DOGE -11.34% in 7 Days Amid Fragile Technical Setup

On DEC 2 2025, DOGE dropped by 0.1% within 24 hours to reach $0.13561, DOGE dropped by 11.34% within 7 days, dropped by 7.31% within 1 month, and dropped by 57.17% within 1 year.

Technical Weakness Intensifies as DOGE Tests Support

Dogecoin’s price action has turned increasingly fragile amid a breakdown in key technical levels. The coin briefly pierced the $0.1350 support level, a critical area that had held for weeks, amid a spike in sell-side volume. This move signaled renewed distribution pressures as sellers overwhelmed buyers during a period of broader market weakness.

Volume during the breakdown exceeded 854 million, nearly 180% above its average daily volume, reinforcing the strength of the bearish impulse. Price briefly dipped to an intraday low of $0.1322 before a late-session rebound pushed DOGE back into the $0.1350 zone. While this bounce suggests short-term buyer interest, the damage to bullish momentum remains evident.

Whale Activity Wanes, Technicals Take Center Stage

Whale activity has dwindled to two-month lows, shifting the near-term direction of DOGE toward technical drivers rather than large-scale on-chain moves. With fewer large players stepping in to absorb selloffs or fuel buying waves, the market has become more susceptible to algorithmic and retail-driven flows.

This dynamic is reflected in the current price structure, where DOGE remains capped by a resistance zone between $0.1362 and $0.1386. A sustained break above this range is necessary to confirm a shift in momentum. However, any failure to reclaim this area risks further consolidation or a deeper pullback.

Market Sentiment and Structure Remain Fragile

The technical breakdown below $0.1350 marked a significant bearish signal, completing a short-term reversal after weeks of consolidation. The move exhibited classic signs of distribution: a sharp price drop, expanded candle bodies, and limited initial buying pressure. These factors point to a weakening structural position for the asset.

The partial recovery since the intraday low shows signs of a potential double-bottom forming, with some accumulation observed in the $0.1327–$0.1350 range. Momentum indicators on mid-timeframes have shown early bullish divergence, suggesting a possible near-term bottoming process. However, these signals remain unconfirmed and require more time to validate.

Japan’s Domestic DOGE Initiative Unrelated to Cryptocurrency

Separately, the Japanese government launched its own Department of Government Efficiency (DOGE) initiative to review and reform inefficient tax policies and subsidies. While the acronym mirrors the cryptocurrency, it is unrelated to Dogecoin. The initiative aims to eliminate outdated tax incentives and redirect resources toward more impactful programs, with Finance Minister Katayama emphasizing the need for public feedback to shape policy decisions.

This move is part of a broader fiscal strategy to address revenue shortfalls, particularly as potential tax cuts threaten to drain around 1.5 trillion yen annually from government revenue. The reform office, established in November 2025, will evaluate corporate tax breaks and other subsidies to determine their actual impact on growth and competitiveness.

Final Outlook: Critical Levels in Focus

DOGE now finds itself in a structurally weak position, with layered resistance above $0.1362 and a breakdown level below $0.1350 that has yet to be retested decisively. A failure to reclaim these levels could lead to further downward pressure, while a confirmed break above the $0.1362–$0.1386 resistance zone might trigger a reevaluation of the broader bullish case.

Analysts project that the coming sessions will be critical in determining the direction of the asset, with accumulation depth and volume behavior offering key insights into whether the recent selloff marks the beginning of a deeper correction or a temporary volatility spike.