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Dogecoin falls 5% to 12 cents as price breaks down below technical resistance
Source: CryptoNewsNet Original Title: Dogecoin falls 5% to 12 cents as price breaks down below technical resistance Original Link: https://cryptonews.net/news/analytics/32309834/ DOGE broke lower from its recent range and stayed heavy as long liquidations built. Any bounce is running into supply near the breakdown zone.
News Background
Dogecoin slid alongside broader crypto weakness, with memecoins again leading losses. The move wasn’t tied to a single new headline, but to positioning and liquidation pressure after DOGE failed to hold its consolidation floor.
Once price slipped below the $0.126 area, selling accelerated quickly, catching late longs offside and triggering forced exits across derivatives markets.
Technical Analysis
DOGE broke down from the $0.1258–$0.1260 base on elevated volume, confirming a bearish shift in short-term structure. The move extended toward $0.123, with sellers defending rebounds aggressively.