DOGE Under Pressure: Whales Offload as Key Support Level Approaches

TL;DR Dogecoin whales have resumed their selling spree, which could spell even further trouble for the meme coin’s future price ￰0￱ the same time, a popular analyst outlined the next key support zone if the one DOGE is fighting for now cracks. A lot can change in the cryptocurrency markets in the span of just a couple of weeks, and this is particularly true for the ever-volatile meme coin ￰1￱ leader spiked to $0.31 on September 14, which became a multi-month peak, and the community was excited about the prospect of another run toward $0.50. However, the tables quickly turned for the worse in the following two weeks, and DOGE plunged to $0.22 during this market-wide crash a few days ￰2￱ of press time, DOGE sits at just under $0.23, which is beneath the coveted $0.24 support ￰3￱ the asset fails to reclaim the latter, its next crucial support lies at $0.19, which could serve as the last line of defense before another plunge toward $0.15.

Dogecoin $DOGE could find support at $0.19 if it fails to reclaim $0.24 as support! ￰4￱ — Ali (@ali_charts) September 28, 2025 Aside from the overall negative sentiment in the cryptocurrency markets in the past week, what’s also particularly troubling for DOGE’s price is the controversial behavior of ￰5￱ large market participants that can impact the markets in a few different ways with their actions have started to dispose of DOGE ￰6￱ to Ali Martinez, they have sold off 40 million coins in just a day during the market-wide crash, which is in stark contrast to their buying wave earlier this week. Moreover, their holdings have dropped from over 11 billion tokens in mid-September to 10.75 billion as of now. 40 million Dogecoin $DOGE sold by whales in the last 24 hours! ￰7￱ — Ali (@ali_charts) September 27, 2025