The post Dogecoin: Breakout attempts fail, short sellers regain control – What’s next? appeared on BitcoinEthereumNews.com.

On the 13th of January, Dogecoin [DOGE] bulls forced a short-term rally to $0.15. On that day alone, the leading memecoin had rallied by 8.8%, challenging the local supply zone where a breakout attempt failed in the first week of the month. The second try was a failure too, and DOGE prices have been falling since then. Bitcoin’s [BTC] wobble in the early hours of Monday sent Dogecoin prices further south. CoinMarketCap data showed that the past 24 hours saw the memecoin sector shed 6.66% of its total market cap. Traders faced $35.42 million in liquidations in the past 24 hours, with $33.69 million being long positions. Dogecoin slips below key long-term support Source: DOGE/USDT on TradingView The $0.150 supply zone was just below the key swing high from November at $0.156. Breaching it would have flipped the swing structure bullishly, but it was not to be. Though the CMF was above +0.05 at the time of writing, the OBV signaled the seller dominance since October has not let up. Moreover, the $0.129 low from April 2025 was ceded to bears yet again. It showed the severe selling pressure on Dogecoin. Each bounce is a profit-taking opportunity for underwater investors. Arguing the bullish DOGE case This was a tough argument to make. In 2025, Dogecoin shed 62.8%, measured from the year’s open to its close. A recent AMBCrypto report highlighted the lack of conviction from smart money, evidenced by the 500 million DOGE deposit to Binance. Traders’ call to action – Sell a bounce Source: DOGE/USDT on TradingView There were sizeable imbalances overhead on the hourly chart. The one at $0.137 coincided with the $0.136-$0.140 zone, where the memecoin consolidated over the past few days before plummeting lower. Traders can use a retest of $0.140 to go short if they…

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Filed under: News - @ January 19, 2026 9:29 pm