The decline of Dogecoin below $0.13 is increasing institutional interest.

Sharp Decline in Dogecoin

Dogecoin has recently experienced a decline of 5.5%, falling below critical technical levels. This situation indicates a change in the short-term market structure.

Increased Selling Pressure and Low Liquidity

The decline is driven by weak risk appetite, along with low liquidity and increasing selling pressure. Trading volume has shown an increase of 267% above the average.

Critical Levels and Direction

The short-term direction of Dogecoin depends on maintaining the $0.1290–$0.1280 range. Additionally, the $0.1300 level has been identified as an important point of resistance nearby.