DOGE Bleeds Another 4% And The Worst May Be Yet To Come

Dogecoin (CRYPTO: DOGE) is down over 4% on Monday, with the chart signaling downside risk toward the $0.08 area rather than a near-term bottom.

Downtrend Remains Intact As Rallies Keep Failing

DOGE Trading Tips (Source: TradingView)

Dogecoin remains locked beneath a well-defined descending trendline that has capped every bounce since October.

Each recovery attempt has stalled at a lower level than the last, signaling persistent downside momentum.

Supertrend remains flipped bearish, while SAR dots stay positioned above price.

That alignment typically signals corrective bounces rather than the start of a reversal.

$0.13 Support Under Pressure

The $0.13 level is the most important area on the chart.

Price is sitting directly on this support, and intraday action has already pushed below it.

A confirmed daily close beneath $0.13 would open downside toward the next major demand zone near $0.08.

That level aligns with prior accumulation earlier in the year and represents the next area where buyers may attempt to stabilize price.

As long as DOGE remains below $0.15–$0.16, downside risk stays active.

DOGE would need a clean daily close above $0.18 to begin neutralizing the broader bearish structure.

Flows And Derivatives Signal Ongoing Distribution

DOGE Netflows (Source: Coinglass)

Roughly $15 million has exited DOGE on Dec.15, near the $0.13 region, indicating gradual distribution instead of accumulation.

DOGE Derivative Analysis (Source: Coinglass)

Open interest continues to decline even as trading volume picks up, suggesting traders are closing positions rather than building fresh bullish exposure.

Liquidations remain concentrated in long positions, while shorts have seen limited pressure.

Lower Timeframe Breakdown Accelerates Risk

DOGE Price Analysis (Source: TradingView)

On the 2-hour chart, DOGE has broken below short-term descending support and failed to reclaim it.

Bollinger Bands are expanding to the downside, signaling increasing momentum towards downside rather than stabilization.

DOGE has also slipped below all major short-term EMAs, with the $0.135–$0.143 zone now acting as overhead resistance instead of support.

Broader meme and altcoin sentiment remains under pressure, with Shiba Inu (CRYPTO: SHIB) down over 3%, Bitcoin (CRYPTO: BTC) lower by more than 2%, and Cardano (CRYPTO: ADA) sliding around 3.5%, reinforcing a risk-off backdrop that continues to weigh on Dogecoin's structure.