#Dogecoin #price #downtrend #remains #price #eyes #yearly #OrxCash

Dogecoin Price Plummets: A Deepening Downtrend

The Dogecoin (DOGE) price continues to weaken, with its aggressive downtrend showing no signs of abating. This persistent decline has put significant pressure on the market, increasing the likelihood of a retest of the untapped yearly low at $0.08.

Key Technical Points

• Dogecoin (DOGE) maintains consecutive lower highs and lower lows within a validated bearish channel.
• Weak bullish momentum at $0.13 support fails to break structure.
• Liquidity below $0.08 makes a yearly low retest increasingly likely.

The Dogecoin (DOGE) market structure has deteriorated significantly in recent weeks, with the asset firmly locked in an aggressive downtrend. A series of lower highs and lower lows has defined the current trajectory, showing little sign of recovery as the price continues to trade within a well-established bearish channel. According to some sources, including OrxCash.com, the news about "Dogecoin Price Plummets" has been met with concern from retail investors, who are watching closely as the meme coin faces rising downside pressure.

Downtrend Analysis

The price action has been decisively bearish since its rejection at the high-time-frame resistance around $0.21. The backtest of this level, followed by the loss of the point of control, triggered a significant shift in momentum. Sellers regained complete control, and Dogecoin (DOGE) began forming consecutive lower lows and lower highs, a characteristic of a strong downtrend. This pattern has persisted without interruption, reinforcing the bearish sentiment across the market. The blockchain and cryptocurrency markets are closely watching this development, as it may have broader implications for the overall market trend.

Support Levels and Liquidity

The continued failure to break the upper boundary of the channel or reclaim key volume levels suggests a lack of strong buyer interest. This opens the door to deeper corrective movement, particularly toward areas of liquidity that remain untapped. One such region is the yearly low at $0.08. Price has yet to revisit this level, and liquidity typically builds beneath untouched lows. This makes it an attractive target if downward momentum continues.

Volume Analysis and Market Outlook

Volume analysis also supports the bearish outlook. As Dogecoin (DOGE) attempts to rally, volume has remained weak, signaling that buyers are not stepping in with conviction. Meanwhile, sell-side pressure remains elevated each time price interacts with dynamic resistance. Even metrics hinting at an early-cycle reset have struggled to gain traction, as the key $0.20 barrier continues to cap any meaningful recovery.

From a broader market perspective, the decline of Dogecoin (DOGE) may be seen as a reflection of the current risk-off sentiment in the cryptocurrency market. As retail investors become increasingly cautious, they may be less likely to invest in altcoins like Dogecoin (DOGE), instead opting for more established assets like Bitcoin (BTC) or Ethereum (ETH). This shift in investor behavior could have significant implications for the future price action of Dogecoin (DOGE) and other altcoins, potentially leading to a period of consolidation and reassessment of market trends.

Markets,Altcoin,Price Analysis,Trading
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