Dogecoin Whales Offload Billions in DOGE-Is the DOGE Price Rally at Risk of Plunging to $0.1?

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The winds of fate are not favorable for the crypto market, as if some invisible hand had decided to shake the very foundations of digital wealth. A staggering $250 billion has evaporated from the market in the past 24 hours, and in the last few hours alone, an additional $100 billion has been lost-perhaps a cruel reminder that the crypto heavens are just as volatile as the winds of fortune in Tolstoy’s tales. Bitcoin has now slipped below the mark of $104,500, with ominous whispers suggesting it might soon wander toward the crucial support at $102,436. As if in perfect harmony, the altcoins follow the same tragic path, their descent almost poetic in its inevitability. But the real drama, dear reader, lies with Dogecoin. This once-gleaming symbol of digital hope has not only followed the trend of despair but has also shattered one of its most important bullish patterns. Above $1, there are but faint whispers of support, leaving us to wonder whether the brave bulls will muster enough courage to hold their ground, or if the mighty DOGE will crumble to dust.

Whale Distribution Grows as DOGE Price Slips Toward Key Support Levels

Ah, the age-old tale of the mighty whale, who once filled the waters with their majestic presence but now swims away, leaving only ripples of despair behind. Dogecoin, much like a man walking through a cold winter’s night, is feeling the chill. As large wallet holders continue to reduce their exposure, the price, much like a weary traveler, falls below $0.18. This is no mere coincidence; it mirrors the broader downturn in the market-a reflection of the larger chaos that governs this financial landscape. And yet, some argue that this is mere strategy-an intelligent play of risk management before some unknown event. But as liquidity tightens and accumulation wanes, one must ask: Is the story of Dogecoin’s rise nothing more than a fleeting dream?

Take, for instance, the chart shared by analyst Ali. It tells a story of Dogecoin’s price falling in perfect synchrony with a slow and steady decline in holdings from those mighty whales, those who once hoarded millions of DOGE, now slowly parting with their treasure. This distribution has intensified since mid-October, adding weight to the argument that confidence among these great holders has waned. And when the giants of the market lose confidence, the little traders, those who have no shelter from the storm, often face great volatility. Unless, of course, the tide turns and accumulation resumes-a possibility that seems as likely as a miracle in a Tolstoy novel.

Dogecoin Price Analysis: Is DOGE Heading to $0.1?

In the latest chapter of this tragic tale, Dogecoin has broken a crucial support line-one that has stood as a stronghold since the dawn of 2024. In a moment of weakness, the price shattered this fortress, and though buyers rushed in to prevent further ruin, their efforts were like those of a soldier trying to hold an empire together as it crumbles. The question now is whether enough buyers remain to stem the tide. With the lower support range hovering around $0.12-and the very real threat of a drop below $0.1-one must wonder: Can the mighty DOGE rise again, or will it sink into the abyss?

The chart above presents the grim picture. Dogecoin’s price is headed toward the support at the 200-day weekly EMA at $0.156, where it has met resistance before. And, as history has taught us, whenever the price falls below this range, it consolidates-much like a weary traveler resting before the next leg of the journey. Yet, without the emergence of strong buying pressure, the situation is dire. The RSI, that once-reliable indicator, now languishes below 50, and the CMF, flatlining near zero, tells the tale of a market growing more and more like a barren landscape. Without liquidity, the chances of a recovery seem remote.

But hope is not entirely lost. The institutions, the great financial entities, may be silently accumulating, quietly preparing for the moment when the clouds part and the sun shines once more on this forsaken asset. For Dogecoin to rise again, the RSI must break above 50, and the CMF must turn sharply positive-a signal that the whales and the retail crowd are once again throwing their weight behind the coin.

Conclusion: Is Dogecoin Heading Toward $0.10?

In the end, the situation remains precarious. The pressure from large holders continues to build, and sentiment is fragile, like a broken man whose trust in the world has been shattered. Throughout November, Dogecoin has struggled to regain its former strength above $0.17, leaving traders to question whether the price can recover. The possibility of a drop toward $0.10 looms large, especially if Bitcoin and the other major players do not recover from their current lows.

Yet, just as the Russian winters are harsh, but the spring inevitably comes, so too may Dogecoin find solace in its community-driven nature. If market conditions stabilize and retail interest returns, DOGE could attempt a modest rebound. For now, however, it is most likely that Dogecoin will continue to hover between $0.14 and $0.18, as traders bide their time and wait for clearer signals from the heavens-or the charts, as it were. 🐾

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2025-11-04 12:13