DOGE drops to $0.18 amid long-term holder exits and a looming death-cross price pattern.

Dogecoin Slides Below Key Support as Whales Sell and Technicals Turn Bearish

Dogecoin (DOGE) fell 2.3% to $0.1827 on Tuesday, breaking below critical support at $0.1830 as large holders increased selling and technical momentum weakened further.

The move marked DOGE’s third straight session of lower highs, extending a multi-day pullback that’s seen long-term holders rotate out of positions and short-term traders fail to sustain any rebound above $0.1860.

Whale Distribution Accelerates

On-chain data shows heavy distribution across major wallets. Mid-tier whales holding 10 million–100 million DOGE sold roughly 440 million tokens in the past 72 hours, according to blockchain analytics.

The Hodler Net Position Change metric turned negative, with 22 million DOGE in outflows — a 36% reversal from recent accumulation trends and the largest decline in nearly a month.

Technical Structure Weakens

The breakdown confirms a bearish technical setup. A “death cross” between the 50-day and 200-day EMAs appeared in late October, with the 100-day EMA on track to cross lower as well — typically viewed as a signal of prolonged downside risk.

Liquidity data shows roughly 3.78 billion DOGE concentrated between $0.177–$0.179, forming the next key support range for bulls. Meanwhile, trading volume spiked to 274 million DOGE, followed by an additional 15 million burst during the selloff — activity that may indicate the final stage of distribution before a potential base forms.

Outlook: Key Levels Ahead

Analysts see $0.1830–$0.1850 as the immediate resistance zone, while a break below $0.177 could expose DOGE to deeper losses toward $0.14, where major liquidity next resides.

A sustained recovery above $0.1860 with rising volume would be needed to negate the current bearish bias. Until then, most traders view short-term bounces as exit opportunities rather than reversal signals.

Whale behavior remains the key watchpoint: a meaningful drop in large-transaction activity could mark the end of the current distribution phase and the beginning of renewed accumulation near cost-basis support.

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