Dogecoin plunged by 4% per day

Dogecoin DOGE $0.14 Binance-Peg Dogecoin -4.04% Market capitalization $0.35 billion VOL. 24 hours $0.15 billion dropped sharply by 3.5% to $ 0.139, breaking through the key support level of $ 0.14. Trading volumes for the leading meme token confirmed that the drop was caused by active selling rather than quiet consolidation.

The decline occurred amid a cooling of interest in meme assets after a volatile start to the year. Traders are increasingly quicker to book profits on growth, lacking new drivers. While the broader crypto market remained relatively stable, Dogecoin showed weakness due to decreased liquidity and a more cautious stance of participants.

During the day, DOGE dropped from $ 0.1439 to $ 0.1394, finally breaking through the $ 0.1420 support. The key moment occurred on January 15 at 16:00, when the trading volume increased to 1.01 billion tokens, 108% above the average, which confirmed the control of sellers. The price formed a clear downward structure with successive lower highs and lows.

Short bounces failed to hold the level of $ 0.1402, and a new wave of sales brought the quotes down to $ 0.1393. Analysts note that this was not a «range day,» but rather a support failure. Until DOGE reclaims $ 0.1420, any market upside is likely to remain a selling opportunity.

Key levels to watch: holding $ 0.1390-$ 0.1400 may temporarily slow the decline, but will not change the trend; a break below $ 0.1390 will open the way to $ 0.1350; to regain momentum, the bulls need to regain $ 0.1420 and $ 0.1450. Dogecoin is currently trading as a market in the active distribution phase, which is confirmed by high sales volumes.