Dogecoin Slides as Whale Selling Deepens Downside Risk
Dogecoin’s downside risks have increased. An earlier report said DOGE fell about 7.6% in a week to roughly $0.0802, breaking below the $0.081 level despite reported whale accumulation of around 600 million DOGE since Oct. 12. That price zone had been a major cost-basis area, but it did not hold as support.
In the later update, DOGE traded near $0.075 after five consecutive weekly declines. Wallets holding 10 million to 100 million DOGE had sold about 120 million tokens since Thursday, while smaller whale groups accumulated roughly 100 million. This buying has not offset the larger holders’ selling, and on-chain indicators point to continued pressure.
DOGE is below its 50-day, 100-day and 200-day exponential moving averages, near $0.082, $0.083 and $0.090. A move above $0.079 could be an early recovery signal, but resistance lies from $0.082 to $0.090. The key support is now $0.068; a daily close below it could expose Dogecoin to further losses. Earlier chart analysis also flagged liquidation concentrations near $0.0773 and $0.0844. Traders are watching whether DOGE can reclaim nearby resistance or whether persistent selling drives another test of support.
Bearish
The combined signals are bearish for DOGE, particularly in the near term. The earlier report showed the price breaking below $0.081 despite substantial reported accumulation, suggesting that buying at that stage was not enough to defend a key cost-basis zone. The later update adds evidence of distribution: wallets holding 10 million to 100 million DOGE sold about 120 million tokens, outweighing roughly 100 million DOGE accumulated by smaller whale groups. DOGE has also fallen to around $0.075 after five straight weekly losses and remains below its 50-day, 100-day and 200-day EMAs, while momentum and on-chain signals remain weak.
Traders may treat $0.079 as an initial recovery threshold and the $0.082–$0.090 range as a broader resistance zone. Failure to reclaim these levels could keep sellers in control and bring the $0.068 support into focus; a daily close below it would increase the risk of further losses. Earlier liquidation concentrations near $0.0773 and $0.0844 may also contribute to short-term volatility as price approaches those areas. A sustained recovery above resistance, supported by renewed demand and a change in whale flows, could improve the outlook. However, the reported accumulation alone is not a reliable reversal signal, and persistent selling leaves the short-term balance of risk to the downside. Longer term, the direction will depend on whether demand can absorb large-holder supply and DOGE can regain its key moving averages.