“DOGE Sinks 8% Before Whale Buying Halts Drop at $0.25”

Dogecoin Falls 8% as Whale Selling Hits $0.27, Stabilizes Near $0.25
8/10/2025

Dogecoin (DOGE) declined 8% on Tuesday, pressured by whale selling at $0.27 resistance before institutional buyers stepped in near $0.25, preventing a deeper slide. A billion-token liquidation marked the session’s lows, but late trading volume indicated accumulation, hinting at a potential support base.

Market Context
Global macro conditions continue to weigh on crypto. Traders are pricing in almost certain global monetary easing by year-end, boosting volatility for high-beta assets like DOGE. Despite retail-driven swings, structural factors such as ETF filings from Grayscale and Bitwise maintain institutional attention on DOGE. Mining investments in 2025 also reinforce long-term confidence, signaling that whales are accumulating with a multi-cycle view.

Price Action

• Resistance: $0.27 remained the ceiling, confirmed by 632.9M in volume.
• Decline: DOGE dropped 5% between 13:00–15:00 UTC, with over 1 billion tokens changing hands.
• Support: $0.25 absorbed selling pressure, with whale accumulation and short-covering stabilizing price.
• Recovery: Late-session purchases of 30M DOGE helped push the price up 1% from the intraday lows, forming a double-bottom that suggests a potential base.
• Range: The 24-hour trading range of $0.144 (4.8%) reflects fragile order books and heightened intraday volatility.

Technical Analysis

• Resistance: $0.27–$0.28 remains the key barrier; sustained closes above are needed to shift momentum.
• Support: $0.25 is critical; a break could open the path to $0.24.
• Pattern: Symmetrical triangle structure points to a potential breakout range of $0.30–$0.47.
• Momentum: The late-session accumulation signals short-term stabilization, though the trend remains capped below $0.27.

What Traders Are Watching

• Whether $0.25 can hold as structural support.
• The implications of whale accumulation on future volatility.
• SEC decisions on DOGE-linked ETFs and potential institutional flows.
• Macro developments impacting high-beta crypto assets.
• Breakout signals from the current symmetrical triangle pattern, with $0.30 as the next key target.