Dogecoin Breaks Support as Year-End Selling Drags DOGE to $0.123

Source: CryptoNewsNet Original Title: Dogecoin breaks support as year-end selling drags DOGE to $0.123 Original Link: Dogecoin slipped 3% to $0.1226 as year-end selling pressure pushed the token through a key support zone, keeping the meme coin pinned to the lower end of its December downtrend.

DOGE broke below $0.1248 during the heaviest trading window of the session, with volume running about 157% above average — a sign the move wasn’t just thin-liquidity drift, but a real break driven by active supply.

The drop extended a broader bearish structure that has defined DOGE’s month, with sellers repeatedly using rebounds to lighten exposure and defend lower-high levels.

Market Context

• The move comes as year-end positioning continues to weigh on high-beta crypto, with liquidity thinning into the holidays and investors trimming risk.
• DOGE has also been facing supply pressure from large holders: whale wallets distributed roughly 150 million tokens over the past five days, keeping spot rallies capped even as price traded near range lows.
• At the same time, derivatives positioning has remained active.
• Open interest climbed back above $1.5 billion, suggesting futures traders are still willing to hold exposure into 2025 even as spot market tone turns defensive.
• That divergence — persistent leverage against weakening spot structure — tends to keep volatility elevated, especially when sentiment is already fragile.