Dogecoin Price Volatility Signals Short-Term Correction Amid Weakening Momentum
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 09 2026- Price Volatility: Dogecoin's price fluctuated between $0.139 and $0.143, recently facing a sharp pullback that indicates weakening market momentum, potentially leading to further downside risks.
- Head and Shoulders Pattern: According to Trader Tardigrade, Dogecoin's 4-hour chart is forming a classic Head and Shoulders pattern, suggesting a potential trend reversal after an extended upward move, with the neckline at $0.13978 serving as a critical support level to monitor.
- Short-Term Correction: The current price action shows consolidation around the $0.140–$0.142 range, indicating weakening bullish momentum, as the market awaits a decisive breakout or breakdown to establish the next trend direction.
- Technical Indicators: The MACD shows a bearish crossover, indicating strengthening downward momentum, while the Chaikin Money Flow has dropped to -0.14, reflecting increased net selling pressure and reduced capital inflow into DOGE.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
