Dogecoin (DOGE) Price News: Slides 7.5% to $0.18, Triggering Technical Breakdown
Dogecoin dropped 6.8% to break below the key $0.18 support level amid heavy whale outflows and increased trading volume.Summary
Dogecoin (DOGE) experienced a sharp 6.8% decline, falling from $0.1934 to $0.1803 and breaking below the critical $0.18 support level, despite expectations for Q4 rallies. This breakdown was accompanied by a 44% surge in trading activity above the seven-day average, with on-chain data revealing over $29 million in large transactions, including a significant transfer to Binance from a dormant whale address. Technically, the price action confirmed an ascending wedge failure, signaling a shift toward a distribution phase, and DOGE underperformed the broader crypto market. Traders are now watching closely to see if the $0.18 base can be defended, as relief rallies are expected to meet selling pressure until a confirmed reclaim above $0.19 restores technical stability.
(Source：CoinDesk)