Dogecoin surged again on January 13th to the $0.15 level, with an increase of up to 8.8%. Traders are hoping for a breakthrough past the supply zone that failed last week. However, this rebound also failed to break through the barrier, and the price subsequently declined sharply, especially with Bitcoin's accelerated drop on Monday adding to the downward pressure.
24-hour data shows that the total market capitalization of the meme coin sector shrank by 6.66%, with liquidations reaching $35.42 million, of which longs were liquidated for $33.69 million. Dogecoin has already fallen below the $0.129 support level, indicating the strength of the bears—each rebound easily turns into an opportunity for major players to take profits.
From a technical perspective, the $0.136-$0.140 range is a zone of concentrated selling on the hourly chart, while $0.150 still faces significant supply pressure. Judging from the short-term pattern, the downward trend is very clear, and a bullish reversal will largely depend on Bitcoin's movement and sentiment recovery.
Looking ahead to the remaining January market, Dogecoin is expected to remain relatively weak. Once it rebounds to the $0.14-$0.15 range, it is highly likely to face further pullback pressure.
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GateUser-c802f0e8
· 10h ago
Another rebound and then sell-off, this rhythm is really annoying
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The main force playing the bullish trend like this really leaves no room for survival
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Should I clear my position if it breaks below 0.129? The bears seem too aggressive
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Still depends on Bitcoin's mood. When will Dogecoin be able to stand up on its own?
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This round of liquidation over 30 million, all the retail investors like me are probably the ones getting cut
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$0.15 is a hurdle, can't get past it every time, it's ridiculous
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January is better to forget, wait until the sentiment recovers
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If I had known the rebound was just a trap, I would have run earlier
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How to break through such strong supply pressure? The technical chart looks complicated
View OriginalReply0
ser_we_are_ngmi
· 10h ago
It's the same old story again, a rebound is just the time for the bagholders at the high to be handed the dish
The main players always play like this, and we just get chopped
Whenever Bitcoin drops, Dogecoin has to be sacrificed too, it's really pointless
That 0.15 level was known to be unbreakable long ago, why did we get trapped there?
It sounds like we have to wait for the sentiment to recover, but that might be until the Year of the Monkey or Horse
View OriginalReply0
MetaverseLandlady
· 10h ago
The main force is playing tricks again at 0.15, a rebound is just a fake house, this wave of short-term control is absolutely ruthless.
Dogecoin is being hammered again, and when Bitcoin drops, it all gets buried together. Is this our fate?
It broke below 0.129 for real, the bulls have been bleeding heavily these days, with over 30 million USD liquidated.
Every time I see optimism, it feels like a show of giving money to the main force. I've decided to continue observing this month.
0.15 has truly become a natural barrier, the technicals are in terrible shape, unless Bitcoin itself stands up.
The meme coin sector has shrunk by over 6%, but it feels like it's shrinking at the same rate as my principal.
It's both rebounding and falling back, Dogecoin will probably keep fluctuating like this for the rest of the month. I bet it stays at this price until the end of the month.
View OriginalReply0
BloodInStreets
· 10h ago
Another harvest feast, the main force has prepared the slaughter knife at $0.15.
Every rebound is just a show, I see through it but won't expose it.
The bears' control over the market this time is truly impressive, with longs being cut for 33.69 million, the blood pool is full.
Forget about the $0.15 level, the supply pressure is right there.
Missing out is more painful than losing money, but it's still too early to bottom fish now.
Bitcoin remains still, Dogecoin is just a punching bag.
Is another round of panic coming? I'm guarding at $0.12.
The real value trough hasn't appeared yet, staying on the sidelines and watching the show is the best strategy now.
View OriginalReply0
GasFeePhobia
· 10h ago
Here it comes again, here it comes again. The $0.15 level really has some magic power. Every time it tries to break through, it gets pushed back down. Are the big players really waiting here to scoop up the dips?
Dogecoin is really weak this round. Even after so many longs are liquidated, people still talk about hope. Let's be realistic, everyone.
Wait until BTC stabilizes before making any moves. Following the downtrend now is just suicidal.
This round of bears is too fierce. Even at $0.129, it broke. When all indicators are green, that's when you should short, haha.
I'm not counting on January anymore. Let's see if February can turn things around.
Dogecoin surged again on January 13th to the $0.15 level, with an increase of up to 8.8%. Traders are hoping for a breakthrough past the supply zone that failed last week. However, this rebound also failed to break through the barrier, and the price subsequently declined sharply, especially with Bitcoin's accelerated drop on Monday adding to the downward pressure.
24-hour data shows that the total market capitalization of the meme coin sector shrank by 6.66%, with liquidations reaching $35.42 million, of which longs were liquidated for $33.69 million. Dogecoin has already fallen below the $0.129 support level, indicating the strength of the bears—each rebound easily turns into an opportunity for major players to take profits.
From a technical perspective, the $0.136-$0.140 range is a zone of concentrated selling on the hourly chart, while $0.150 still faces significant supply pressure. Judging from the short-term pattern, the downward trend is very clear, and a bullish reversal will largely depend on Bitcoin's movement and sentiment recovery.
Looking ahead to the remaining January market, Dogecoin is expected to remain relatively weak. Once it rebounds to the $0.14-$0.15 range, it is highly likely to face further pullback pressure.