Dogecoin (CRYPTO: DOGE) is down over 4% on Monday, with the chart signaling drawback danger towards the $0.08 location instead of a near-term bottom.
Sag Stays Intact As Rallies Keep Stopping Working
DOGE Trading Tips (Source: TradingView)
Dogecoin stays locked below a distinct coming down trendline that has actually topped every bounce considering that October.
Each healing effort has actually stalled at a lower level than the last, signifying consistent drawback momentum.
Supertrend stays turned bearish, while SAR dots remain placed above cost.
That positioning generally indicates restorative bounces instead of the start of a turnaround.
$ 0.13 Assistance Under Pressure
The $0.13 level is the most essential location on the chart.
Cost is sitting straight on this assistance, and intraday action has actually currently pressed listed below it.
A verified daily close below $0.13 would open drawback towards the next significant need zone near $0.08.
That level lines up with previous build-up previously in the year and represents the next location where purchasers might try to support cost.
As long as DOGE stays listed below $0.15–$ 0.16, drawback danger remains active.
DOGE would require a tidy day-to-day close above $0.18 to start reducing the effects of the more comprehensive bearish structure.
Streams And Derivatives Signal Continuous Circulation
DOGE Netflows (Source: Coinglass)
Approximately $15 million has actually left DOGE on Dec. 15, near the $0.13 area, showing steady circulation rather of build-up.
DOGE Derivative Analysis (Source: Coinglass)
Open interest continues to decrease even as trading volume gets, recommending traders are closing positions instead of constructing fresh bullish direct exposure.
Liquidations stay focused in long positions, while shorts have actually seen minimal pressure.
Lower Timeframe Breakdown Speeds Up Danger
DOGE Cost Analysis (Source: TradingView)
On the 2-hour chart, DOGE has actually broken listed below short-term coming down assistance and stopped working to recover it.
Bollinger Bands are broadening to the drawback, signifying increasing momentum towards drawback instead of stabilization.
DOGE has actually likewise slipped listed below all significant short-term EMAs, with the $0.135–$ 0.143 zone now functioning as overhead resistance rather of assistance.
More comprehensive meme and altcoin belief stays under pressure, with Shiba Inu (CRYPTO: SHIB) down over 3%, Bitcoin (CRYPTO: BTC) lower by more than 2%, and Cardano (CRYPTO: ADA) moving around 3.5%, strengthening a risk-off background that continues to weigh on Dogecoin’s structure.
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