Dogecoin Slips Below Key Support as Sellers Tighten Grip Near $0.17
12/11/2025
Dogecoin extended losses on Tuesday, slipping below a major technical threshold as risk sentiment across crypto markets weakened.
The token fell 5.5% to $0.1730, down from $0.1831, after repeated failures to reclaim resistance near $0.1789 triggered accelerated selling. The decline formed a clear lower-high, lower-low pattern, confirming renewed bearish momentum.
Heavy Selling Meets Fragile Support
Sell orders clustered at $0.1789 resistance, setting off a cascade through short-term support zones before buyers stepped in around $0.1719. The level absorbed multiple intraday retests, establishing a fragile near-term base.
Trading volume surged during the breakdown, signaling aggressive participation from short-term sellers. However, volume later declined, indicating temporary exhaustion rather than capitulation.
Technical Picture
Dogecoin’s price structure remains technically driven, with no fundamental catalysts influencing Tuesday’s move. The memecoin continues to trade below its short-term moving averages, reinforcing the broader downtrend that has persisted since early November.
Momentum indicators show limited strength. The hourly RSI sits around 38, pointing to mild oversold conditions but no clear reversal signal. Market analyst Kevin (@Kev_Capital_TA) identified the weekly 200-EMA near $0.16 as the token’s “make-or-break” support — a level that has held multiple times since midyear.
Outlook
The $0.1720–$0.1719 support cluster remains Dogecoin’s immediate line of defense. Institutional order-flow data suggests controlled risk reduction rather than forced liquidations, leaving room for a short-term bounce if selling pressure continues to fade.
Failure to hold current levels could expose DOGE to deeper losses toward $0.1650–$0.1600, where the long-term 200-week EMA provides structural support. Reclaiming $0.1789 remains essential to reestablish bullish momentum.
For now, Dogecoin trades at a critical juncture: a sustained hold above $0.17 could spark a technical rebound, while another breakdown risks confirming a medium-term trend reversal.
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