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Dogecoin ($DOGE) Faces Heavy Pressure as Market Sentiment Weakens Dogecoin has slipped back into the $0.16 zone — a price not seen since early October — marking a steep retracement of nearly 50% from its September highs. The decline underscores just how fragile market confidence has become across the broader crypto landscape, and $DOGE is feeling it more than most. Technically, the setup looks fragile. The token has broken below its key summer trendline, and a recent death cross — where the short-term moving average dips below the long-term one — confirms that bearish momentum remains dominant. Sellers are dictating the pace, and any attempt by bulls to regain control has been short-lived so far. The $0.15 region is now the line in the sand. If Dogecoin fails to hold that level, traders could see a deeper drawdown toward the $0.10 zone, a psychological and historical demand area where accumulation might resume. On the flip side, a recovery above $0.20 would be the first signal that buyers are back in the game — but as of now, that looks distant. On the sentiment front, the picture is equally subdued. The recently launched $DOGE ETF has attracted just around $30M in assets, with no fresh inflows since mid-October — a stark contrast to other crypto ETFs that have seen triple the demand. Meanwhile, futures open interest has dropped sharply, reflecting waning speculative appetite and a flight to caution amid market-wide liquidations. In short, Dogecoin’s current trajectory remains bearish. Unless $0.15 holds and the market finds new catalysts, the meme coin could be headed for another leg lower. For now, bulls will need both patience and conviction before the trend truly flips.

Dogecoin dives 17% as whales dump 1B $DOGE in 7 days, wiping out $5B in market cap. Support at $0.18 breaks, triggering cascade selling and $1.36B in derivative liquidations. Trading surges 90% as retail jumps in to catch the dip. $PEPE $XRP

Dogecoin ($DOGE) took another hit today, dropping back to the $0.16 region a level we haven’t seen since early October. It’s now sitting almost 50% below its September highs, and honestly, the move isn’t too surprising considering how shaky the entire crypto market has been lately. Right now, $DOGE is showing clear signs of weakness. It broke below a trendline that previously held strong through the summer, and the chart recently printed a death cross never a great look for bulls. That basically tells us sellers are still in control, and momentum hasn’t shifted back yet. The main level everyone’s watching is around $0.15. If price fails to hold that area, the market could easily open the door for a deeper pullback toward the $0.10 zone. That would be a big psychological level, and likely where some real interest might return. For bulls to even think about a turnaround, price needs to get back above $0.20 and stay there anything below that still feels like heavy waters. On the sentiment side, enthusiasm around $DOGE has cooled off a lot. Even the new $DOGE ETF hasn’t attracted much attention it only has around $30M in assets and hasn’t seen fresh inflows since mid-October. Compare that to other new crypto ETFs that pulled in over triple that amount, and the difference in demand speaks for itself. Open interest in $DOGE futures has also fallen off a cliff, going from booming levels earlier in the year to a much more muted environment now. Traders clearly aren’t willing to take big positions at the moment, especially with liquidations picking up across the market. All in all, $DOGE is still in a rough spot. There’s a chance for a bounce if we see buyers defend $0.15, but if that level breaks down, the next major area to watch is around $0.10. Bulls will need patience and a lot more momentum before things start turning around again.

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