Dogecoin drops to 0.085 as whales shed 100 million coins—are you still holding your long?
DOGE is hovering around 0.085, down more than 11% this week.
Santiment data shows that wallets holding 1 million to 100 million DOGE have shed a combined 100 million tokens since Tuesday. Whales are pulling back.
But whale selling doesn’t mean they’ve dumped everything. Changes in wallet balances don’t prove those coins have been sold on exchanges. One thing is clear, though: big holders are reducing their risk exposure, while you’re still holding on.
CryptoQuant’s indicators are more direct: both spot and futures markets have shown signs of overheating, with sellers in control of the futures market.
But CoinGlass points to a conflicting signal: DOGE’s long-to-short ratio is 0.90, near a one-month high. The funding rate is positive at 0.0010%. Some traders are betting on a rebound.
Who’s making the smarter move: those betting on a rebound, or spot-market whales cutting their positions?
Technically, DOGE is testing support at 0.084. A daily close below that level would put 0.078 in view, followed by 0.070. The RSI is around 40, suggesting weak momentum. The MACD is still in negative territory. Resistance sits at the 100-day moving average at 0.086 and the 50-day moving average at 0.088. A rebound won’t have a chance until DOGE breaks above the 200-day moving average at 0.093. More significant resistance lies at 0.102.
DOGE has fallen from around 0.095, leaving the golden cross—the first to appear in 14 months—struggling under the pressure of this pullback.
Did you get in because of that golden cross? Did you think DOGE was about to take off? At 0.085, how much are you down?
Whales have cut their holdings by 100 million coins. Are you adding to your position or just holding on?
If you’re underwater or close to liquidation, stop comforting yourself with “DOGE will go up again.” Get in touch, and I’ll help you work out whether you should hold or get out at this price.
DOGE is hovering around 0.085, down more than 11% this week.
Santiment data shows that wallets holding 1 million to 100 million DOGE have shed a combined 100 million tokens since Tuesday. Whales are pulling back.
But whale selling doesn’t mean they’ve dumped everything. Changes in wallet balances don’t prove those coins have been sold on exchanges. One thing is clear, though: big holders are reducing their risk exposure, while you’re still holding on.
CryptoQuant’s indicators are more direct: both spot and futures markets have shown signs of overheating, with sellers in control of the futures market.
But CoinGlass points to a conflicting signal: DOGE’s long-to-short ratio is 0.90, near a one-month high. The funding rate is positive at 0.0010%. Some traders are betting on a rebound.
Who’s making the smarter move: those betting on a rebound, or spot-market whales cutting their positions?
Technically, DOGE is testing support at 0.084. A daily close below that level would put 0.078 in view, followed by 0.070. The RSI is around 40, suggesting weak momentum. The MACD is still in negative territory. Resistance sits at the 100-day moving average at 0.086 and the 50-day moving average at 0.088. A rebound won’t have a chance until DOGE breaks above the 200-day moving average at 0.093. More significant resistance lies at 0.102.
DOGE has fallen from around 0.095, leaving the golden cross—the first to appear in 14 months—struggling under the pressure of this pullback.
Did you get in because of that golden cross? Did you think DOGE was about to take off? At 0.085, how much are you down?
Whales have cut their holdings by 100 million coins. Are you adding to your position or just holding on?
If you’re underwater or close to liquidation, stop comforting yourself with “DOGE will go up again.” Get in touch, and I’ll help you work out whether you should hold or get out at this price.