2025-12-27 07:25:43

Since the recent market correction, Dogecoin has struggled to stay above key support levels. Want a rebound? The market doesn't seem ready to give that opportunity yet.

Looking at the recent trend, the problems are indeed significant. On last Friday, amid overall market volatility, Dogecoin dropped another 4.2%, directly falling from around $0.126. It sounds like a small decline, but over a longer time frame, the situation looks less optimistic.

Since the peak in early October, DOGE has been cut in half by more than 50%. Over two months, several critical support levels have been consecutively broken. After falling below $0.135 two weeks ago, the price has been stuck tightly between $0.120 and $0.135, a dangerously narrow range. Multiple rebound attempts have all failed.

Technical signals are becoming increasingly unfriendly. Currently, only the last line of defense at $0.120 remains. If this level cannot hold, bigger problems may follow.

Some opinions directly compare the current situation to "catching a flying knife"—high risk. Certain market analysts are quite straightforward: the market is still in a downtrend, and the current correction structure is far from complete. There are no signs that Wave B has bottomed out yet. If the decline continues, a further 20% drop is not out of the question.

The potential target zones they suggest are a bit nerve-wracking: $0.096, and possibly even down to $0.08.

In other words, from the current price, the downside risk space remains quite substantial.

DOGE0,93%

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MechanicalMartel

· 10h ago

Dogecoin's breakouts have bored me for a long time. If it can't hold 0.12, it should drop to 0.08. Taking hits left and right, it's really incredible now. Is anyone still buying the dip? B wave isn't over, this is just ridiculous. Feels like 0.096 won't be broken. A 50% cut in half and then a rebound with a hammer—just keep lying down. Support levels are breaking one after another. This market is really no fun.

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FlashLoanPhantom

· 10h ago

Dogecoin this wave is really a bit tragic, continuously breaking support levels is outrageous, it feels like it's going to drop again. Getting hit with a flying knife, should I wait for 0.08 or just give up? It's the usual discussion about where the bottom is, so annoying. Support levels are collapsing one after another, this time it's really critical. A 50% drop, feels like Bitcoin is more stable. Every time there's a rebound, but it all ends in failure, truly hopeless. If 0.12 also breaks, I'll completely stay away from this coin.

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LightningSentry

· 10h ago

Dogecoin is really suffering this time; it can't even hold 0.12, how can we keep playing? Getting hit with a flying knife is truly intense. I'll wait for a bottom signal before acting. Another 50% cut. How long will it take to recover? B wave has no bottom? Then I better prepare for the nightmare of 0.08. Every rebound fails, my mindset is about to collapse.

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RugpullTherapist

· 11h ago

Doggy, this wave is really a bit tragic. If you can't even hold 0.12, you really should run away. Taking flying knives nonstop, how can there still be people daring to buy the dip? A 50% cut in half and still rebounding? The bottom is still far away. Wave B hasn't even bottomed out yet. Let's just lie flat, everyone. 0.08, right? Then I'll wait and see.

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