The crypto market is bleeding again — over $250B vanished in 24 hours, with $BTC sliding below $104.5K and altcoins following suit. But the spotlight is on Dogecoin ($DOGE), where whale wallets have offloaded billions in tokens, triggering fears of a drop toward $0.10.
📉 Whales Exit, Liquidity Tightens
On-chain data from Santiment shows steady outflows from wallets holding 10M–100M DOGE, a cohort often linked to market makers and early accumulators. Since mid-October, this group has cut exposure sharply, pushing DOGE below $0.18. Analysts suggest this could be strategic risk management ahead of volatility spikes rather than pure capitulation — yet the effect on sentiment is unmistakable.
📊 Key Levels to Watch
DOGE recently broke below a critical 2024 support near $0.16, testing the 200-day EMA — a level that historically marks either deep consolidation or fresh accumulation zones.
Indicators confirm the bearish tilt:
- RSI < 50, showing weakening buying momentum.
- CMF ≈ 0, signaling liquidity drying up.
- MACD bearish, confirming momentum loss.
If whales keep trimming and $BTC fails to rebound, DOGE could revisit $0.12–$0.10 before any sustainable bounce.
💡 Smart Money or Panic?
Interestingly, deviation between RSI and CMF hints at institutional accumulation under pressure, often a precursor to reversal phases. Should RSI reclaim 50 and CMF turn positive, inflows from both whales and retail traders may drive a recovery toward $0.18–$0.20.
🔥 Outlook
For now, Dogecoin trades in a fragile equilibrium — too weak for a breakout, yet too resilient for collapse. The next move will depend on macro sentiment and Bitcoin’s stabilization above $102K.
Range to watch: $0.14–$0.18
Risk zone: Below $0.12
Opportunity zone: Accumulation near $0.10 if broader liquidity returns.
🐾 Dogecoin may be wobbling, but its meme-fueled community has defied gravity before — and few would bet against that history repeating.
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