In a turn of events as predictable as a politician keeping a promise, Dogecoin has once again descended into the financial equivalent of a Victorian melodrama-weeping below $0.1220, clinging to $0.120 like a drunk to a lamppost, and threatening to embarrass everyone who still believes in its “to the moon” delusion.
- DOGE began its latest tragic romance with the abyss from the dizzying heights of $0.1275-because, naturally, success was unsustainable.
- The coin now languishes beneath the cold, unforgiving gaze of the $0.1225 level and the 100-hourly simple moving average, which, I remind you, is not a spa treatment but a harbinger of doom.
- A once-promising bullish trend line-drawn with optimism and naivety-broke at $0.1245, proving once again that hope is not an investment strategy.
- There remains a slim chance of redemption-if DOGE can muster the dignity to stay above $0.1200. But let’s be honest, it’s looking rather shabby.
Dogecoin Price Trims Gains (Again)
After briefly flirting with dignity near $0.1275, Dogecoin once again remembered its heritage and resumed its customary posture: downward. Like a poorly trained dog, it failed to sit, stay, or respect key levels, plunging beneath $0.1250 and $0.1245 with all the grace of a falling chandelier at a society ball.
It even breached the 50% Fib retracement level-because nothing says “technical analysis matters” like watching it ignored in real time. And yes, the bullish trend line on the hourly chart? Snapped. Like a dry twig under the heel of market apathy.
At present, DOGE trades beneath both the $0.1225 level and the 100-hourly SMA-a double humiliation. The nearest resistance now lies at $0.1235, a figure so unimpressive it might as well be a bus fare. Should bulls miraculously rally, they might dream of $0.1250-or, if intoxicated, $0.1275.
A close above $0.1275 could, in theory, send the price toward $0.1350-marking the start of a bullish adventure that may lead to $0.1380, and ultimately, the fool’s paradise of $0.1420. But let us not forget: this is Dogecoin, a currency born as a joke that refuses to stop telling it.
More Losses In DOGE? (Spoiler: Yes)
Should DOGE prove incapable of clearing $0.1250-entirely likely, given its track record-then the descent shall continue. The first support rests at $0.120, a level as emotionally significant as a final farewell. Beneath that, $0.1192 looms, followed by the impenetrable fortress of $0.1150.
Should that fall? Heaven help us, the coin may slither toward $0.1080-or worse, $0.1050. Yes, the same price range where dreams go to be quietly strangled in their sleep.
Technical Indicators
Hourly MACD – Now gaining momentum in the bearish zone, like a well-dressed pessimist at a funeral.
Hourly RSI – Currently below 50, which in financial terms means “mildly depressed and contemplating early retirement.”
Major Support Levels – $0.1200 (the floor) and $0.1150 (the basement).
Major Resistance Levels – $0.1250 (a polite request) and $0.1275 (a desperate plea).
In conclusion, Dogecoin remains the court jester of cryptocurrency-forever tumbling between absurd highs and tragic lows, reminding us that in the market, as in life, nothing is serious, but everything is ridiculous.
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2026-01-29 08:11