Dogecoin Plunges, Breaks Key Support
Update: 2025-12-22
Description
Dogecoin experienced a dip of 0.3% over the past day, falling from $13.09 to $13.05, and broke below a key support level near $12.90, indicating significant selling pressure. Traders are cautious as the breakdown has turned the former support into resistance, leaving Dogecoin below its short-term moving averages. Momentum indicators point down, and rebounds are being sold off, dampening buyer confidence. The price action has remained between $13.40 and $13.00, with volume surging past recent averages during the drop. Sellers currently hold the edge, with resistance at $13.20-$13.40 and $12.90 below. Elevated volume without upside may signal further downside, but a strong push above $13.00 could shift the outlook.
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