Dogecoin slides 16% to $0.087 as $0.10 breakout stalls

Dogecoin fell 16.5% to $0.087 after failing to clear the $0.10 psychological resistance, retreating from a local high set last week.

The pullback followed a Bitcoin stumble around the $82,000 supply zone. Crypto analyst Ali Martinez flagged whale accumulation of 430 million DOGE over the past week, while the Tom DeMark Sequential indicator flashed a monthly buy signal on Aug. 15.

On-chain data from the UTXO Realized Price Distribution (URPD) shows a heavy cluster of UTXOs at $0.081, marking a key support zone. Martinez argued DOGE could target $0.177 while holding above this level, with relatively little acquired supply between $0.081 and $0.177 creating an "air pocket" for limited on-chain resistance.

The Fibonacci retracement levels highlight the $0.08-$0.074 area as the golden pocket. A brief dip into this zone could offer a buying opportunity targeting an impulse move toward $0.12, and even the $0.155 yearly highs.

The rally from the $0.07 lows saw a daily session close above $0.092, the previous swing high from June, on high trading volumes — a market structure shift that suggested the move was genuine. The URPDs showed $0.069-$0.081 as an on-chain support area to watch.

A separate technical read from FX Empire notes DOGE failed to hold above its 200-day exponential moving average near $0.095, which overlaps the upper trendline of a falling wedge pattern. That rejection raises the possibility of a rotation toward the pattern's lower boundary near $0.056-$0.060, roughly 35 percent below current prices. A rebound from that region could set up a later breakout targeting $0.213-$0.261, a roughly 200 percent advance, or $0.144 if the breakout occurs closer to the wedge's apex.

The golden pocket's visibility cuts both ways: the same level that attracts buyers could serve as an obvious liquidity target for further downside. A decisive break below $0.081 would expose holders within the broader support region to renewed pressure, while a bounce from the $0.08-$0.074 zone could draw momentum buyers and stabilize the token.

This article is for informational purposes only and does not constitute investment advice.