Dogecoin drops 4% as traders sell rallies and support gives way

2026-01-16 06:35:37

Source: CryptoNewsNet Original Title: Dogecoin drops 4% as traders sell rallies and support gives way Original Link: Dogecoin slid 3.5% to $0.139 as sellers forced a break below the $0.14 level, with rising volume confirming that downside pressure — not quiet consolidation — drove the move.

The drop comes as risk appetite across meme coins cools after an uneven start to the year, with traders increasingly quick to sell rallies in the absence of fresh catalysts. While broader crypto markets held relatively steady, Dogecoin underperformed as liquidity thinned and positioning skewed defensive.

The move also followed renewed discussion in crypto media around bullish chart patterns on longer-term DOGE charts, including inverse head-and-shoulders setups. But in the near term, those narratives failed to translate into sustained demand, leaving price action exposed once key technical levels gave way.

DOGE-4,04%

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