Buyers and sellers are locked in a tense standoff as the dogecoin price tests a crucial support area, with momentum still leaning against the bulls.
Corrective phase and impact of the October 10 flash crash
According to a recent update by More Crypto Online, Dogecoin remains trapped in a corrective pattern that has been unfolding since November 2024. The sharp flash crash on October 10 injected fresh volatility into the market and added complexity to the broader chart structure. However, the analyst stressed that the main scenarios outlined in earlier reviews are still valid, and near-term pressure continues to favor the downside.
Moreover, the sudden move on October 10 has made it harder for traders to clearly distinguish between a temporary pause and a deeper trend shift. The overall structure still points to sellers retaining the upper hand, even as short bursts of buying emerge around key technical levels.
Key dogecoin support levels and downside targets
Although the so-called “yellow” scenario leaves room for one final push higher, bearish momentum is still clearly in control. Until Dogecoin delivers a decisive bounce from major support, or at least stabilizes without breaking below the 9.6-cent low set on October 10, traders should be prepared for further weakness.
Initial support is seen at 9.6 cents, a level that has already been tested, followed by deeper zones near 8.0 cents and then 5.4 cents. However, whether price eventually tags these lower areas remains uncertain, as the market has not yet shown a clear direction out of the current range. For now, there are still no convincing technical signals indicating that a durable local bottom has formed, keeping potential dogecoin downside targets firmly on the radar.
Momentum signals and short term trend risk
Overall momentum remains negative, with DOGE still trading inside a local downtrend channel. While a bullish reversal could emerge at any time, the existing conditions do not justify adopting an aggressive positive bias. That said, traders often try to front-run a change in direction, but doing so before confirmation in this setup introduces additional risk.
Moreover, the broader dogecoin momentum analysis still highlights a market where sellers dominate rallies and buyers are mainly reacting at support rather than driving sustained advances. In such an environment, caution appears to be the prudent stance, especially for short-term traders watching the current structure.
Resilient base and aggressive buy-the-dip flows
Crypto analyst Broke Doomer pointed out that DOGE has shown notable resilience, even as bears have tried repeatedly to force the price lower. Despite persistent selling attempts, the market has continued to defend the existing floor, signaling that this support band is firmer than many sellers initially expected.
The analyst observed that each dip into this zone is bought relatively quickly, which is a strong indication that significant bids are still present whenever intraday weakness appears. Moreover, this aggressive dogecoin buy the dip behavior suggests that institutional or large-scale participants may be accumulating within the consolidation range, helping to prevent a clean breakdown through support.
How long can support hold?
Given the ongoing battle between supply and demand, attention has now shifted to the durability of this base. Broke Doomer questioned how long the current floor can withstand repeated tests before one side finally gains clear control of momentum. In particular, the dogecoin price remains at a crossroads, where a decisive move could either trigger renewed downside or confirm a short-term stabilization phase.
However, until a strong reaction off support or a clear break below the 9.6-cent level materializes, the market is likely to remain in a choppy and uncertain state. For now, traders are watching whether buyers can maintain this defensive line long enough to shift sentiment away from the prevailing bearish tone.
In summary, Dogecoin is holding a critical support band while broader momentum and structure still favor the bears. Unless buyers seize control with a convincing reaction higher, the risk of another leg down persists, keeping traders focused on both the current base and the lower downside levels highlighted by recent technical analyses.
Source: https://en.cryptonomist.ch/2025/12/19/dogecoin-price-support-downside/
