Dogecoin Drops to $0.18 as Long‑Term Holders Begin Offloading

Jakarta, Pintu News – Dogecoin’s (DOGE) rise in early November appears weak, despite a slight increase of 1.2% as of November 1. The DOGE price is still down 5.9% in the past week and has almost plummeted 27% so far this month. Currently, on-chain data shows a trend of deepening sales.

The main question now: is Dogecoin’s support level of $0.17 – which has held since October 11, even during the previous bearish crossover – still tenable as long-term holders begin to exit? So, how will Dogecoin’s price move today?

Dogecoin Price Drops 1.81% in 24 Hours

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On November 3, 2025, Dogecoin experienced a 1.81% decline over the past 24 hours, trading at $0.1829 — approximately IDR 3,039. Throughout the day, DOGE fluctuated within a range of IDR 3,136 to IDR 3,030.

At the time of writing, Dogecoin’s market capitalization is estimated at around IDR 463.7 trillion, with a 24-hour trading volume of approximately IDR 16.11 trillion.

Base Cost Heatmap Shows the Last Line of Defense

On-chain data regarding the base cost highlights Dogecoin’s strongest short-term support area to be in the range of $0.177 to $0.179, where approximately 3.78 billion DOGE were last collected.

This price range is the largest accumulation area by long-term holders and has acted as a major buffer in some of the previous sell-offs.

The cost basis heatmap shows where the majority of investors last bought their tokens. These areas with a high concentration of long-term holders usually serve as price support or resistance zones.

However, this buffer is now rapidly weakening. Based on data from Glassnode, the Hodler Net Position Change indicator – which measures whether long-term wallets are adding or selling their holdings – saw a drastic change on October 31.

As of November 1, the numbers reversed from an inflow of +8.2 million DOGE to an outflow of -22 million DOGE. This shows a 367% reversal in behavior from accumulation to distribution.

This sharp change confirms that even wallets that have held DOGE for a long time are now starting to sell. If this trend continues, then the support cluster at $0.177-$0.179 could thin further, opening up the potential for a deeper decline against the foundations of the Dogecoin price since early October.

If the price falls below $0.17, the next support based on the new base cost will appear around $0.14, leaving a large gap that risks further losses.

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Lurking Death Cross Could Accelerate DOGE Price Decline

Dogecoin’s current price structure further reinforces the bearish narrative in terms of on-chain data. After the 50-day exponential moving average (EMA) crossed below the 200-day EMA in late October, the price of DOGE has continued to decline – marking the beginning of an ongoing downtrend.

The EMA itself is a trend indicator that helps smooth out price data to show market direction.

Now, a second, stronger death cross is forming, where the 100-day EMA is close to crossing below the 200-day EMA. Unlike the previous crossover, this one carries more weight as it involves a longer period of time, indicating continued market weakness, not just short-term volatility.

If this death cross does occur, it would confirm a deeper downward momentum and reinforce the bearish structure already formed. In this scenario, Dogecoin’s strongest support zone around $0.17 – previously propped up by the base fee heat map – could be broken, opening up the opportunity for a further decline towards $0.14, or about a 6% drop from where it currently stands.

As of November 1, 2025, DOGE is trading around $0.18, with immediate resistance at $0.20 and $0.21. To invalidate this bearish bias, the price needs to close daily above $0.21 – a level that has not been touched since October 13.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. DOGE Price On Thin Ice As Long-Term Holders Continue to Sell. Accessed on November 3, 2025