Dogecoin Faces Its Toughest Q4 In Years — Can a Late Bounce Save 2025?
Dogecoin's Q4 2025 performance is weak due to selling pressure from holders and whales, testing critical support near $0.17.Summary
Dogecoin is experiencing its most difficult fourth quarter in years, trading near $0.17 and struggling to maintain structure, contrasting sharply with strong Q4 performances in previous years (e.g., 44.2% gain in 2023, 176.6% in 2024).
The weakness stems from declining holder confidence, evidenced by short-term and long-term holders reducing their supply, increasing circulating coins. Furthermore, whale activity is mixed; wallets holding 10M to 100M DOGE have sold significantly since October 11, while the largest holders remain inactive, preventing unified upward momentum.
Technical indicators add pressure: the weekly On-Balance Volume (OBV) has broken its trend line, suggesting price rebounds lack genuine buying volume. Derivatives data shows extreme bearish positioning, with short liquidations over five times higher than long positions. Dogecoin is currently testing the lower trend line of its ascending channel near $0.17; a weekly close below this level could lead to a drop toward $0.15. However, a hidden bullish divergence on the RSI suggests a potential rebound toward $0.22 is possible if support holds, potentially aided by the anticipated Bitwise Spot ETF launch.
(Source：BeInCrypto)