Dogecoin Nears Key Support Zone as Whales Offload Billions in Tokens

• Whale selling intensifies: Large holders dumped approximately 7 billion DOGE, contributing to synchronized downward pressure on the price since mid-September.

• Price slides to support: After failed rallies to $0.26, Dogecoin now tests the $0.135-$0.150 range amid subdued buyer activity.

• Market cap volatility: The asset’s valuation dipped to $21 billion mid-week before a partial rebound, reflecting declining trading volume and participation.

Dogecoin support zone weakens as whales sell billions in DOGE, pushing price toward $0.14. Analyze charts, market cap trends, and expert insights for trading strategies. Stay updated on crypto volatility—read more now!

What Is Causing Dogecoin to Fall Toward Its Key Support Zone?

Dogecoin is experiencing significant downward pressure primarily due to substantial selling by large holders, known as whales, who have offloaded nearly 7 billion tokens over the past month. This activity has eroded the asset’s market structure, reversing earlier bullish momentum and driving the price back to a pivotal support zone between $0.135 and $0.150. Market data indicates weakening buyer participation, with the overall market cap fluctuating near $21-22 billion recently.

How Has Whale Activity Impacted Dogecoin’s Recent Price Movement?

Analyst Ali_charts highlighted that addresses holding between 10 million and 100 million DOGE have steadily reduced their positions, leading to a net sale of about 7 billion tokens since mid-September. This redistribution correlates directly with the price decline, as the asset failed to maintain recoveries above $0.15. By late November 2025, both whale balances and the price reached multi-month lows, underscoring a lack of accumulation interest among major players. Expert observations from platforms like Twitter note this pattern as a classic sign of distribution phases in meme coins, where high-volume sales amplify volatility without underlying fundamental support. Trading volume has also decreased by over 20% in the same period, per aggregated exchange data, further pressuring the price downward.

Price action has shown repeated rejections at higher levels, settling near $0.143 as of late November. This synchronized whale behavior suggests that without a shift in sentiment, the support zone could face testing, potentially leading to deeper corrections if breached.

Dogecoin falls toward a key support zone as whales offload billions of tokens, market cap weakens, and charts signal fading momentum.

• Whales sold nearly 7 billion DOGE over a month, creating synchronised pressure that pushed the asset toward its weakest point through late November.
• Chart updates showed Dogecoin sliding back to a pivotal support range after prior bullish cycles failed to hold momentum against persistent selling activity.
• Market cap tracked sharp mid-week declines near $21 billion before a mild recovery, reflecting reduced trading strength and weaker buyer participation overall.

Dogecoin continues to face downward pressure as large holders reduce exposure while price action returns to a key support region. Market data shared across multiple analyst posts shows weakening structure through late November.

Whale Activity and Market Behavior

Dogecoin saw renewed attention after analyst Ali_charts reported that almost 7 billion DOGE were sold or redistributed by large wallets over the past month. His analysis indicated a steady decline in holdings among addresses containing 10 million to 100 million DOGE.

This steady reduction moved in step with the falling price. The downward trajectory began in mid-September and extended into late November.

Price movement repeatedly slipped after brief recovery attempts, settling near the $0.143 level. This pattern formed as whales continued trimming positions.

By November, both the balance held by this cohort and the market price reached their weakest points in the dataset. The synchronized drop suggested that major holders were not seeking renewed exposure during the period.

How Is Dogecoin’s Market Structure Evolving Amid the Downtrend?

Dogecoin’s technical structure has shifted from earlier optimism to caution, with two prominent bullish cycles in 2025 giving way to a sustained downtrend. These cycles previously drove the price to peaks around $0.25 and $0.26, supported by accumulation in lower ranges, but recent selling has dismantled that foundation. Now, the asset is retesting a crucial support area, where historical data shows potential for stabilization or breakdown.

What Role Do Support Levels Play in Dogecoin’s Current Price Dynamics?

According to insights from BitGuru, Dogecoin has returned to a key support zone spanning $0.135 to $0.150, with specific buying interest emerging around $0.14682. This level represents a confluence of prior lows and moving average supports, making it a focal point for traders. If held, it could pave the way for a rebound toward the next resistance near $0.18; however, a break below might accelerate declines toward $0.12, as indicated by extended chart patterns. Volume analysis reveals that buyer attempts here have been tentative, with daily averages dropping 15-20% from October highs, per on-chain metrics from sources like Glassnode. Experts emphasize monitoring on-chain flows, as sustained whale selling could overwhelm retail interest in this volatile environment.

The broader market context, including Bitcoin’s consolidation, adds layers to Dogecoin’s challenges, as correlation remains high at over 0.8 during recent sessions. Professional traders advise caution, citing reduced liquidity as a risk factor for sharp moves in either direction.

Market Structure and Support Levels

Another market update from BitGuru noted that Dogecoin formed two bullish cycles earlier in the year before reversing into a consistent downturn. His daily chart showed two earlier accumulation zones that produced rallies toward $0.25 and $0.26 before momentum faded.

The recent structure revealed a return to a support zone between $0.135 and $0.150. BitGuru pointed to attempts by buyers to stabilize near $0.14682, although price movement remained subdued.

Market Cap Movement During the Week

A separate chart tracked Dogecoin’s market cap across a one-week window. The data showed repeated tests near the $24 billion to $25 billion range from November 18 to 19. Each attempt moved lower, suggesting that rallies lacked strength during the early session.

A sharper drop emerged around November 21 as the market cap slipped below $22 billion. The decline appeared more abrupt than earlier moves, pointing to faster selling over a short period. After reaching near $21 billion, the chart displayed a modest recovery that carried through November 23.

Even with the rebound, the market cap paused below $22.5 billion. Trading volume also tapered off, creating a slower pace as the week progressed. The structure showed a market attempting to stabilize while awaiting stronger participation.

Frequently Asked Questions

What triggered the recent whale selling in Dogecoin?

Whale selling in Dogecoin was triggered by profit-taking after earlier rallies and broader market uncertainty in late 2025. Data from on-chain trackers shows addresses with 10-100 million DOGE reducing holdings by 7 billion tokens since September, aligning with price drops to avoid potential losses in a cooling meme coin sector.

Will Dogecoin rebound from its current support zone?

Dogecoin could rebound from the $0.135-$0.150 support zone if buying volume increases and whale accumulation resumes, potentially targeting $0.18 resistance. However, persistent selling might lead to further downside; monitor Bitcoin trends and on-chain metrics for clearer signals on recovery prospects.

Key Takeaways

• Whale influence dominates: The offloading of 7 billion DOGE highlights how large holders shape short-term price direction in volatile assets like Dogecoin.
• Support zone critical: Holding above $0.135 is essential; a break could signal deeper corrections, while defense here may spark a near-term rally.
• Monitor volume trends: Declining trading activity underscores the need for stronger buyer engagement to reverse the downtrend effectively.

Conclusion

In summary, Dogecoin’s descent toward its key support zone stems from aggressive whale selling and fading bullish momentum, as evidenced by market cap dips to $21 billion and chart reversals from $0.26 highs. Analysts like Ali_charts and BitGuru provide valuable on-chain and technical insights into this phase. As 2025 progresses, investors should watch for signs of stabilization or renewed pressure, positioning accordingly to navigate the inherent risks in the Dogecoin market while exploring broader crypto opportunities.