Altcoins News
By Pankaj K
1 / 11
Dogecoin [DOGE] is once again under pressure, trading back near the crucial $0.17 support level after a sharp correction from its May highs.
2 / 11
The movement of this large volume suggests that some holders, likely those who bought in earlier during the rally, are now seeking an exit at breakeven prices.
3 / 11
A deeper dive into on-chain data paints a concerning picture. Roughly 30% of all DOGE addresses are now in the red, with acquisition prices higher than the current trading range…
4 / 11
This shift has already triggered a wave of capitulation, particularly among short- to mid-term holders.
5 / 11
Interestingly, long-term holders appear to be sitting tight. The panic seems largely isolated to the more speculative end of the market—those who bought in during the last few…
6 / 11
As DOGE attempted to reclaim higher levels recently, it ran into resistance at $0.25. This was the moment when short-term metrics began to shift significantly.
7 / 11
Another concerning signal comes from the HODL Waves, which track how long coins are held before being moved.
8 / 11
This trend points to a weakening of conviction among mid-term investors, which could further destabilize DOGE’s price if selling continues.
9 / 11
Technically, the price remains vulnerable unless there is a strong rebound backed by renewed buying interest. Reclaiming the $0.
10 / 11
If more smart money begins to fold rather than hold, the support zone could give way to lower price levels.
11 / 11
For now, the market is at a critical juncture. The next few days will likely determine whether Dogecoin can defend its key support and stage a recovery—or if distribution…
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