Dogecoin Slides 8% Before Whales Step In to Stabilize Price at $0.25
8/10/2025

Dogecoin (DOGE) fell sharply in Tuesday’s session, dropping 8% as whales sold into $0.27 resistance before stepping back near $0.25, where buying pressure helped stabilize the market. Over a billion tokens changed hands during the sell-off, yet late-session activity suggested smart money was accumulating, pointing to a potential technical base forming.

Market Context
Macro factors continue to influence DOGE’s price action. Traders are pricing in nearly 98% odds of global monetary easing by year-end, fueling volatility across FX and crypto markets. High-beta assets like meme coins remain particularly sensitive to liquidity shifts, amplifying price swings in both directions.

Institutional interest in DOGE persists through ETF filings by firms such as Grayscale and Bitwise, keeping the token relevant beyond retail-driven hype. On the mining front, continued infrastructure investments in 2025 signal confidence among whales and long-term participants, supporting accumulation and supply distribution trends.

Price Action Summary

• Resistance: DOGE encountered strong rejection at $0.27 on 632.9 million volume, establishing a clear near-term ceiling.
• Decline: The sharpest move occurred between 13:00–15:00 UTC, with DOGE falling 5% in two hours on over a billion tokens exchanged.
• Support: $0.25 acted as a structural floor, attracting whale accumulation and short covering, preventing a deeper drop toward $0.24.
• Recovery: A late-session rebound lifted DOGE about 1% from its lows, supported by consistent prints of 30 million DOGE at a time. A double-bottom formation reinforced the idea of a technical base.
• Range: The 24-hour span covered $0.144 (roughly 4.8%), one of the wider sessions recently, reflecting fragile order books.

Technical Analysis

• Resistance: $0.27 remains the immediate ceiling; multiple failed attempts underscore the need for a sustained close above this level to shift trend bias higher.
• Support: $0.25 continues to serve as key structural support; breaking it could open a path to $0.24.
• Volume: Daily averages around 500 million were eclipsed by liquidation spikes exceeding 1 billion, highlighting institutional distribution at highs.
• Pattern: A symmetrical triangle formation suggests a potential breakout range of $0.30–$0.47 once momentum resolves.
• Momentum: The late-session recovery confirms near-term accumulation, though the overall trend remains capped below $0.27.

What Traders Are Watching

• Whether $0.25 can hold as structural support or gives way to $0.24.
• The significance of whale accumulation of 30 million DOGE—whether it signals a cycle bottom or opportunistic buying before further volatility.
• The impact of pending SEC decisions on DOGE-linked ETF filings and their effect on liquidity and institutional positioning.
• Macro drivers, including easing expectations and inflation risks, and their influence on high-beta tokens.
• The current symmetrical triangle setup and potential breakout triggers—whether DOGE can reclaim $0.30 or remains capped under resistance.