DOGE continues to fall into the historical Fibonacci zone as support on the blockchain weakens further.

The price of Dogecoin (DOGE) is currently at $0.14, facing a series of strong selling pressures on the weekly timeframe. Public charts show that the famous meme coin is approaching important Fibonacci support zones—a technical analysis concept involving mathematical ratios used to identify potential reversal or recovery levels.

Clear bearish structure from technical indicators

Since the peak in 2025, DOGE has been unable to stay above the Fibonacci 0.618-0.5 zone (around $0.235-$0.282). When the price breaks below these levels, weekly candles begin forming a series of lower highs and lower lows, confirming that the main trend has shifted from accumulation to a broad correction phase.

Selling pressure still dominates the market as the price trades below the 50-week exponential moving average (EMA), currently around $0.20. Each time DOGE attempts to recover toward this EMA line, the sellers reappear to prevent any weekly candle from closing above this dynamic resistance. This situation reflects a weak market where buying opportunities remain limited.

The weekly RSI indicator currently hovers around 30, indicating that momentum has weakened but has not yet entered oversold territory. This scenario suggests room for further downside pressure unless DOGE can stabilize near support zones.

Next Fibonacci support levels and key points to watch

The next major Fibonacci zone appears near $0.153-$0.158, an area that served as resistance at the end of 2023 and early 2024 but now acts as a potential support. If DOGE cannot hold here, a weekly candle closing below this zone would strongly confirm a bearish structure and could trigger another decline toward the lower boundary forecasted by trend lines.

For the chart to reverse, DOGE needs to regain the upper trendline of the downtrend channel and break above the 50-week EMA. Only then can the market start showing early signs of a reversal, with the potential for a rally back to the Fibonacci levels it previously lost.

Blockchain data reveals weak support at present

According to blockchain data analysis from chain tracking tools, DOGE is currently resting on a very thin on-chain support zone. The Realized Price Distribution chart shows that DOGE transaction volume around the current price ($0.14) is limited, indicating weak support just below the current market.

However, at the lower end of the distribution curve, the situation changes significantly. A dense cluster appears near $0.081, where most of Dogecoin’s supply last changed hands. This major support zone marks an important technical boundary that investors should monitor closely.

If the price breaks below the current area without support at intermediate Fibonacci levels, data suggests DOGE could head directly toward the $0.081 zone. This area is considered a critical protective zone where many investors might be willing to accumulate and defend their positions.

On-chain trading activity also reflects a broader slowdown. Transaction volume is significantly lower than the strong cash flow seen earlier in 2025. Recent candles show steady participation but not enough vibrancy, emphasizing that momentum has shifted away from the previous strong accumulation phase.