Dogecoin Sees Mild Price Correction Today — Is Selling Pressure on DOGE Easing?

Jakarta, Pintu News – The price of Dogecoin (DIGE) surged 12% at the end of last week, recording one of the strongest gains among major meme coins. The token rose from around $0.10 to $0.14 after bouncing off crucial price levels.

This increase comes after DOGE had touched a low near $0.10 at the end of 2025. The price movement indicates a breakout from the downward trend line that has been forming since October. At that time, Dogecoin was trading at around $0.24 before experiencing a gradual decline until the end of the year.

So, how is the Dogecoin price moving today?

Dogecoin price drops 0.24% within 24 hours

On January 6, 2026, Dogecoin experienced a slight price correction of 0.24% over the past 24 hours, trading at $0.1515, or approximately IDR 2,546. During the same period, DOGE fluctuated within a range of IDR 2,451 to IDR 2,570.

At the time of writing, Dogecoin’s market capitalization is around IDR 427.07 trillion, with a 24-hour trading volume of approximately IDR 33.68 trillion.

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Dogecoin’s Bearish Pressure Begins to Weaken

According to CoinCentral, the DOGE technical indicator signaled a change in momentum direction. The MACD histogram shows negative red bars starting to shrink from -0.02000 towards zero.

At the same time, the positive green bars started growing from zero to around +0.01000. This pattern indicates that buying pressure is building up.

Trader Tardigrade highlighted the change in the histogram via social media. This shift indicates a potential weakening of bearish pressure. After the breakout occurred, the Dogecoin price managed to stabilize above the $0.12 level.

The Cumulative Value Days Destroyed (CVDD) channel shows that Dogecoin is interacting with lower multiple levels, such as x1.618 and x1.5. The price bounced off the first blue CVDD level around $0.10.

Alphractal CEO, Joao Wedson, stated that Dogecoin has entered its most important accumulation zone. The CVDD channel is used to track the movement of old capital in the market. The lower CVDD zone has historically been a strong support area for DOGE.

Market Activity and Liquidation

Liquidation data from Coinglass shows major activity in the last 24 hours. The zone between $0.138 to $0.141 recorded $4.71 million in liquidations. Most of the liquidations occurred within the $0.140 to $0.147 price range.

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Price volatility increased during this period. Sharp declines corresponded with a surge in liquidations, suggesting a pattern of successive selling as over-leveraged positions were forced to liquidate.

At lower price levels, around $0.135, liquidation activity was lighter. During the volatile period, the price moved between a high of $0.145 and a low of $0.138.

Price Targets and Trading Levels

Analysts forecast various scenarios depending on the strength of momentum. If the uptrend continues, DOGE is projected to reach $0.20. Some analysts even see potential towards $0.26 to $0.28 if trading volumes support the rise.

The MACD line crossing could be the trigger for a rally towards $0.20. However, if the price fails to hold at the current level, there is a possibility of a drop to $0.08. Meanwhile, the highest CVDD multiple at x11 is around $0.50.

If theliquidity traps are reduced, the price has a chance to rise to $0.15. Conversely, continued selling pressure could push the price down to $0.134. Market participants are still divided on the direction of the price movement in the near future.

Currently, Dogecoin has recorded a gain of over 15% in the last seven days. The token is trading at around $0.1415, up more than 2% in the last 24 hours, and has recorded a gain of 24% since the beginning of 2026.

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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 have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CoinCentral. Dogecoin (DOGE) Price: 12% Surge Signals Potential Breakout From Key Accumulation Zone. Accessed on January 6, 2025