Key TakeawaysDogecoin price fell nearly 4.2% in the past 24 hours, underperforming the broader crypto marketLiquidation pressure wiped out over $2 million in leveraged long positionsMarket-wide pullback followed Bitcoin’s rejection near $94,000Liquidation Pressure Accelerates DeclineDOGE’s drop was intensified by a liquidation cascade, with data showing more than $2.05 million in long positions wiped out within a single hour.The sell-off followed Bitcoin’s failure to break above $94,000, a rejection that dragged altcoins lower.As leverage was flushed out, Dogecoin fell from around $0.1485 to $0.1398, erasing a significant portion of its recent weekly gains.The extreme hourly liquidation imbalance, exceeding 23,000%, highlights how quickly downside momentum accelerated once key levels broke.Broader Market Pullback Weighs on DOGEThe wider crypto market declined roughly 2%, driven by ETF outflows and miner-related selling.Bitcoin ETFs saw withdrawals of approximately $730 million, while declining risk appetite reduced speculative demand for high-beta assets like memecoins.Dogecoin’s 24-hour trading volume dropped more than 25% to $1.66 billion, signaling fading retail participation.At the same time, the Fear & Greed Index cooled to 43 (Neutral), reinforcing a more defensive market stance ahead of upcoming U.S. macro data.Technical Resistance Triggers Profit-TakingFrom a technical perspective, DOGE failed to sustain a breakout above $0.16, a key resistance level aligned with the 23.6% Fibonacci retracement and a psychological ceiling since late 2025.Momentum indicators weakened following the rejection, with short-term averages clustering near current price levels while longer-term averages remain higher, reflecting overhead supply.The loss of momentum prompted traders to lock in profits after the recent rally.Key levels to watch:Support: $0.135 (near-term), with downside risk extending toward $0.11 if brokenResistance: $0.16, followed by the $0.18–$0.19 zoneOutlook: Stabilization or Further Weakness?Despite near-term pressure, on-chain data shows whale accumulation of roughly 220 million DOGE earlier in the week, suggesting potential mid-term support.However, immediate price direction remains closely tied to Bitcoin’s next move and broader market sentiment.If DOGE can hold above $0.135, consolidation may follow. A decisive breakdown below this level could delay any recovery attempt.
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