House of Doge Hype Meets $130 Million Coin Dump — What Happens to the Price Next?
The much-hyped House of Doge announcement — a deliberate merger that might listing Dogecoin’s company arm on NASDAQ in early 2026 — briefly reignited optimism throughout the DOGE group. The hype round it helped the Dogecoin value rebound nearly 45% by October 13, recovering sharply from its “Black Friday” crash lows.
However, this restoration additionally grew to become an exit window. Key holder teams offloaded parts of their holdings, signaling that optimism could have come extra from hype than conviction. Over the previous 24 hours, the value has principally traded flat, prompting merchants to zoom in on the 4-hour chart for early indicators of Dogecoin’s subsequent transfer.
Whales and Long-Term Holders Exit Through and After the Rebound
Following the House of Doge buzz, on-chain information reveals that main wallets and long-term traders each diminished their positions considerably.
Whale wallets — these holding between 100 million and 1 billion DOGE — lowered their balances from 28.83 billion DOGE on October 13 (day of merger announcement) to 28.47 billion DOGE two days later. That’s roughly 360 million DOGE offered, price about $74 million at the present Dogecoin price.
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Meanwhile, the Holder Net Position Change, an indicator that tracks whether or not long-term traders are shopping for or promoting, remained unfavourable and worsened. Between October 9 and October 14, internet promoting grew from –48 million DOGE to –329 million DOGE, a transparent signal that even dedicated holders moved out. While the crash sentiment had a task to play, issues didn’t get significantly better even when the Black Friday jitters eased out.
Note: There’s one small optimistic: in contrast to October 12, when the determine sat close to –366 million DOGE, the present worth of –329 million DOGE means that some gradual shopping for could also be returning publish the merger information.
In complete, almost 640 million DOGE, valued at round $130 million, exited whale and holder wallets throughout and after the 45% bounce. The sample means that many took benefit of the non permanent power to lower publicity or lock in smaller losses.
Dogecoin Price Faces Key Test Near $0.20
On the 4-hour chart (used to find early development shifts). The Dogecoin price continues to commerce inside a descending triangle — a sample that normally alerts potential weak spot if consumers fail to defend key ranges. The higher resistance zone lies close to $0.206, and a day by day shut above it will point out short-term power.
However, all’s not bullish with the chart. The Relative Strength Index (RSI) — which measures momentum and identifies overbought or oversold circumstances — reveals a hidden bearish divergence. Prices have made decrease highs whereas RSI has made increased highs, suggesting fading shopping for energy. This type of divergence hints at a correction in the shorter time-frame.
However, $0.194 stays a crucial help line and a key base for the bearish triangle. A decisive break under this degree might open the method to deeper corrections. That would open ranges of $0.181 and even $0.149 for the Dogecoin value (appearing as different decrease bases for the descending triangle).
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