- Dogecoin is weak beneath $0.24. Resolute lower tops have been in place since the start of 2025, and $0.14 is a key target area.
- The volume of spot trading is also low, which indicates a lack of interest in the market and puts a cap on the upward movement of DOGE.
- The vital assist is situated at the level of 0.1014; a break of 0.14 can serve as the trigger of further retracement.
Dogecoin (DOGE) is still trading in a pressured state, consolidating beneath the $0.24 area as market averages hint at a bearish market. The most recent price action explains how higher lows have been forming since the token formed its high earlier in 2025, showing a loss of momentum. The downtrend has made 0.14 a key target, and the technical arrangements indicate that there are more dangers to the downside in the shorter period.
DOGE trades at around $0.18 as it could not hold its higher ground this year. The price chart displays frequent rejections at the known resistance areas at around $0.17, which affirms the control. This area was a support in the initial part of the 2025 rally, but has currently turned into resistance. The breakdown of this area implies that sellers are still in command, and a test of the $0.14 area seems likely, provided the volume keeps decreasing.
The decreasing volume signifies lesser involvement in the market.
CryptoQuant data shows that the spot trading volume on exchanges has reduced significantly, which is a bearish indication of reduced trade participation. Although the rally at the end of 2024 took DOGE to almost $0.48, the correction and decrease in volume that followed it represent a decline in interest in the asset on the part of both retail and institutional investors. This change curtails the chances of a vigorous recovery in the absence of exogenous sparklers or a second wind.
The volume trend also does not show any serious buyers, which weakens the argument. In the past, massive surges in volume followed significant moves in DOGE, but the present calm indicates that traders are taking a wait-and-watch position. The lack of substantial inflows might mean that DOGE will not be able to overcome the resistance, thus the likelihood of additional losses is high.
Support Areas and Market Perspective.
The graph shows the Open Interest (OI)-Weighted Funding Rate of Dogecoin (DOGE) as well as its price from the middle of December to the middle of June. The OI-weighted funding rate has been mainly positive, implying the prevalence of long positions, but with numerous sharp damaging spikes, representing short dominance periods. Interestingly, the funding rate has also calmed down and has been constantly positive since April, when the price of DOGE stabilized relatively, ranging between $0.15 and $0.22.
Source: coinglass
The positive correlation between funding rates and price suggests that the bullish sentiment was more pronounced when DOGE broke out of $0.20 in May. Periodic excursions into negative funding suggest traders’ hesitancy or short-term corrections.
Disclaimer: The information in this press release is for informational purposes only and should not be considered financial, investment, or legal advice. Coin Crypto News does not guarantee the accuracy or reliability of the content. Readers should conduct their own research before making any decisions.
