Dogecoin slumps 7% as bitcoin risk-off rattles memecoin bets

coindesk
coindesk|2026年01月29日 17:10
The token broke below key support at $0.1218 on heavy volume, turning that level into near-term resistance even after a brief bounce from around $0.115. What to know : Dogecoin fell about 7 percent as bitcoin retreated, with the memecoin underperforming larger cryptocurrencies amid a broader risk-off move. The token broke below key support at $0.1218 on heavy volume, turning that level into near-term resistance even after a brief bounce from around $0.115. Traders are watching the $0.115–$0.12 zone as a critical decision area, with a hold and reclaim of $0.1218 suggesting stabilization, and a breakdown below $0.115 opening downside toward $0.108–$0.10.
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