Dogecoin price aggressive downtrend remains as price eyes yearly low at $0.08

Analyst Ali Martinez has identified a significant resistance level for Dogecoin at $0.20, based on on-chain supply distribution data from Glassnode. This level is marked by a cluster of over 11.7 billion DOGE tokens, indicating where investors previously made substantial purchases. Currently, Dogecoin is trading below this threshold, suggesting that many investors are experiencing losses.

Dogecoin has recently shown signs of recovery after a dip to the mid-$0.13 range, with significant accumulation of DOGE tokens by larger holders, indicating a potential bullish trend. Current trading levels are around $0.15, reflecting a slight increase amid ongoing market fluctuations.

As the cryptocurrency market experienced a sharp bearish trend, Dogecoin's price fell below $0.15, indicating a struggle for a major rally. However, a key on-chain metric suggests that traders' sentiment is shifting towards accumulation, hinting at potential bullish behavior in the near future.

Dogecoin has shown signs of recovery, with its price stabilizing around $0.14 to $0.15 after a decline that saw it drop to $0.134 in early December. Recent analysis indicates that the cryptocurrency may be forming a bullish base, suggesting a potential rebound towards $0.2. This upward movement follows a significant bounce from its demand zone, indicating a shift in market sentiment.

Dogecoin's price metrics indicate a reset in its price cycle, with current trading levels around $0.15 and a key resistance barrier at $0.20. The cryptocurrency has shown signs of subdued valuation, increased active addresses, and notable whale accumulation, suggesting a potential shift in market dynamics.

Dogecoin is currently trading around $0.15, with analysts suggesting a healthier market structure compared to previous bear phases, leading to bullish predictions for a potential price target of $1.30. Technical indicators, including the Mayer Multiple, indicate that Dogecoin is not yet in overheated conditions typically seen at market peaks.

Dogecoin has recently experienced a significant decline, with its price hitting fresh lower lows amidst a bearish market sentiment. This downturn follows the disappointing debut of Grayscale's first U.S. spot Dogecoin ETF, which launched on November 24, 2025, but failed to meet trading volume expectations, garnering only $1.41 million on its first day.

Dogecoin's price action is tightening, indicating a potential breakout as market sentiment shifts positively. Recent trading sessions have seen an 8% price increase, pushing DOGE to around $0.15, with a significant rise in trading volume driven by retail investors.