Dogecoin Latest Updates: Massive Whale Sell-Off Triggers DOGE Plunge as $0.18 Floor Collapses
- Dogecoin fell below $0.18 as whale selloffs and institutional offloading intensified, triggering bearish momentum. - On-chain data showed 440M DOGE liquidated by mid-tier holders, with technical indicators like death crosses confirming downward pressure. - Analysts warn $0.18 support failure could drive prices toward $0.07, while top-tier holders increased supply share to 19.46% amid selloff. - Upcoming $17.8M DOGE unlocks and Fed policy trajectory may influence volatility, with traders treating rallies
Dogecoin has dropped below the important $0.18 support, with increased selling pressure from large investors and institutions signaling a deepening distribution trend.
Technical signals point to continued weakness. In late October, a "death cross" appeared as the 50-day EMA crossed below the 200-day EMA, and the 100-day EMA is close to forming a similar pattern, according to
This decline stands in contrast to the broader crypto market, where
Market participants are watching to see if buyers can maintain support at $0.18, which marks the lower edge of an upward channel that has been in place since mid-August. A strong bounce above $0.1860, especially with higher volume, could reverse the negative trend, but sentiment remains cautious. Analyst Ali Martinez commented, "If $0.18 fails to hold, DOGE could fall toward $0.07, but a successful defense might spark a rally to $0.26 or $0.33." Futures data shows open interest has dropped 61% from October highs, suggesting most leveraged traders have exited.
Looking ahead, $17.8 million in DOGE is set to be unlocked in late November, according to
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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