.137. But if that support breaks, we could see another leg down toward $0.125.

The real question for traders is whether this move was just positioning unwinding or something more structural. If DOGE can reclaim and hold above $0.137, that would suggest the selloff was mostly technical. Otherwise, we might be stuck grinding sideways for a bit longer. Either way, risk/reward looks tight until we get some clarity on where the actual floor is.