Dogecoin Consolidates Near Critical Support on Bybit as Traders Anticipate Potential Reversal

Dogecoin (DOGE) is currently exhibiting a tightly range-bound price action, trading between $0.123 and $0.124 as of January 27, 2026. Market participants on exchanges like Bybit are closely monitoring the key $0.117 support level, a zone that has garnered significant attention not due to robust organic spot demand, but rather because of concentrated leverage positions. This consolidation phase is drawing parallels to historical late-cycle patterns where DOGE has previously compressed NEAR mid-range Bollinger Bands before a decisive price expansion. The current market behavior suggests traders are in a holding pattern, awaiting a clear directional signal that could trigger the next significant move. The focus on leverage around the $0.117 level indicates a battleground where liquidations could fuel volatility. This setup presents a critical juncture for DOGE, with its ability to hold or break this support likely dictating the short-to-medium-term trend for the popular meme cryptocurrency on trading platforms.

Dogecoin Holds Key Support as Traders Await Potential Reversal

Dogecoin's price action remains tightly range-bound, with the meme coin hovering between $0.123 and $0.124 as market participants watch for a potential test of the $0.117 support level. This zone has drawn significant attention due to concentrated leverage positions rather than organic spot demand.

The current consolidation mirrors historical late-cycle patterns where DOGE compressed near mid-range Bollinger bands before explosive moves. Derivatives data from Bybit shows over $2 million in long positions WOULD liquidate if prices dip to $0.117, creating what some traders see as a potential reversal setup.

Market structure suggests patience prevails, with most participants looking past short-term noise to focus on how the market resolves this liquidity imbalance. The $0.117 level now serves as a litmus test for whether DOGE can stage a meaningful recovery.

Bybit, Mantle, and Byreal Launch Mantle Super Portal to Bridge $MNT Across Ethereum and Solana

Bybit, Mantle, and Byreal have unveiled the Mantle Super Portal, a cross-chain infrastructure designed to facilitate seamless capital movement between ecosystems. The initiative expands $MNT's reach to Solana, enhancing CeDeFi accessibility.

Users can now bridge $MNT from ethereum to Solana via a unified interface, deploy liquidity into Solana-native DeFi markets on Byreal, and engage in trading and incentive programs on Bybit Alpha. This integration creates a continuous liquidity flow between on-chain and exchange-based markets.

The launch marks a pivotal step in Mantle's multichain strategy, positioning $MNT as a cross-ecosystem asset bridging Ethereum Layer 2, Solana DeFi, and centralized exchange infrastructure. Mantle Super Portal abstracts technical complexity, enabling fast, low-friction transfers of $MNT across chains.