Dogecoin (DOGE) Price: Why Analysts Are Watching the $0.11 Support Level

TLDR

• Dogecoin is trading around $0.115, down 2-3% in 24 hours, with the price stuck in a descending channel pattern since October 2025.
• Crypto analyst KrissPax warns DOGE could extend its downtrend without a bullish catalyst to drive prices higher.
• The meme coin has failed to break above key resistance levels, with selling pressure keeping bulls from building momentum.
• Technical indicators show bearish trends across daily and four-hour charts, with price trading below falling moving averages.
• Support sits around $0.11-$0.113, while resistance is near $0.123, with analysts watching for a breakout above the descending channel.

Dogecoin is facing pressure as it trades around $0.115, down roughly 2-3% over the past 24 hours. The meme coin has been stuck in a prolonged downtrend since October 2025.

Crypto analyst KrissPax says Dogecoin could drop further if it fails to meet certain conditions. Without a strong bullish catalyst, the price may continue falling. The meme coin needs to recapture market interest to avoid another crash.

Dogecoin has been trapped in a descending channel pattern since October 10, 2025. That day marked one of the largest single-day crashes for the coin. DOGE fell from above $0.26 to below $0.10 before recovering quickly.

Since that drop, the price has stayed within the channel. The overall structure shows a bearish trend. Descending channels typically favor more downside unless a breakout happens.

Recent action shows consolidation near the lower to middle part of the channel. A base is forming around $0.12-$0.14. Breaking below the lower trendline would confirm the downtrend continues.

On the other hand, breaking above the upper trendline with volume could change the trend. This would invalidate the bearish structure and signal a potential reversal.

Technical Picture Shows Weakness

Most technical dashboards classify Dogecoin’s trend as bearish. On the daily chart, DOGE trades below a falling 50-day moving average. That average sits under a declining 200-day moving average.

The four-hour chart shows similar patterns. Price remains capped by descending moving averages. These have rejected attempts to build a sustained bounce.

Immediate resistance sits around $0.123, the recent intraday high. Secondary resistance is closer to the mid-$0.13s. On the downside, support clusters just above $0.11.

A daily close above the 50-day moving average would signal the bearish bias is fading. A break below recent lows would confirm the downtrend continues.

Market Data Reflects Weakness

Dogecoin’s market cap has declined by more than 3%. Daily trading volume is down over 2.5%. The data shows waning investor confidence.

The coin is underperforming Bitcoin and Ethereum on a relative basis. This extends a multi-week pattern where DOGE has lagged higher-beta major cryptocurrencies.

Current 24-hour volume sits around $2 billion. This indicates brisk but not euphoric trading conditions. Sentiment indicators show a “fear” reading with a bearish bias in technical gauges.

Limited Catalysts Weigh On Price

Recent news flow has been light on transformative developments. The absence of a strong new fundamental narrative is one reason DOGE has struggled.

There have been no widely reported regulatory shocks, ETF approvals, or large-scale network outages. Macro crypto drivers and flows into Bitcoin products are setting the tone.

Analysts say less visible progress on institutional adoption or payment integrations may be limiting demand. This leaves Dogecoin behaving as a high-beta, sentiment-sensitive asset.

Open interest in DOGE futures has cooled from prior peaks. Funding rates suggest a modest tilt toward short bias. Large-holder metrics show some distribution at higher levels over recent weeks.

Net flows to centralized exchanges have not shown a spike that would signal panic. The market appears to be in consolidation rather than capitulation. Trading volume around $2 billion suggests steady activity within the current price range.

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