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21/01/26 12:37 UTC-04

Dogecoin Memecoin Price Falls Below $0.126, Triggering a New Bearish Trend

In recent days, Dogecoin (DOGE) has dropped below the clearly defined levels of $0.1258–$0.1260.

This situation points to a decisive shift in market structure after the support level was broken. Aggressive sellers stepped in, pushing the memecoin’s price down to the $0.12 level, followed by a minor rebound.

Sellers are suppressing every attempt at a short-term recovery in DOGE, reinforcing the idea that former support has now turned into resistance.

Currently, the price is fluctuating around $0.124–$0.125, and this area is acting as the first line of defense for bulls. If the price holds at $0.124, traders may expect short-term stabilization or base formation. However, any rebound will face immediate resistance in the $0.126–$0.127 zone, where the initial breakdown occurred.

If the $0.124 level fails to hold, there is a risk of further decline toward the $0.123–$0.122 range. As a result, DOGE remains technically vulnerable at this stage. The short-term trend is downward, and bears will remain in control until the $0.126 level is convincingly reclaimed or a stronger base forms at lower levels.

See also: "Bitcoin price today: stuck near $90,000 amid Greenland tensions"

#Dogecoin (DOGE) #Bearish Trading

Editor: Yulia Krasnaya
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