Dogecoin dropped 3.5% to $0.139, breaking below the crucial $0.14 support level amid increased selling pressure. The decline was marked by a surge in trading volume, indicating active selling rather than a low-liquidity drift. This move comes as traders show caution towards meme coins, with Dogecoin underperforming despite broader crypto market stability. The breakdown accelerated on January 15, with volume spiking to 1.01 billion tokens, 108% above the 24-hour average. The price action formed a bearish structure, with lower highs and rallies being sold into. The failure to hold above $0.1420 led to a quick slide, with limited buying interest emerging. Until Dogecoin reclaims the $0.1420 level, rallies are likely to be seen as selling opportunities.
Dogecoin Falls 3.5% as Key Support Level Breaks
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