Dogecoin: Can DOGE hold THIS support as bulls lose the $0.37 zone?

• Dogecoin fell beneath a hotly contested area as soon as extra after current market-wide losses.
• The liquidation heatmap highlighted two vital ranges that would determine the following longer-term development.

Dogecoin [DOGE] was down by 9.7% within the 24 hours previous press time, however its buying and selling quantity was up almost 89%. This large inflow may be largely attributed to the promoting that occurred yesterday.

With Bitcoin [BTC] as soon as once more struggling to reclaim $100k, Dogecoin’s short-term outlook is precarious. The $0.336 and $0.375 ranges might be key over the following few days.

Dogecoin bulls unable to defend $0.37 zone

Supply: DOGE/USDT on TradingView

In mid-November, the $0.35-$0.38 area was established as a help zone following a swift rally earlier that month. This help zone gave means within the second half of December, inflicting DOGE to fall to a neighborhood low of $0.262.

Almost three weeks earlier than the present date, the primary few days of the 12 months noticed a bullish efficiency from DOGE. It broke out of a symmetrical triangle sample (white) to succeed in $0.398 and reclaim the $0.36 zone as help, however it fell beneath this help stage previously 24 hours.

The subsequent short-term help stage is at $0.336, a decrease timeframe consolidation zone earlier than the impulse strikes greater on Friday, January third.

The Superior Oscillator on the 6-hour chart exhibits weakening bullish momentum. The DMI additionally signifies a slowdown within the bullish development, with the -DI (crimson) crossing above the +DI (inexperienced).

Momentary setback or additional losses forward?

Supply: Coinglass

The liquidation heatmap of the previous month confirmed that the $0.42 space was the strongest magnetic zone close by. The $0.3 space was additionally attention-grabbing. Extra bearishness from Bitcoin might lead to a Dogecoin drop towards the $0.3 liquidity pool.

Learn Dogecoin’s [DOGE] Value Prediction 2025-26

These liquidity pockets are key help/resistance zones that would provoke a short-term worth reversal. On the upper timeframes such because the day by day, the market construction of DOGE was bullish, however the $0.37 area was an vital and extremely contested sector.

Disclaimer: The data offered doesn’t represent monetary, funding, buying and selling, or different kinds of recommendation and is solely the author’s opinion