Dogecoin fell below $ 0.13

Dogecoin DOGE $0.13 Binance-Peg Dogecoin -1.73% Market capitalization $0.33 billion VOL. 24 hours $59.74 million dropped below $ 0.13 as a sharp rise in derivatives market activity coincided with large-scale selling on the spot market. This suggests that traders are preparing for increased volatility rather than a quick price recovery.

According to BitMEX, the volume of trading in Dogecoin futures increased by 53,000% to $ 260 million, which demonstrates a sharp increase in bets on future price fluctuations. At the same time, there was an active sell-off in the spot market that broke the psychological support level of $ 0.13, leaving Dogecoin and other meme coins under pressure, while the broader crypto market remained volatile.

Traders often use meme coins as an indicator of market sentiment, which makes Dogecoin sensitive to changes in liquidity and positions of major players. Such tokens tend to move sharply, especially after breaking through round support levels like $ 0.13.

Technical analysis shows that DOGE dropped below $ 0.1300 after intensifying sales during the US trading session. The key breakthrough occurred around 16:00 on December 23, when the trading volume reached 639 million tokens, which is 101% above the average level. After that, buyers who had previously held support withdrew, and the $ 0.13 level turned into resistance. On the short-term charts, the price is forming a downward channel, holding below the moving averages, which limits the potential for a rebound.

Over the past 24 hours, DOGE has dropped by 2.3% from $ 0.1323 to $ 0.1292, while the daily range has widened to $ 0.0047 (≈3.6%), indicating an increase in volatility. If the market can regain and hold the $ 0.13 level, a short-term correction to $ 0.1320 is possible. In case of failure, the next demand zone is expected to be around $ 0.1285-$ 0.1280, where buyers may try to stabilize the price again.

The sharp increase in futures trading volumes indicates that market participants are preparing for new price spikes in the coming days. This can lead to both quick rebounds and deeper falls if the price breaks through $ 0.1290 and liquidity begins to decrease.