Dogecoin drops to $0.18 as long-term holders sell off, 'death cross' price action appears!

ELON 2025-11-8 09:05 72963人围观 DOGE

The drop comes amid deteriorating technicals and increased selling activity from big money positions What you need to know: Dogecoin drops 2.3% to 0.1827 The dollar fell below key support as whale allocations increased and long-term holders exited. The cr

The decline comes amid deteriorating technical conditions and increased selling activity from large positions

what you need to know：

Dogecoin fell 2.3% to $0.1827, falling below key support as whale allocations increased and long-term holders exited.
The cryptocurrency’s technical indicators have turned bearish, with a “death cross” formation adding to downside risks.
Traders are eyeing the $0.1830 to $0.1850 range, and failure to hold $0.177 could lead to a drop to near $0.14.

Dogecoin fell 2.3% to $0.1827 during Tuesday’s trading session and fell decisively below the key support level of $0.1830 as whales accelerated allocations and long-term holders began to exit their positions.

news background

In 24 hours, Dogecoin (DOGE) fell from $0.1870 to $0.1827, with a range of $0.0070, marking its third consecutive trading day with new lows.

Price action summary

After three failed attempts above $0.1860, the price started declining and resistance at this level consolidated. Selling pressure continued to be strong throughout the U.S. trading session, exacerbated by algorithmic trading activity.

While short-term traders attempted to hold on to the $0.1830 mark, wallet data from long-term traders showed a significant shift in their trading behavior – a clear shift from accumulation to selling.

On-chain indicators confirmed this trend: within 72 hours, medium-sized whales holding 10 to 100 million DOGE sold 440 million DOGE. The net position change indicator shows that DOGE outflows reached 22 million, reversing 36% from the previous accumulation trend and recording the largest decline in the past month.

technical analysis

Dogecoin’s technical pattern has confirmed a shift to a downtrend after it fell below the $0.1830 support level. In late October, a "death cross" pattern formed between the 50-day and 200-day moving averages, and the 100-day moving average is heading toward a similar crossover -- both reinforcing the downtrend.

Cost basis analysis shows that there is ample liquidity in the range of $0.177 to $0.179, with approximately 3.78 billion tokens concentrated here. This area is currently the next key defensive area for bulls.

At the same time, volume analysis highlights the continued activity of institutional trading: volume surged by 274.3 million coins during the sell-off, followed by a surge of 15.5 million coins, indicating that the distribution may have entered its final stages before a bottom may begin to form.

What traders should pay attention to

Dogecoin price is in a fragile state after falling. The $0.1830-$0.1850 range is still a key turning point in the near future. If it cannot hold $0.177, it may drop to $0.14, the next important liquidity resistance level.

Analysts warn that only a sustained recovery of $0.1860 accompanied by above-average trading volumes can reverse the current bearish situation. Until then, traders viewed short-term rallies as exit opportunities rather than signals of a trend reversal.

Whale trading activity remains a key watch: a sharp decline in the number of large trades would signal the end of the distribution phase and the beginning of potential accumulation near cost base support.
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