DOGE Slides Under $0.15 As Whale Transfers Plummet

Price Drop: DOGE fell below $0.15, trading around $0.13 amid broader crypto market weakness.

Whale Activity: Large-holder transactions hit a 60-day low, limiting potential short-term price recovery.

Technical Signals: MACD and RSI indicate bearish momentum, with support at $0.12 and resistance at $0.15.

Dogecoin’s DOGE is experiencing a sharp decline, trading around $0.13 after breaking below $0.15. The broader cryptocurrency market faces selling pressure, with Bitcoin weakness driving most moves. DOGE has fallen through critical support levels, including $0.14, as traders react to market conditions. Other major coins like Ethereum and Solana are showing similar bearish trends. With whale activity dropping to a 60-day low, the near-term outlook appears uncertain.

Whale Transfers Hit Lowest Level in Two Months

Large Dogecoin holders have reduced activity sharply, according to crypto analyst Ali Martinez. Transactions of $1 million or more fell from a recent peak of 38 down to just four. This decline highlights caution among major investors, as fewer whales participate in current price action. Reduced whale involvement may limit the likelihood of a strong rebound in the short term.

The drop in large transactions indicates uncertainty despite oversold conditions. Traders often rely on whale movements to confirm potential rallies. With minimal activity, momentum could remain muted until institutional or significant holders return. Market sentiment currently favors selling, reinforcing the bearish trend.

Technical Signals Confirm Bearish Pressure

Technical indicators are signaling continued downward momentum for DOGE. The MACD line has crossed below the signal line, suggesting selling pressure may persist. Meanwhile, the Relative Strength Index stands at 20, indicating oversold conditions. While oversold readings can attract buyers, they do not guarantee immediate recovery.Dogecoin currently trades 31.5 percent below its 200-day exponential moving average.

Historical recoveries often required prices to drop more than 40 percent below this trendline. Support levels now form at $0.12 and $0.10, while resistance sits at $0.14 and $0.15. If DOGE stabilizes above $0.14, momentum could push it toward $0.18. Failure to maintain levels above $0.15 could trigger further declines. Analysts note a potential Cup and Handle pattern forming on DOGE’s chart.

The cryptocurrency appears to be in the handle phase, which historically precedes upward movements. Completion of this pattern could set the stage for a price rebound if buying pressure returns. Despite current weakness, trading activity remains steady, showing that investors are still engaged. The combination of declining whale transfers and oversold technical indicators suggests cautious optimism.

Short-term traders may look for stabilization above $0.14, while long-term holders monitor patterns and support zones closely. Dogecoin faces near-term challenges, but the formation of technical patterns and established support levels offers potential for recovery. Reduced whale participation highlights uncertainty, yet market activity continues to provide trading opportunities. Watching resistance at $0.15 and key support zones will remain crucial for planning entries and exits.