Peter Smith
⬤ Dogecoin's managed to stay above the $0.135 mark even as the price action has gone pretty flat. After pulling back from higher levels, DOGE is now trading around $0.137 in the perpetual futures market—basically stuck between support at $0.135 and resistance near $0.145. The momentum that pushed it toward $0.150 earlier has completely faded, and right now the price is just drifting sideways.
⬤ What's interesting is how quiet things have gotten in the leverage markets. Trading volumes have dropped off noticeably, which tells you that the aggressive traders have mostly stepped back. Short positions are still in control here, but it's not like there's heavy selling happening—it's more that there's just no real buying pressure to push things higher. The moving averages are still pointing down, and the recent candles show way less volatility than we saw during the earlier selloff.
⬤ The volume picture backs up what the price is showing: this is consolidation, not recovery. Recent sessions have been light on activity, meaning neither buyers nor sellers are particularly convinced about what comes next. Even though $0.135 is holding, there's been no real bounce attempt. The price just keeps chopping around in a tight range without any clear direction.
⬤ This kind of setup matters because when a coin sits near support like this with declining volume, it usually doesn't stay boring for long. Something eventually gives. With leverage traders pulling back and shorts still having the upper hand, how DOGE behaves around $0.135 is going to set the tone for what happens next—either it stabilizes and finds some buyers, or it breaks lower and drags sentiment down with it across the meme coin space.
Peter Smith
