Dogecoin Drops 8% Before Whales Step In at $0.25 Support
8/10/2025
Dogecoin (DOGE) fell 8% on Tuesday, as whale selling into $0.27 resistance pushed the token lower before buying activity emerged near $0.25. A billion-token liquidation marked the session’s lows, but late trading indicated institutional accumulation, hinting at a potential support base.
Market Context
Macro headwinds continue to influence crypto markets, with traders pricing in nearly 98% odds of global monetary easing by year-end. High-beta assets like meme coins are particularly sensitive to shifts in liquidity, leading to amplified price swings.
Institutional interest in DOGE persists. ETF filings from firms such as Grayscale and Bitwise keep the token in focus beyond retail speculation, while investments in mining infrastructure signal long-term confidence among whales, supporting accumulation trends.
Price Action Summary
- Resistance: $0.27 acted as a ceiling, reinforced by 632.9M in volume.
- Decline: DOGE fell 5% between 13:00–15:00 UTC, with over 1 billion tokens exchanged.
- Support: $0.25 held strong, absorbing whale buying and short-covering, preventing deeper declines to $0.24.
- Recovery: Late-session purchases of 30M DOGE contributed to a 1% bounce from the lows, forming a double-bottom that signals a possible technical base.
- Trading Range: The 24-hour session spanned $0.144, or 4.8%, reflecting fragile order books.
Technical Outlook
- Resistance: $0.27 remains the key ceiling; sustained closes above it are needed to shift the trend higher.
- Support: $0.25 is critical; a break could open a path toward $0.24.
- Pattern: A symmetrical triangle suggests a potential breakout range of $0.30–$0.47 once momentum resolves.
- Momentum: Late-session accumulation points to short-term stabilization, though the overall trend remains capped below $0.27.
Traders Are Watching
- Whether $0.25 continues to hold or breaks toward $0.24.
- The impact of whale accumulation on near-term price action.
- Pending SEC decisions on DOGE-related ETFs and potential institutional flows.
- Macro conditions, including monetary policy expectations, affecting high-beta tokens.
- Breakout triggers from the symmetrical triangle structure, indicating a potential move toward $0.30.
