Though Dogecoin had began off 2026 on a really constructive be aware amid the broad crypto market resurgence witnessed in the course of the interval, it has begun to flash indicators of a deep correction section, which has stirred considerations amongst traders.
On Thursday, January 8, famend crypto analyst Ali Martinez shared charts that counsel that the main meme asset could solely be a bit of push away from falling as little as including a zero to its worth.
Whereas Dogecoin seems to be dealing with one in all its main important moments amid the broad crypto market hunch, its on-chain actions are flashing warnings that the subsequent main help zone sits very low, round $0.073.
Dogecoin dangers dropping $0.1
Based on the UTXO Realized Worth Distribution information shared by the analyst, Dogecoin has joined the market on its bear run, and its worth has retraced again to the $0.14 degree, with notable worth decreases over the past day.
Whereas the asset’s present worth degree nonetheless seems respectable, the information revealed that this worth degree is at the moment in a skinny liquidity zone, with little or no on-chain help beneath it.
Though it additional revealed that there’s a large hole between its subsequent help degree, the information reveals that the subsequent main accumulation space sits all the best way down at $0.073.
Merely put, the sample projected by the main meme token signifies that most holders amassed DOGE across the $0.14–$0.18 degree, marking a zone the place large quantity is concentrated.
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Furthermore, there isn’t any main help under that zone to assist retain the asset’s worth round $0.1. If it fails to carry momentum above the aforementioned zone, Dogecoin may face a pointy and quick drop to round $0.073, which marks the subsequent help zone the place huge historic demand is located.
Whereas the crypto market has suspended its current rally and is at the moment dealing with its first main massacre in 2026, the correction section has continued to persist, placing DOGE’s potential to carry momentum above $0.12 in danger.
As such, the analyst predicted that Dogecoin is at the moment hanging by a thread and could also be near dealing with its largest plunge in 2026, which may see it add one other zero.