🐶 DOGE Approaches Make-or-Break Zone as Bitcoin Weakness Pressures Majors

Dogecoin dropped 5.5% to $0.1730, breaking below key support after heavy sell volume. The move confirms a short-term lower-high, lower-low structure as sellers dominated during the U.S. session.

Key Levels to Watch

$0.1720–$0.1719: Current fragile support zone

$0.1789: Failed reclaim → confirms near-term bearish bias

$0.1650–$0.1600: Next major downside target (weekly 200-EMA)

Market Structure

Momentum remains weak as DOGE trades below short-term MAs

Hourly RSI ~38 suggests mildly oversold, but no capitulation

Volume tapering indicates possible seller exhaustion — but buyers not yet stepping in

Outlook

The big question: Can DOGE defend $0.17?

If this level breaks, analysts highlight the $0.16 weekly 200-EMA as the structural “line in the sand” for long-term trend continuation.