Dogecoin loses $0.13 floor as derivatives positioning signals bigger swings ahead

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Dogecoin loses $0.13 floor as derivatives positioning signals bigger swings ahead The $0.13 level is crucial; if Dogecoin can reclaim it, a short-covering bounce is possible, but failure may lead to further declines. By Shaurya Malwa , CD Analytics Updated Dec 24, 2025, 5:14 a.m. Published Dec 24, 2025, 5:14 a.m. (CoinDesk Data) What to know : Dogecoin fell below the $0.13 level amid heavy spot selling and increased derivatives activity, indicating traders expect more volatility. Futures volume for Dogecoin surged 53,000% to $260 million, reflecting rising volatility expectations despite a weakening spot price. The $0.13 level is crucial; if Dogecoin can reclaim it, a short-covering bounce is possible, but failure may lead to further declines. Dogecoin slipped under the $0.13 level Tuesday as heavy spot selling coincided with a sharp jump in derivatives activity, suggesting traders are positioning for wider swings rather than an immediate rebound. News background BitMEX reported Dogecoin futures volume surging 53,000% to $260 million as traders ramped up exposure into the move, a sign that volatility expectations are rising even as spot price weakens. The burst in derivatives turnover came alongside a heavy spot selloff that pushed DOGE through the $0.13 psychological floor, keeping the meme-coin complex under pressure while broader crypto markets remained uneven. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . The rise in futures activity also comes as traders continue to use meme coins as high-beta expressions of sentiment, making DOGE more sensitive to positioning shifts and liquidity pockets than many large-cap tokens. That dynamic tends to amplify moves once key levels break, particularly around round-number supports like $0.13. Technical analysis DOGE broke below $0.1300 after sellers pressed the market during U.S. hours, with the key confirmation coming at 16:00 on Dec. 23 when volume hit 639 million tokens, about 101% above the session average. That spike marked a clear change in flow: buyers that had previously defended $0.13 stepped back, and the level flipped from support into overhead supply. On the intraday chart, selling picked up again from around 01:41, with price slicing through interim supports at $0.1295 and $0.1292. The structure now resembles a descending channel, with DOGE leaning toward the lower boundary as it trades below short-term moving averages. That typically keeps rallies shallow until the market can reclaim the broken pivot. Price action summary DOGE fell 2.3% from $0.1323 to $0.1292 over 24 hours The $0.1300 floor broke on the heaviest spot volume of the session Price steadied near $0.1290 late as volume cooled sharply from peak levels The intraday range widened to $0.0047 (about 3.6%), signaling growing volatility What traders should know $0.13 is now the level that matters. If DOGE can reclaim and hold it, the move looks more like a flush-and-reset and could trigger a short-covering bounce back toward $0.1320. If it fails to retake $0.13, the market is likely to probe the next demand cluster around $0.1285–$0.1280, where buyers may attempt another defense. The outsized jump in futures volume suggests traders are bracing for continued volatility rather than a quiet drift. That can cut both ways: it increases the odds of sharp squeezes, but it also means breaks can extend quickly if stops trigger below $0.1290 and liquidity thins. More For You State of the Blockchain 2025 By CoinDesk Research Dec 19, 2025 Commissioned by Input Output Group L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below. What to know : 2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns. This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026. View Full Report More For You XRP weakens after losing support, with $1.85 next in focus By Shaurya Malwa , CD Analytics 4 minutes ago XRP's price action was characterized by high volume at resistance, suggesting larger players were selling into strength. What to know : XRP fell through short-term support levels, with sellers active near $1.90, pushing attention to the $1.85 area. The crypto market remains volatile as year-end liquidity thins, with traders focusing on short-term risk control. XRP's price action was characterized by high volume at resistance, suggesting larger players were selling into strength. 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