Altcoins News

Story: Dogecoin Drops to $0.18 as Whales Sell and ‘Death Cross’ Emerges

By James Thorp

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Whale Distribution and Holder Rotation. The latest decline follows a noticeable shift in on-chain behavior.

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Technical Breakdown Below $0.1830 Support. Dogecoin’s chart structure has transitioned into a confirmed bearish phase.

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Key On-Chain and Volume Indicators. Despite the ongoing selloff, institutional and algorithmic trading activity remains elevated.

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Short-Term Outlook and Trader Sentiment. Traders are closely monitoring the $0.1830–$0.1850 band, which now serves as an immediate pivot…

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Whale Activity Remains the Key Watchpoint. The next phase of Dogecoin’s price behavior will likely depend on whale activity.

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Dogecoin (DOGE) extended its recent downtrend on Tuesday, slipping 2.3% to $0.1827 as large holders increased distribution and long-term investors exited their positions.

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The latest decline follows a noticeable shift in on-chain behavior. Data shows that mid-tier whales—wallets holding between 10 million and 100 million DOGE—offloaded…

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According to on-chain metrics, Dogecoin’s Hodler Net Position Change recorded an outflow of 22 million DOGE, marking a 36% reversal from previous accumulation trends.

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Market analysts say this behavior points to reduced conviction among large holders, particularly as traders prepare for potential volatility across the broader crypto market.

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A “death cross” pattern—where the 50-day moving average crosses below the 200-day moving average—was confirmed in late October.

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Short-term price action reflects the same trend. DOGE has recorded three consecutive sessions of lower highs, failing multiple times to reclaim the $0.1860 resistance level.

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Cost-basis analysis identifies a critical defense zone between $0.177 and $0.179, where approximately 3.78 billion DOGE tokens are concentrated.

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If Dogecoin fails to hold this level, the next major liquidity pocket lies near $0.14, where historical demand previously triggered a rebound earlier this year.

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Traders are closely monitoring the $0.1830–$0.1850 band, which now serves as an immediate pivot range. Analysts caution that only a sustained move back above $0.

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Until then, short-term rallies are being viewed as exit opportunities rather than bullish reversals.

The Currency Analytics

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