## Dogecoin in Difficult Times: On-Chain Support Becomes Thin, Selling Pressure Continues

**The weekly chart of DOGE depicts a bleak picture as the price continues to slide, with the gap from support zones increasingly widening, marking the starting point of the 2023-2025 bull run.** Currently, the meme coin is trading around $0.14, under continuous selling pressure with market momentum significantly weakened.

### Deepening downtrend channel, weekly candles forming lower highs and lower lows

Returning to the Fibonacci retracement from the 2023-2025 rally, the golden zone (0.618-0.5) between $0.235 and $0.282 has become a pressure accumulation point. DOGE has been unable to sustain resilience above this zone since the beginning of the year, and the subsequent decline has initiated a broad correction structure — with a series of weekly candles forming lower highs and lower lows.

The 50-week exponential moving average (EMA 50W) near $0.20 plays a key role — each time DOGE attempts to rally toward this line, sellers intervene immediately before any weekly candle can close above it. As a result, the price is trapped within a clear downtrend channel, with no strong reversal signals.

### Declining trading activity, RSI indicator warns

Current trading volume is much weaker compared to the strong cash flow during the accumulation days of late 2024 - early 2025. Recent candles reflect stable activity but have lost momentum, shifting the indicator toward negative territory. The weekly RSI hovers around the high 30s — a warning zone indicating weakening but not yet oversold, meaning selling pressure still has room to extend.

The next technical support zone appears at $0.153 to $0.158 — a former resistance area at the end of 2023 and early 2024, now serving as a defensive line. If DOGE breaks below this zone, the downtrend channel will be confirmed deeper, potentially extending the decline along the trend lines.

### When will the situation change? Buyer demands

For a reversal, DOGE must regain the upper trendline of the channel and convincingly break above the 50-week EMA. Only when this happens can the chart show early reversal signals — where the price has a chance to return to the Fibonacci zones it previously controlled.

## Thin on-chain support, next strong defense zone at $0.081

On-chain data from Glassnode reveals a warning picture: on-chain support at the current price level has become fragile, with a segment of investors ready to defend positions at much lower levels.

The Dogecoin UTXO Realized Price Distribution chart (URPD) shows limited DOGE trading around the current price. Data columns reflect a thin presence of buyers at recent levels, indicating that the actual support foundation beneath the market is not solid.

However, below the curve, there is a significantly thick distribution segment near $0.081 — the area where most supply last changed hands. This UTXO cluster marks a major on-chain support zone, where investors may be willing to recover losses or defend their positions.

**If DOGE breaks below recent technical support zones, on-chain data suggests that $0.081 will be the last focal point for buying pressure before a larger bottom can form.**

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*📊 **Price update:** DOGE is trading at $0.14 with a 24h increase of +0.85%, 24h volume reaching $34.99M*