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DOGE Bulls Face Critical Test at $0.13 Support Amid Market Retreat

DOGE Bulls Face Critical Test at $0.13 Support Amid Market Retreat

Author:
DOGE News
Published:
2025-12-24 01:41:44
12
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[TRADE_PLUGIN]DOGEUSDT,DOGEUSDT[/TRADE_PLUGIN]

As of December 24, 2025, Dogecoin (DOGE) finds itself at a pivotal technical juncture, with its recent rally stalling and the cryptocurrency now testing a crucial support level. The broader crypto market's retreat has placed renewed pressure on the popular meme coin, casting doubt on the immediate bullish momentum. DOGE is currently struggling to hold above the $0.13 mark, a level that has emerged as a key battleground between buyers and sellers. This support zone is critical; a decisive break below could signal a deeper correction, while a successful defense could pave the way for a renewed attempt at higher prices. The immediate technical landscape shows DOGE facing significant resistance in the $0.133 to $0.135 range. This price band has repeatedly acted as a ceiling, capping upward movements and forcing the price into a consolidation phase. The failure to sustain momentum above this zone highlights the persistent selling pressure and lack of strong bullish conviction at current levels. Market participants are closely watching the price action around $0.13, as a breakdown could trigger stop-loss orders and lead to accelerated selling. Analyzing the momentum indicators, the Moving Average Convergence Divergence (MACD) is showing a tentative bullish crossover near the zero line. However, this signal appears weak and suggests that any downward momentum is slowing rather than reversing into a strong uptrend. This indecisive signal from the MACD reflects the overall uncertainty in the market. The broader souring sentiment across cryptocurrencies is a significant headwind for DOGE, which often exhibits high beta to general market moves. Its status as a meme coin makes it particularly susceptible to shifts in retail investor sentiment and risk appetite. For the bulls to regain control, they must not only defend the $0.13 support but also generate enough buying volume to push through the $0.135 resistance convincingly. The coming sessions will be crucial in determining whether this is a healthy pullback within a larger uptrend or the beginning of a more significant decline. Traders are advised to monitor volume patterns and broader market cues, as DOGE's fate is currently tied to the overall health of the crypto sector. The outcome of this test will likely set the tone for DOGE's price trajectory in the final week of 2025.

Dogecoin Tests Key Support as Crypto Markets Retreat

Dogecoin's rally stalls at critical resistance, with bears testing the $0.13 support level. The meme cryptocurrency faces renewed pressure as broader market sentiment sours, leaving traders questioning whether bulls can mount a defense.

Technical indicators show DOGE struggling below the $0.133–0.135 zone, a region that has repeatedly capped upward moves. The MACD's tentative bullish crossover NEAR zero suggests weakening downward momentum—yet without decisive buying interest, the risk of a slide toward $0.125 remains.

Market observers note the irony: a token born from internet humor now moves markets. 'When Doge sneezes, the meme coin sector catches cold,' remarks a Singapore-based trader, watching Bitcoin's pullback amplify pressure on altcoins.

Dogecoin Forecast for Dec 23: Bearish Momentum Persists, Analyst Says DOGE Revisiting $0.12

Dogecoin faces continued bearish momentum, with analyst Trader Tardigrade predicting a potential decline. The meme coin has struggled to maintain upward traction, trading between $0.1303 and $0.1349 amid broader market uncertainty.

Technical indicators suggest a retest of the $0.12 support level may be imminent. Market participants remain cautious as selling pressure outweighs speculative buying interest in the short term.

Dogecoin Shows Bullish Reversal Signals with $0.16 Target in Sight

Dogecoin (DOGE) is exhibiting early signs of a potential trend reversal as multiple bullish chart patterns emerge. A well-defined inverse head and shoulders formation on the daily chart suggests accumulation near the $0.1250-$0.1320 range, with a neckline resistance at $0.1350. A decisive break above this level could validate the pattern and propel DOGE toward $0.15-$0.16.

The diamond continuation pattern further supports a bullish resolution after recent consolidation. Market structure shows fading selling pressure, with liquidity sweeps below $0.13 indicating potential seller exhaustion. Volume expansion during the pattern's right shoulder adds credibility to the breakout scenario.

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