Dogecoin traders face make-or-break test at $0.12–$0.14

Dogecoin’s slide into a long descending channel has put $0.12–$0.14 support in focus, with analysts warning a clean break lower could turn controlled drift into a sharp flush.

Dogecoin’s (DOGE) latest drawdown has pushed the original meme coin back into the danger zone, with technicians warning that one more slip inside its grinding downtrend could turn controlled weakness into an outright flush.​

Analyst flags channel risk in DOGE

In a recent TradingView update, crypto analyst KrissPax said Dogecoin “remains weak and could extend its already intense downtrend if its price fails to recover,” after months of trading inside a broad descending channel.

He traces the pattern back to October 10, 2025, when DOGE “recorded one of its largest single‑day price crashes, falling from above $0.26 to below $0.10 before quickly recovering,” a shock that has defined its current structure.​

Since then, every push toward the upper band has met supply, keeping “selling pressure intact and prevent[ing] the DOGE price from building sustained upward momentum.”

Without “a solid bullish catalyst to drive the price upward,” KrissPax cautions that “the meme coin could experience another price crash” if support inside the channel gives way.​

The level that “has to hold”

On higher time frames, the analyst highlights a fragile base “forming around $0.12–$0.14,” roughly along the mid‑line of the channel.

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In his view, “a clear break below the lower trendline of the channel would confirm the continuation of Dogecoin’s prolonged downtrend,” while only “a breakout above the upper trendline of the descending channel with volume confirmation could invalidate DOGE’s bearish structure and signal a potential trend change.”​

Spot data show Dogecoin trading near $0.114, down a little over 3% in the last 24 hours, with market cap slipping to about $16.6b and volumes around $2.0b on the day, according to CoinMarketCap.

​That move comes just as broader markets digest a fresh wave of forced deleveraging, after a crypto‑wide liquidation cascade wiped out roughly $1.7b of leveraged positions in under 24 hours.​

Macro tape and major coins

This parabolic move comes as digital assets continue to trade as the purest expression of macro risk appetite.

Bitcoin (BTC) is hovering around $82,197, with a 24‑hour high near $84,000 and a low just above $80,000, on roughly $81.6b in turnover.​

Ethereum (ETH) changes hands near $2,800, with a sharp January sell‑off leaving the token down roughly 6–7% over the past 24 hours.​
Dogecoin’s weakness slots into that risk‑off backdrop, as traders rotate out of high‑beta meme assets and into more liquid majors after the latest “crypto market crash wiped out $1.7 billion in leveraged bets.”​

For now, DOGE’s chart is less about blue‑sky targets and more about survival: if the current band fails, the structure starts to look less like a consolidation and more like the prelude to another “price crash” of the kind that has repeatedly blindsided late‑cycle meme‑coin buyers.