Dogecoin's Critical Support Level Under Fire as Sellers Regroup

Dogecoin (DOGE) is currently testing its critical support level around $0.13 after breaking below a significant trendline in November.

The meme coin's price has been volatile, down 58% year-over-year and 20% over the past month, with trading volume remaining elevated at $1.99 billion over 24 hours.

Despite the prolonged downtrend, technical analysts have identified early stabilization signals, including a potential reversal in selling pressure and buyers defending key price levels.

Analyst Crypto Tony has highlighted the $0.128-$0.130 zone as a critical inflection area, where reclaiming it is essential for bulls to attempt a recovery toward $0.135 and potentially $0.140.