Dogecoin has fallen below the crucial $0.1248 support level, reaching $0.1226 as year-end selling pressure intensifies. The decline was accompanied by above-average trading volume, indicating significant market activity. Over the past five days, whale wallets have moved approximately 150 million DOGE, contributing to the downward pressure and limiting any potential upward momentum. Despite the weaker spot market, open interest in Dogecoin futures has surged past $1.5 billion, highlighting continued strong activity in the derivatives market. The current market dynamics suggest that bears are in control, as the cryptocurrency tests key support and resistance levels.