Dogecoin has lost nearly 21% of its value over the past month, dropping below all major moving averages. The cryptocurrency now sits near a key support level at $0.085, and a break below that could send it toward $0.075.
The 21% monthly decline
The slide has been steady rather than sudden. Over the last 30 days, Dogecoin has fallen from around $0.107 to roughly $0.086, according to market data. The drop erased gains from earlier in the year and pushed the token into technical weakness.
Trading below all major moving averages
Dogecoin is now trading under its 50-day, 100-day, and 200-day moving averages. That configuration — often called a “death cross” when the 50-day crosses below the 200-day — signals bearish momentum. Traders typically view sustained trading below these averages as a sign that sellers are in control.
The $0.085 support level
Analysts tracking the charts have identified $0.085 as a critical floor. If Dogecoin holds above that price, it could stabilize or attempt a bounce. But a decisive break below $0.085 would likely open the path to $0.075, the next major support zone.
The coming days will test whether buyers step in at $0.085 or whether selling pressure pushes the token lower. A close below that level would confirm the bearish outlook.
