Dogecoin (DOGE) Price: Selling Pressure Builds After Failed Push Above $0.15

TLDR

• Dogecoin (DOGE) fell nearly 4% to $0.1426 as traders sold into rallies with elevated trading volume indicating distribution
• The decline happened while broader crypto markets held steadier, showing Dogecoin underperformed major cryptocurrencies
• Volume increased 48% above the seven-day average while DOGE lagged the broader CD5 crypto index by nearly 4%
• A failed rally attempt near $0.1511 triggered heavy selling pressure and accelerated downside momentum
• Late-session stabilization near $0.1424-$0.1426 showed exhaustion rather than a clear reversal pattern

Dogecoin dropped nearly 4% to $0.1426 during the January 15 trading session. The decline came as traders sold into strength rather than accumulating positions.

Trading volume rose 48% above the seven-day average. This elevated volume combined with price weakness typically signals distribution rather than accumulation.

The selling occurred while broader crypto markets remained relatively stable. Bitcoin and major altcoins traded in narrow ranges during the same period.

Dogecoin underperformed the broader CD5 crypto index by nearly 4%. This made it among the weakest large-cap performers during the session.

The decline started from $0.1484 and carved out a 5.8% intraday range. Price broke below the $0.1457 support zone that had held during recent consolidation.

Failed Rally Triggers Selling

The most aggressive selling emerged after a failed push toward $0.1511 earlier in the session. That rejection drew heavy supply from the market.

A volume spike of roughly 1.1 billion tokens marked the failure near resistance. This reinforced that sellers were active at higher price levels.

The failed rally triggered a sequence of lower highs. Downside momentum accelerated through U.S. trading hours.

Trading desks pointed to profit-taking after recent gains. They also noted a lack of fresh catalysts to sustain momentum.

Speculative appetite across meme coins shows early signs of fatigue. This follows a sharp start-of-year bounce in the sector.

Capital rotated unevenly across the crypto market. Meme tokens tend to act as high-beta expressions of risk.

Support Holds Near Current Levels

Late in the session, DOGE stabilized near $0.1424-$0.1426. Buying interest slowed the decline but failed to spark a meaningful rebound.

Price action into the close remained choppy. This suggested exhaustion rather than a clear reversal pattern.

Bulls remained active near the $0.1420 support level. A bullish trend line is forming with support at this level on the hourly chart.

Dogecoin is trading above the 100-hourly simple moving average. Immediate resistance on the upside sits near the $0.1450 level.

If DOGE holds the $0.1424-$0.1430 area, the market may grind sideways. A failure there opens the door toward $0.1400 and potentially $0.1350-$0.1380.

On the upside, rallies back toward $0.1457 and $0.1480 are likely to meet supply. The first major resistance for bulls sits near the $0.1450 level.

The next major resistance is near the $0.1510 level. A close above this level might send the price toward $0.1550.

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