Dogecoin has taken a beating this year, trading down more than 60% year-to-date. The recent dip of 1.8% signals renewed selling pressure as holders exit positions, pushing the price toward the lower boundary of its trading corridor. What caught traders' attention is the spike in activity—trading volume hit over 700 million tokens, pointing to significant repositioning happening in the market. The breakdown near the $0.1320 support level is critical to watch. If this level fails to hold, Dogecoin could face further downside pressure in the near term. The combination of weakening support and elevated volume suggests market participants are reassessing their positions.