thecryptobasic.com 
As Dogecoin continues to look weak amid a broader market downtrend, here are key Dogecoin support levels to watch closely.
Notably, Dogecoin ($DOGE) has slid further this week, dropping 3% since Sunday. Despite a strong start to the week, prices have begun to trend south again, joining the rest of the cryptocurrency market.
The crypto market cap dropped 2.9% in the past 24 hours to $2.12 trillion, following Bitcoin’s 3% correction to $61,400 and $DOGE’s 3.3% dip to $0.0836 over the past 24 hours.
Meanwhile, the Tuesday correction is not limited to the crypto sector alone. Major financial assets like gold, silver, oil, and US equity also bled on uncertainties around the US-Iran peace talks.
Dogecoin at Key Weekly Support
Currently, Dogecoin sits around the $0.075 weekly support, an area that has triggered major rebounds in the past. The token has not lost this demand zone since early 2024, despite facing several price crashes.
Analysts also see the current level as an extreme opportunity zone for accumulation. With $DOGE enduring a prolonged correction and prices now near levels where it has recovered from in the past, many see the current price as a bargain. Moreover, the upside reward is growing more appealing than the downward risk, further supporting the view that the current price level looks cheap.
However, bears are still in full control of the market. Prices are still forming lower highs and remain below key momentum indicators, leaving the chances of further downtrends alive. Should the current support break and Dogecoin trend lower, here are the supports to watch.
Dogecoin Support Levels to Watch
The closest major support to watch is the $0.062-$0.53 range. Notably, $DOGE has not lost this support since breaking above in March 2021.
Dogecoin 1W Chart Showing Next Major Support
The token bottomed around this support during the 2022 bear market, forming the foundation for the last bull market. Interestingly, the last time the meme coin visited this area was in October 2023 when it dumped to $0.0567. From there, it bounced by an impressive 753% to $0.484 in December 2024.
$DOGE would have to drop by 26% to 37% from the current market price to reach this major weekly support at $0.062-$0.053.
Losing this level places Dogecoin in serious risk of a much larger correction. The next support after this is $0.0413, where the token bottomed in February 2021. Reaching this level would see the meme coin lose over 50% of its current value.
$DOGE On-Chain Data
In the meantime, sentiment around Dogecoin remains negative, as market participants appear to be losing interest in the asset. This has been reflected in its on-chain metrics.
Derivative interest has faded, with futures flow dropping over the past 24 hours. Futures inflow of $396 million is lower than the outflow of $427.5 million, showing that more traders closed their open positions than opened new ones.
Dogecoin Futures Flow/Coinglass
Open interest has also dropped 3% to $1 billion, confirming this trend. At the same time, trading volume has declined by 5% in the past 24 hours, as market activity cools off.
