DOGE sinks to near $0.123 after breaking support, weighed down by year‑end selling

Dogecoin Dips to $0.1226 as Key Support Breaks

Dogecoin (DOGE) fell 3% to $0.1226, slipping below the $0.1248 support level amid year-end selling. Volume spiked roughly 157% above the 24-hour average, confirming the move was driven by active selling rather than thin liquidity. The token remains near the lower end of its December downtrend.

Technical Snapshot
The breakdown pushed DOGE into the $0.122–$0.123 demand zone. About 857 million DOGE traded during the decline, with rebounds toward $0.1270 repeatedly capped. DOGE remains in a descending channel, and RSI near 37 indicates oversold conditions, though oversold readings alone have not reversed the trend.

Market Context
Whales distributed roughly 150 million DOGE over the past five days, capping rallies. Open interest in DOGE futures rose above $1.5 billion, signaling continued exposure despite weakening spot momentum and elevated year-end volatility