Dogecoin price falls 6% to $0.13 as Bitcoin, Ethereum retreat

Dogecoin fell about 6% over the past 24 hours to roughly $0.13, dropping through several short-term support levels as Bitcoin and Ethereum weakened.

On the hourly chart, DOGE broke a rising trend line and moved below the 100-hour simple moving average near $0.13, which had provided support earlier in the session.

The token traded under the 23.6% Fibonacci retracement of the decline from the recent swing high to the latest low. Immediate resistance sits near recent intraday highs, with the first major area around the 50% retracement of the latest pullback.

On the downside, initial support is near the latest intraday low, with a broader zone positioned below that level. Momentum readings pointed lower. The MACD strengthened in the bearish zone, and the RSI remained below 50.

Bitcoin and Ethereum retreated in recent sessions, and DOGE declined during the same period. Dogecoin, introduced in 2013, is widely traded across major exchanges and often reacts to shifts in broader crypto market sentiment.

As reported earlier by GNcrypto, Bitwise Asset Management withdrew the delaying amendment on its spot Dogecoin ETF filing, starting a 20-day Section 8(a) countdown that could allow the registration to become effective absent SEC action. The ETF, set to list on NYSE Arca, would hold DOGE directly, use Coinbase Custody for cold storage, have BNY Mellon manage cash, track the CF Dogecoin-Dollar US Settlement Price, and process cash creations and redemptions. Grayscale pursued a similar path, while DOGE fell from a September peak of $0.297 to about $0.165 at its low.