Dogecoin price was changing hands at roughly $0.14 on Monday morning, with prices around $0.1417 and daily volume nearly doubling to $1.17 billion as trading activity picked up.
This follows Dogecoin’s 12th anniversary on December 6th. What started in December 2013 as a humorous project has grown into a $22.9 billion asset backed by a loyal community and high-profile supporters like Elon Musk.
The milestone brought a wave of tributes for Kabosu, the Shiba Inu behind the original meme, who passed in 2024, while co-creator Billy Markus kept a familiar, playful tone for long-time fans.
Dogecoin Support Slips but Cycles Point Toward $0.75
Chart data shows DOGE price grinding higher throughout the session, rising around 2% on the day. The trend bias remains neutral to slightly positive on short-term time frames, with price gradually moving away from intraday lows.
However, market analyst Ali reported that Dogecoin has limited buyer clustering under the current range. His on-chain distribution chart shows that if DOGE breaks down, the next key support is at $0.081. A drop below $0.135 raises the risk of falling to this level, which is a strong historical accumulation zone.
At the same time, the weekly cycle model from Bitcoinsensus highlights a contrasting long-term view. Connecting the past two major swing highs shows a potential price path toward $0.70–$0.75. Previous cycle moves ran in steep waves, with surges of +190%, +480% and +450% from earlier accumulation phases.
Dogecoin ETFs currently hold $5.51 million in net assets, equal to just 0.02% of total market value. The flows remain small, but the products establish a regulatory infrastructure if demand expands during later speculative phases.
Dogecoin is currently between weak near-term support and a multi-cycle bullish structure, with traders watching whether $0.14 holds or if the market drops to $0.081 before a larger move.
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