DOGEUSDT Market Overview: DOGE Faces Pressure Amid Volatility Expansion

Summary
• Price formed bearish engulfing patterns after hitting key resistance at 0.13938.
• RSI indicates moderate bearish momentum, with a reading of ~45, not yet overbought or oversold.
• Volatility expanded as Bollinger Bands widened, with price closing near the midline.
• Volume surged during the 02:00–04:00 ET timeframe, coinciding with a sharp downward leg.
• Fibonacci 61.8% support level at 0.1378–0.1380 held temporarily, but pressure remains below.

At 12:00 ET on 2025-12-14, Dogecoin/Tether (DOGEUSDT) opened at 0.13945, peaked at 0.13953, and closed at 0.13679. The 24-hour low was 0.13494. Total volume was 119,806,422 DOGE, with a notional turnover of approximately $16,130,000.

Price action reflected a breakdown after forming bearish engulfing candles near key resistance at 0.13938. Bollinger Bands widened during the afternoon and early evening ET, signaling rising volatility.

RSI remained neutral around 45, but the MACD showed bearish divergence with a negative crossover.

On the 5-minute chart, the 20-period MA crossed below the 50-period MA during the 02:00–04:00 ET drop, suggesting short-term bearish bias. Volume surged during that same period, reinforcing the downward move.

Fibonacci retracement levels highlighted 0.1378–0.1380 as critical support. Price tested this level multiple times before continuing lower, suggesting potential follow-through selling.

Price may test 0.135–0.136 next, with a risk of further bearish follow-through if volume remains high. Investors should watch for a potential bounce off 0.1362, but volatility remains elevated.