Dogecoin Price Could Hit $0.074 Support Amid Declining Investor Confidence

Highlights:

• The Dogecoin price drops 2% to $0.12 as the wider crypto market anticipates the US Consumer Price Index (CPI).
• DOGE on-chain data shows a drop in DOGE supply profit as large wallets decrease their portfolios.
• The technical outlook upholds a bearish sentiment, as Dogecoin price could hit $0.074 support.

Dogecoin (DOGE) price is trading at a loss, after decreasing by 2.9% to $0.12 in the past 24 hours. Meanwhile, the DOGE outlay in profit has reduced as big wallet investors decrease their portfolio. The data on derivatives indicates that there has been an increase in bearish positions with a reduction in retail interest. The technical forecast of Dogecoin is bearish, with analysts forecasting a deeper correction to $0.075 support.

The data on Santiment indicates that the amount of tokens in the hands of investors possessing 100 million to 1 billion DOGE is 34.77 billion, compared to 36.14 billion on December 1. On December 10, the cohort lost more than 1 billion DOGE, and since that time, it has been relatively stable. Nevertheless, the cumulative supply of DOGE is in profit at 50.70%, as compared to a high point of 53.95% on December 3, indicating a constant reduction in demand.

On the derivatives data, Dogecoin runs into trouble as the wider crypto market anticipates the US Consumer Price Index (CPI) and the rate hike decision by the Bank of Japan on Friday. According to CoinGlass data, the short in the DOGE derivatives is now 54.41% higher than the longs at 45.59%. The brief positional accumulation indicates the sell-side control of the traders, tilting the odds towards the bears in the meme coin market. 

Dogecoin Price Could Hit $0.074 as Bearish Grip Strengthens

The DOGE price action is showing bearish signals. The DOGE/USD 1-day chart shows a downtrend, within a falling parallel, now hovering around $0.1260, far below that resistance zone.

The 50 SMA (Simple Moving Average) sits at $0.15, and the 200-day SMA at $0.19, suggesting the Dogecoin price is still in a longer-term bearish trend. Moreover, the long-term MA(200-day) has crossed above the short-term MA(50-day), signalling a death cross. 

Digging into the indicators, the RSI (Relative Strength Index) at 35.54, below the RSI-based MA, further shows caution in the market. Its position below the 50-mean level reinforces the bearish grip, with potential for further downside. 

Looking at the bigger picture, if the dog-themed meme coin price holds above the current price levels, a rebound towards $0.15 resistance could be imminent. Beyond that, the Dogecoin price could soar toward $0.16-$0.19 again.

Conversely, if it fails, there might be a crash back to $0.10 or lower. DOGE trading volume has spiked 70% amid a price downturn, indicating bearish activity could extend, probably due to profit-taking or panic selling. Notably, popular crypto analyst Ali Martinez has observed that the $0.074 zone could be a firm support zone for DOGE. This is because over 28 billion tokens last changed hands there. 

$0.074 is the key support for Dogecoin $DOGE.

Over 28 billion tokens last changed hands there. pic.twitter.com/D3Gqq2YjYN

— Ali Charts (@alicharts) December 17, 2025

In the short term, DOGE might consolidate around $0.12-$0.10 in the next few days, and if this bearish trend persists, it could drop lower. Long-term, if the 50-day SMA holds and volume spikes, there could be a push back to $0.19.