Dogecoin (DOGE) Price Drops to $0.123 as Key Support Level Fails Amid Year-End Sell-Off

Dogecoin (DOGE) has experienced a significant downturn, breaking through a crucial support level and falling to approximately $0.123. This decline is largely attributed to intensified year-end selling pressure across the broader cryptocurrency market. The breach of this support threshold signals potential for further bearish momentum in the short term. Traders and investors are closely monitoring DOGE's price action to see if it can establish a new base or if the selling pressure will continue to drive the meme coin's value lower. Market analysts suggest that broader market trends and investor sentiment will be key factors for Dogecoin's recovery trajectory.