Over the past 24 hours, Dogecoin has fallen by 1.7%, worse than the overall crypto market (-1.9%). Here are the main reasons:

1. **Regulatory news** – negative reports of cryptocurrency confiscations and fraud involving DOGE

2. **Technical decline** – price dropped below important support levels amid low trading volume

3. **Market sentiment** – strong fear (index 26) prevails and capital is reallocating towards Bitcoin
Regulatory pressure (negative factor)

Florida authorities confiscated crypto assets worth $1.5 million (including DOGE) linked to fraud on December 13. Additionally, director Carl Rinsch was found guilty of laundering DOGE obtained illegally using Netflix funds.

What does this mean: These events reinforce the perception of DOGE as a tool for illegal operations, although there is no direct link to the protocol. Retail investors often reduce their holdings in “meme” coins when regulatory scrutiny increases.

Key level: Watch the support zone of $0.132–$0.136 — a break below could trigger automatic sell-offs.

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Technical weakness (negative factor)

**Overview:** DOGE has fallen below the 7-day moving average ($0.1414) and is near the lower Bollinger Band. The Relative Strength Index (RSI-14) at 39.4 does not yet indicate overselling.

Traders consider the symmetrical triangle (highlighted in Wyckoff analysis), which in bearish markets usually resolves downward. Blockchain data show minimal buying activity below $0.14, increasing the risk of cascade liquidations.

**Key indicator:** Open interest in futures decreased by 6.5% to $780 billion — a sign of declining speculative interest.

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Macroeconomic sentiment (mixed effect)

**Overview:** The crypto fear and greed index reached 26 (“Extreme Fear”), and Bitcoin dominance increased to 58.7%, pulling capital away from altcoins including DOGE.

**What does this mean:** Meme coins typically perform worse in risk-off conditions. However, DOGE’s trading volume over 24 hours (-12.7% to $993 million) fell less sharply than competitors, indicating sustained retail interest.

Opposite view: Analysts note that DOGE forms higher lows within the long-term triangle — a potential bullish signal if BTC stabilizes.

Dogecoin’s decline is linked to regulatory noise, technical breakouts, and market caution, but its status as the most liquid meme coin provides relative stability. **Key level to watch:** Can DOGE hold support at $0.132 before the Fed’s rate decision this week? A breakdown could lead to testing the 2025 low at $0.081.