Dogecoin Experiences 5% Dip as Lower Highs Indicate Bearish Momentum

Dogecoin (DOGE) slid 5% to $0.21 after a whale moved 900 million DOGE (~$200M) to Binance earlier this week. Institutional selling contributed to the downward pressure as regulatory concerns and global macro uncertainty prompted funds to reduce meme-coin exposure.

DOGE traded in a narrow $0.011 range, with the sharpest move in the early morning GMT session, when 27.36 million tokens exchanged hands. Analysts highlight $0.21 as critical support and $0.23 as near-term resistance, while monitoring continued whale inflows and futures trends.