Dogecoin (DOGE) Trading Volume Drops 25% to $682 Million Amid Market Weakness
- Significant Volume Decline: Dogecoin's trading volume has decreased by 25% in the past 24 hours to $682 million, reflecting a broader weakness in the cryptocurrency market as trading activity hits a year-low in 2025.
- Diminished Market Sentiment: Bitcoin and major altcoins are experiencing their weakest two-week trading stretch since December 2024, with social indicators showing a steady decline in Bitcoin's social volume since mid-November, indicating weakened risk sentiment among market participants.
- Holiday Impact on Trading Activity: Reduced screen time during the holiday season has collectively drained liquidity across spot and derivatives markets, as traders pull back from active positions due to flat price action, further exacerbating market uncertainty.
- Future Trend Expectations: Dogecoin's tight trading range suggests an impending directional move, with a breakout above current levels targeting resistance at $0.146 and $0.195, while a breakdown could push the price toward support in the $0.09 range.
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Technical Analysis for DOGE
Technical Sentiment Analysis for Dogecoin (DOGE) As of , Dogecoin (DOGE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DOGE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, DOGE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Dogecoin (DOGE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0457 | 0.0629 | 0.0817 | 0.0988 | 0.118 | 0.135 | 0.153 |
| Fibonacci | 0.0629 | 0.0766 | 0.0851 | 0.0988 | 0.113 | 0.121 | 0.135 |
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