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

Dogecoin (DOGE) is showing renewed weakness after a week of heavy whale distribution and technical breakdowns that erased much of its recent ￰0￱ traders brace for further declines, analysts warn that the meme coin could tumble below the $0.15 threshold if bearish sentiment ￰1￱ Reading: Valuation Model That Puts XRP Price Above $18,000 Stuns Community Currently trading at around $0.163, Dogecoin fell 5% to $0.16 on Tuesday, breaking below critical support levels amid intensified institutional selling. On-chain data reveals that large holders offloaded more than 1 billion DOGE in the past week, translating to roughly $440 million in outflows. 1 Billion DOGE Sell-Off Intensifies Selling Pressure The recent $1 billion sell-off came after repeated failures to break resistance between $0.18 and $0.19, sparking a steep ￰2￱ volume surged 94% above average, hitting 2.05 billion DOGE at the peak of the decline, confirming broad distribution from major ￰3￱ note that the DOGE price briefly stabilized near $0.155, but the rebound lacked momentum, with lower highs forming a descending pattern, a classic signal of sustained bearish ￰4￱ Relative Strength Index (RSI) remains at 40.5, indicating moderate bearish momentum, while the Moving Average Convergence Divergence (MACD) remains negative.

A further dip below RSI 40 could trigger stronger downside moves. DOGE's price trends to the downside on the daily chart.). The EMAs have flipped into overhead resistance, reinforcing a bearish market ￰5￱ identify $0.15 as the next key support ￰6￱ to hold this zone could expose DOGE to deeper downside targets near $0.13, while a sustained close below $0.150 would confirm a clean ￰7￱ the upside, bulls must reclaim $0.189 and hold above the EMA cluster to signal any meaningful ￰8￱ ETF Momentum Stalls Amid Broader Market Fatigue Adding to the uncertainty, Bitwise and Grayscale are reportedly advancing their Dogecoin ETFs under new rules that allow automatic listing after meeting exchange standards, bypassing direct SEC approval.

However, optimism around these products has yet to translate into market strength, as investor enthusiasm appears muted following weeks of price ￰9￱ Reading: Pundit Highlights Major Move For XRP And RLUSD, Will Price Follow? For now, Dogecoin trades within $0.16 with bearish volume ￰10￱ buyers regain control above $0.165–$0.17, analysts caution that DOGE could extend its slide toward the $0.13–$0.10 range in the coming sessions, marking a potential retest of multi-month ￰11￱ image from ChatGPT, DOGEUSD chart from Tradingview