$DOGE broke $0.060 today — and the sellers aren't retail.
Day low $0.05954, the lowest since October 2023. Now $0.06047, -6.9% on the day (Finnhub, 17:25 UTC).
Your chart won't show you this: wallets holding 100k–100M DOGE sold about 750M tokens since 3 Nov (Santiment). Big holders walked out while DOGE was still trading above $0.065.
Leverage is quitting too — open interest $825.7M, down 5.5% in 24h, and $12.0M liquidated in a day, 92% of it longs (CoinPerps). Funding has flipped slightly negative, so shorts now pay longs.
SHIB is doing the same — $0.00000398 now, under its $0.00000405 line (Finnhub, 17:25 UTC).
I'm leaning bearish. A daily close back above $0.06301 kills that view — until then $0.060 is resistance, not a floor. Break $0.05954 and DOGE prints fresh three-year lows with no tested floor nearby.
$DOGE at $0.060 — dip-buy, or wait for the reclaim?
Not financial advice. DYOR.
#DOGE #Memecoins #CryptoTrading
Day low $0.05954, the lowest since October 2023. Now $0.06047, -6.9% on the day (Finnhub, 17:25 UTC).
Your chart won't show you this: wallets holding 100k–100M DOGE sold about 750M tokens since 3 Nov (Santiment). Big holders walked out while DOGE was still trading above $0.065.
Leverage is quitting too — open interest $825.7M, down 5.5% in 24h, and $12.0M liquidated in a day, 92% of it longs (CoinPerps). Funding has flipped slightly negative, so shorts now pay longs.
SHIB is doing the same — $0.00000398 now, under its $0.00000405 line (Finnhub, 17:25 UTC).
I'm leaning bearish. A daily close back above $0.06301 kills that view — until then $0.060 is resistance, not a floor. Break $0.05954 and DOGE prints fresh three-year lows with no tested floor nearby.
$DOGE at $0.060 — dip-buy, or wait for the reclaim?
Not financial advice. DYOR.
#DOGE #Memecoins #CryptoTrading
