Dogecoin’s Sad Saga: Bulls Weep, Bears Feast 🌭💸

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On a frigid January morn, the 13th to be precise, the Dogecoin [DOGE] bulls, with hearts aflame and wallets agape, staged a fleeting rally to $0.15. Ah, the folly of hope! 🌟 For on that very day, the memecoin darling surged by 8.8%, only to be cruelly rebuffed by the local supply zone-a fortress it had failed to breach earlier that month. Alas, the second attempt was but a tragic reprise, and since then, DOGE has been in freefall. Even Bitcoin’s [BTC] Monday morning jitters sent it spiraling further into the abyss. 😢

CoinMarketCap, that arbiter of digital fortunes, revealed a grim tableau: the memecoin sector shed 6.66% of its market cap in 24 hours-a devilish number if ever there was one. Traders, poor souls, faced $35.42 million in liquidations, with $33.69 million belonging to the long-suffering longs. 🤑💔

Dogecoin’s Plunge: A Tale of Woe and Wretched Support

The $0.150 supply zone, a mere whisper below November’s swing high of $0.156, was the last bastion of hope. Had it been breached, the winds might have turned bullish. But fate, that fickle mistress, had other plans. Though the CMF lingered above +0.05, the OBV sang a dirge of seller dominance, unbroken since October. And the $0.129 low from April 2025? Surrendered once more to the bears. A sad spectacle indeed, each bounce a mere mirage for drowning investors. 🌊🐻

The Bullish Case: A Quixotic Quest

To argue for DOGE’s ascent in 2025 is to tilt at windmills. The year saw it plummet by 62.8%, a fall from grace as dramatic as it was merciless. A recent AMBCrypto report laid bare the truth: smart money has fled, as evidenced by the 500 million DOGE deposit to Binance. Even the shrewdest of investors cannot stomach this tempest. 🚀🔥

Traders’ Lament: Sell the Bounce, Weep for Thy Losses

The hourly chart, a map of despair, reveals imbalances overhead. The $0.137 mark, aligned with the $0.136-$0.140 zone, was where DOGE briefly consolidated before its precipitous fall. Traders, ever hopeful, might short at $0.140 if a bearish reversal whispers on the lower timeframe. Or, they could sell at $0.150, another supply zone ripe for the taking. But for the bulls? A reclaim of $0.150 is their only beacon of hope. 🛡️⚔️

Epilogue: A Month of Tears and Tumbles

  • The Dogecoin prognosis? Bleak. A bounce to $0.14-$0.15 may offer fleeting solace before the next descent. 🌧️⬇️
  • Only a Bitcoin resurgence could shift the winds, coaxing capital back to DOGE. But after January’s first week, such optimism feels as distant as a summer’s day in Siberia. ❄️🇷🇺

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2026-01-20 00:15