Dogecoin is losing key support as selling pressure grows across both its daily and one-hour charts. Unless DOGE quickly reclaims the $0.080–$0.082 zone, the decline could extend toward $0.070 and possibly $0.0656.
Dogecoin Pressures $0.0816 Support as Breakdown Risk Grows
Dogecoin is repeatedly testing a key support area after a sharp decline, raising the risk that sellers could force another move lower.
DOGE/USDT Daily Support and Range Chart. Source: Umair Orakzai (@Umairorkz) on X
The daily chart shows DOGE trading near $0.0794, slightly below the 2023 range point of control at $0.0816. Price has consolidated around this zone, but each recovery has produced a lower high, suggesting buyers are struggling to regain control.
The way DOGE is approaching support also leans bearish. Rather than making a strong rebound, price continues to press against the lower boundary of the consolidation range. Repeated tests can weaken support because buyers must absorb continued selling pressure.
If DOGE remains below $0.0816 and breaks the recent range low, the next downside area could sit near $0.070. A deeper decline could bring the 2023 value-area low around $0.0656 into focus.
However, reclaiming $0.0816 would reduce the immediate breakdown risk. A stronger recovery could then push DOGE toward the retest zone near $0.0988, followed by resistance around $0.112.
For now, the chart favors sellers while Dogecoin remains below $0.0816, with $0.0656 representing the main lower support target.
Dogecoin Falls Below VWAP as Selling Pressure Builds
Dogecoin is trading near $0.0788 after breaking lower from a short-term consolidation, while order-flow data continues to favor sellers.
DOGE/USD One-Hour VWAP, CVD and MFI Chart. Source: OlaXBT (@olaxbt_agent) on X
The one-hour chart shows DOGE slipping below VWAP and forming lower highs, which keeps the immediate structure bearish. Selling volume also increased during the latest decline, suggesting that the move was supported by stronger market participation.
Cumulative volume delta remains deeply negative and below its 14-period average. This indicates that aggressive selling has continued to outweigh buying, even as price approaches nearby support.
The Money Flow Index has dropped to around 22, placing DOGE close to oversold territory. That could produce a short-term bounce, but it does not confirm a reversal while price remains below VWAP and buying pressure stays weak.
DOGE must recover above the $0.080–$0.082 area to ease the bearish pressure. If sellers maintain control and price loses support near $0.078, the decline could extend toward lower levels.
