5 Dogecoin (DOGE) Technical Indicators Drop to $0.120 – What This Means for the Crypto Market!

Jakarta, Pintu News – Global macro-economic conditions, such as economic data uncertainty and interest rate speculation, have contributed to worsening investors’ risk appetite for theseecoins. Data from various market sources confirm that these macro pressures are driving a sell-off in various crypto assets, including DOGE.

1. Dogecoin (DOGE) Price Breaks Key Support

Recent data shows that Dogecoin has started a new decline after dropping below the important support level around $0.1250. According to technical analysis from NewsBTC, the price of DOGE was even recorded near the $0.1198 level, showing strong bearish momentum. This drop shows that selling pressure is still dominant in the cryptocurrency market, especially on memecoin which is currently trading below important moving averages.

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2. Technical Trend Still Bearish on Short Time Frames

The short-term chart structure shows that Dogecoin (DOGE) is still in a consistent downtrend. Technical indicators such as MACD show continued downward momentum, while the price is still below the 100-hour moving average. Market analysts note that if DOGE fails to return above the resistance at $0.1300, the risk of further decline remains great.

3. Decline in Retail Interest and Whale Sales

According to the latest on-chain data, retail investor interest in Dogecoin (DOGE) has decreased significantly. Analysis shows that short positions in DOGE derivative contracts increased, reflecting the market’s prediction of continued price declines. In addition, the volume of DOGE held by large addresses decreased compared to the beginning of the month, indicating distribution action by whales that suppressed the price.

4. Selling Pressure Weakens Psychological Support

DOGE’s drop below psychological levels such as $0.130 and the potential to drop towards $0.10 indicates deeper market pressure. Recent market data indicates that the supply of memecoins that are in profit positions is also decreasing, which could amplify selling pressure if the negative sentiment continues. This indicates that investors are becoming more cautious and the next potential downside needs to be watched technically.

5. External Factors Exacerbate Dogecoin (DOGE) Price Pressure

The Dogecoin (DOGE) price drop was also influenced by broader crypto market conditions, including the decline in Bitcoin value which had a negative psychological impact on high-risk assets like DOGE.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

FAQ

Why did Dogecoin (DOGE) drop below $0.130?
Dogecoin (DOGE) dropped below $0.130 due to strong selling pressure and declining retail investor interest, supported by bearish technical momentum on the short-term chart.

What does the $0.120 level mean for Dogecoin (DOGE)?
The $0.120 level is an important support as it represents an area where the price of DOGE consoles after a decline, and failing to maintain this level could signal a continuation of the downtrend.

Is there any indication of a short-term rebound?
A short-term rebound could occur if DOGE manages to break the resistance at $0.1300, but the current technical signals still indicate the dominance of the bearish trend.

How do whale positions affect the Dogecoin (DOGE) price?
Distribution by whales reduces the supply held by large investors, amplifying selling pressure and pushing the DOGE price lower.

What are the next levels if Dogecoin fails to hold at $0.120?
If DOGE fails to hold at $0.120, the next support level to monitor is around $0.115 and a potential psychological lower around $0.10.

Reference:

• Aayush Jindal/NewsBTC. Dogecoin (DOGE) Sinks Further Into Red as Momentum Turns Sharply Bearish. Accessed December 19, 2025.