Dogecoin Faces Breakdown Risk Below $0.15 While Whales Exit and ETF Hype Fades

Dogecoin (DOGE) is displaying renewed weak spot after every week of heavy whale distribution and technical breakdowns that erased a lot of its latest restoration. As merchants brace for additional declines, analysts warn that the meme coin may tumble under the $0.15 threshold if bearish sentiment persists.

Currently buying and selling at round $0.163, Dogecoin fell 5% to $0.16 on Tuesday, breaking under vital assist ranges amid intensified institutional promoting. On-chain information reveals that enormous holders offloaded greater than 1 billion DOGE previously week, translating to roughly $440 million in outflows.

1 Billion DOGE Sell-Off Intensifies Selling Pressure

The latest $1 billion sell-off got here after repeated failures to interrupt resistance between $0.18 and $0.19, sparking a steep correction. Trading quantity surged 94% above common, hitting 2.05 billion DOGE on the peak of the decline, confirming broad distribution from main wallets.

Analysts observe that the DOGE value briefly stabilized close to $0.155, however the rebound lacked momentum, with decrease highs forming a descending sample, a basic sign of sustained bearish stress.

The Relative Strength Index (RSI) stays at 40.5, indicating reasonable bearish momentum, whereas the Moving Average Convergence Divergence (MACD) stays destructive. An extra dip under RSI 40 may set off stronger draw back strikes.

Technical Breakdown Confirms Bearish Outlook

Dogecoin’s charts now mirror a full breakdown from a multi-week triangle sample, with value motion trapped under all main exponential shifting averages (20, 50, 100, and 200-day). The EMAs have flipped into overhead resistance, reinforcing a bearish market construction.

Analysts establish $0.15 as the following key assist stage. Failure to carry this zone may expose DOGE to deeper draw back targets close to $0.13, whereas a sustained shut under $0.150 would affirm a clear breakdown. On the upside, bulls should reclaim $0.189 and maintain above the EMA cluster to sign any significant reversal.

Dogecoin ETF Momentum Stalls Amid Broader Market Fatigue

Adding to the uncertainty, Bitwise and Grayscale are reportedly advancing their Dogecoin ETFs below new guidelines that permit automated itemizing after assembly trade requirements, bypassing direct SEC approval.

However, optimism round these merchandise has but to translate into market energy, as investor enthusiasm seems muted following weeks of value weak spot.

For now, Dogecoin trades inside $0.16 with bearish quantity dominance. Unless consumers regain management above $0.165–$0.17, analysts warning that DOGE may prolong its slide towards the $0.13–$0.10 vary within the coming classes, marking a possible retest of multi-month lows.

Cover picture from ChatGPT, DOGEUSD chart from Tradingview