Dogecoin (DOGE) Falls 10% to $0.17 as Whales Dump | Crypto News
In the past 24 hours, Dogecoin (DOGE)’s price slipped another 10% to $0.17, extending a weekly drop of more than 27% as on-chain data confirmed whales unloading roughly 360 million DOGE ($74 million).
The selloff arrived despite upbeat headlines around House of Doge’s plan to merge with a Nasdaq-listed company and Thumzup’s exploration of DOGE payouts for creators.
Initial pleasure pale rapidly as merchants framed both developments as early-stage slightly than immediately revenue-impacting, prompting profit-taking into skinny liquidity. Broader crypto weak point, Bitcoin and Ethereum also retreating, amplified stress on higher-beta meme cash like DOGE.
Dogecoin (DOGE) Levels Point to a $0.17 Support and $0.21–$0.23 Resistance
Technically, DOGE is testing a make-or-break band close to $0.17–$0.19, the decrease boundary of a multi-week channel flagged by a number of analysts. Holding this space might fuel a rebound toward $0.21–$0.23, where a dense cluster of shifting averages and prior provide capped every bounce this month.
A daily close above $0.221–$0.23 would invalidate the short-term descending construction and open room toward $0.25–$0.26, while failure to defend $0.17 dangers a slide to $0.16–$0.15.
Momentum gauges are cautious as RSI hovers close to 45, signaling waning shopping for strength, and derivatives show combined positioning, futures quantity up, but open curiosity and funding largely impartial, implying merchants anticipate volatility without a clear directional conviction.
What Could Flip the Trend
For a sturdy recovery, DOGE wants follow-through catalysts, not just headlines. Clear timelines on the House of Doge–Nasdaq merger (treasury operations, treasury measurement, income model) and a formal launch of Thumzup’s DOGE payouts would help convert narrative into flows.
On-chain, a slowdown in whale distribution and renewed exchange outflows would tighten circulating provide, while spot bid depth must improve around $0.18–$0.19 to take up shocks. Macro still issues: easing U.S.–China tariff rhetoric, enhancing risk urge for food, and steadier BTC dominance might re-ignite meme liquidity.
If bulls defend $0.17 and reclaim $0.21–$0.23 on rising quantity, a grind toward $0.25–$0.33 is back on the desk. If not, the trail of least resistance stays decrease in the close to time period. For now, merchants are treating rallies as tactical, and buyers are watching affirmation indicators before leaning back into the $1 long-term dream.
Cover image from ChatGPT, DOGEUSD chart from Tradingview
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