- 440 million DOGE sold in 72 hours triggered selling pressure.
- DOGE trades near $0.1866 with key support at $0.182 and $0.205 resistance.
- Analysts expect a bullish pattern forming toward November 2025 breakout.
Dogecoin’s price has experienced heightened activity following substantial transactions by whales. According to analyst Ali Martinez, about 440 million DOGE were sold within 72 hours. Data from Santiment shows a sharp reduction in holdings among wallets containing between 10 million and 100 million DOGE.
This selling activity coincided with a downward price movement, suggesting that large holders may have taken profits during market volatility. The event added pressure on short-term sentiment across the Dogecoin market while trading volume also remained elevated.
Technical Levels and Chart Signals
At press time, Dogecoin is trading at $0.1866, representing a 6.18% decline over the past week. The chart indicates immediate support near $0.182 and resistance around $0.205.
Analyst VegetaCrypto1 noted that Dogecoin must “see acceptance above $0.18” to signal a stronger move upward. The chart also identifies $0.14 as a critical level of interest, which may act as support if selling continues. Sustained trading above $0.18 could open a path toward the $0.30 zone, showing a possible 127% price increase.
Analyst Predicts Breakout Pattern by 2025
Meanwhile, galaxyBTC shared that Dogecoin is currently forming an ascending triangle similar to the 2020 structure that preceded its 2021 rally. The chart features converging resistance and support lines, with potential for a breakout by November 2025.
The pattern comparison suggests a cycle-based recovery scenario if Dogecoin maintains its current formation. “November might be the month DOGE starts barking,” the analyst said, implying a gradual buildup of market momentum.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
