- DOGE trading at ~$0.138, down 5.77% in 24 hours with $1.8B volume.
- Tony targets $0.129 as key dip level for long scalps or positions.
- Chart shows recent breakdown from $0.14, with $0.129 as potential support.
Dogecoin (DOGE), the Shiba Inu-inspired meme coin that’s outlasted countless crypto fads, is facing familiar turbulence as it trades at approximately $0.138 on December 11, 2025. Down 5.77% in the last 24 hours with a robust $1.81 billion in trading volume, DOGE’s latest pullback has traders like Crypto Tony (@CryptoTony__) sharpening their focus on lower supports for entry points.
In a fresh X update, Tony shared a chart illustrating DOGE’s recent breakdown from the $0.14 resistance zone, marked by a red arrow signaling bearish momentum. “Waiting on dips to 0.129c before looking for long scalps or positions,” he posted, highlighting a strategic patience amid the downside. This level, around $0.129, aligns with prior swing lows and could serve as a confluence of technical support, including Fibonacci retracements and volume profile clusters from earlier in the month.
The context is telling: DOGE has shed over 5.6% in the past week, underperforming the broader crypto market’s milder 1% dip. Yet, its #9 ranking by market cap at $23 billion underscores enduring appeal, fueled by community memes, Elon Musk’s occasional tweets, and whispers of a Bitwise DOGE ETF debut. On-chain metrics reveal mixed signals—exchange inflows are up slightly, but whale accumulation persists, suggesting smart money is positioning for a snapback.
Tony’s approach echoes a classic meme coin playbook: Avoid chasing tops, wait for fear-driven dips, then scalp quick reversals or build longer positions. If $0.129 holds, bulls could eye a reclaim of $0.14, targeting $0.15–$0.16 amid holiday-season hype. A breach lower might test $0.12, but historical patterns show DOGE’s uncanny resilience, often bouncing 20-30% from such zones.
For retail traders, this setup is a reminder of DOGE’s high-beta nature—tied to Bitcoin’s moves but amplified by sentiment. Pair Tony’s insight with RSI (currently oversold at 35) and funding rates to time entries. In crypto’s wild west, where 99% falter per Tony’s bio, discipline trumps FOMO. As 2025 projections flirt with $1 targets, these dips could be the on-ramp to meme-fueled gains. Stay vigilant; Dogecoin never disappoints the patient.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
