Altcoins News

Story: Dogecoin Drops 8% as Whale Selling Pressures Price Below $0.18

By Evie Vavasseur

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Breakdown Below $0.18 Confirms Structural Weakness. Dogecoin’s decline from $0.1843 to $0.1697 over 24 hours marked a clear structural failure.

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Technical Structure Shows Bearish Continuation. The technical picture remains bearish for Dogecoin following the breakdown through the $0.

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Whale Activity Signals Broad Distribution. Whale behavior further supports the bearish case. Wallets holding between 10 million and 100…

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Momentum Indicators Show Oversold Conditions. Despite the bearish setup, some analysts see potential for a short-term technical bounce.

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What Traders Should Watch Next. Dogecoin’s immediate outlook depends on its ability to hold above $0.165 in the short term.

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Dogecoin (DOGE) faced a sharp selloff on Tuesday, tumbling 8% to $0.1697 as whales unloaded $440 million worth of tokens.

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The breakdown below the key $0.18 level confirmed a shift in market structure, suggesting sustained distribution from high-value wallets and a fading appetite for risk across the…

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Dogecoin’s decline from $0.1843 to $0.1697 over 24 hours marked a clear structural failure. The price fell through multiple support zones, reaching new monthly lows as selling…

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The fall followed a failed defense of the 0.236 Fibonacci retracement at $0.1787 — a critical technical level often watched by traders.

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Market flows turned notably negative, with on-chain data showing $22.27 million in daily outflows from major wallets. Futures turnover climbed 50% to $5.

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The technical picture remains bearish for Dogecoin following the breakdown through the $0.18 support area — a level defended since early October.

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Data showed the heaviest wave of selling occurred between 03:00–05:00 UTC, with trading volumes peaking above one billion DOGE during that window. Attempts to reclaim the $0.

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Whale behavior further supports the bearish case. Wallets holding between 10 million and 100 million DOGE dumped approximately 440 million tokens over the past three sessions —…

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The rapid reduction in whale holdings also points to growing caution in the broader altcoin market, as institutional participants take profits or reduce exposure amid rising…

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Despite the bearish setup, some analysts see potential for a short-term technical bounce. Dogecoin’s relative strength index (RSI) dropped to 34.

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