DOGE exits range as selling pressure builds at key levels

Dogecoin lost a key technical level following the Federal Reserve’s latest rate decision, with heavy volume confirming a short-term shift toward bearish control.

Dogecoin declined 5% during Tuesday’s session as crypto markets reacted to the Federal Reserve’s 25-basis-point rate cut and cautious forward guidance. While rates were reduced to a 3.5%–3.75% target range, policymakers signaled internal disagreement on the pace of further easing, dampening risk appetite across digital assets.

Meme coins underperformed during the broader pullback, with DOGE facing outsized pressure as traders reduced exposure following recent consolidation near resistance. The move appeared driven more by positioning and macro sentiment than by token-specific fundamentals.

DOGE broke decisively below the $0.1310 consolidation zone, a level that had acted as short-term support during recent range-bound trading. Once this level failed, selling accelerated quickly, confirming a breakdown rather than a brief liquidity sweep.

Trading volume surged to 769.4 million tokens during the decline, far above recent averages, validating the move as active distribution rather than low-liquidity drift. Price formed a lower high near $0.1324 before rolling over, reinforcing bearish structure on the intraday timeframe.

From a structural standpoint, the loss of $0.1310 shifts DOGE back into a corrective phase, with rallies now likely to face selling pressure unless that level is reclaimed convincingly.

DOGE traded from $0.1315 down to a session low near $0.1266 before stabilizing. Buyers stepped in at lower levels, producing a modest rebound back toward $0.1291 into the close.

The recovery, however, occurred on fading volume and left price below key moving averages. Overnight trading showed continued pressure, with DOGE slipping from $0.1320 to $0.1314 on steady but controlled activity, suggesting sellers remain active on rallies.

The $0.1310–$0.1315 zone now acts as immediate resistance. As long as DOGE remains below this area, upside moves are corrective rather than trend-confirming.

On the downside, $0.1290 is the first level to watch. A sustained break below this floor would likely reopen the $0.1266 support area. Conversely, holding above $0.1290 could allow DOGE to consolidate before the next directional move.

Volume behavior remains key. Continued high volume on downside moves would confirm further distribution, while declining volume near support would suggest selling pressure is beginning to exhaust.