Whales Dump 1 Billion DOGE as Dogecoin Struggles Under $0.17 Resistance

Jakarta, Pintu News – Dogecoin (DOGE) is entering a turbulent phase after whales reportedly sold more than 1 billion DOGE in the past week, according to market analyst Ali.

Whale DOGE Sells Over 1 Billion Coins

According to Ali, this massive sell-off put pressure on market sentiment, pushing the price of the meme coin down to around $0.1573 and recording a weekly decline of almost 15.75%.

Read also: Dogecoin Price Up 2% Today: DOGE Chart Shows Short-Term Weakness?

This decline comes after several failed attempts to break through the strong resistance area in the $0.18 to $0.19 range, where buying momentum continues to weaken.

The current chart view shows a row of red candles, which signals an increasingly strong selling pressure. Technical analysts note that the price is now moving away from the upper band of the Bollinger Band, which is a signal that the previous rally may have lost steam.

The narrowing Bollinger band – now in the range of $0.2188 to $0.2858 – indicates a possible consolidation phase after a period of high volatility. Historical volatility remains high at 82.78, signaling that the market still has the potential to experience wide weekly movements before achieving meaningful stabilization.

Technical Weakness Continues Below Key Fibonacci Levels

The latest technical chart for Dogecoin shows weakness. The Auto Fibonacci indicator identified the 0.786 level, which is around $0.164, as an area of resistance.

Currently, Dogecoin is still below that level. This could trigger a move down towards the support level at $0.15 and then to the next support at $0.138.

Keeping the price movement above the support level is crucial to avoid a deeper market correction. Current market indicators suggest that the whales may still be restructuring their positions, while retail investors are likely to be more cautious.

Read also: Is Solana at Risk? Analysts Warn of Potential 30% Drop Below $100

In addition, the Relative Strength Index (RSI) value stands at 40.51, which indicates a slightly bearish market sentiment. This suggests selling pressure is still dominant, although it has not yet reached oversold conditions.

If the RSI falls below 40, selling pressure is expected to increase sharply. Conversely, if the RSI rises above 50.7, it could be a trigger for price recovery.

Dogecoin breaking below $0.15 could trigger further decline

The Moving Average Convergence Divergence (MACD) indicator is again signaling a bearish market. The MACD value is currently at -0.00743, still below the Signal line which is at -0.00575.

The MACD histogram also does not show a strong market trend, indicating that Dogecoin’s movement is likely to stay within a certain range or slowly decline.

With the current conditions, traders will pay attention to important resistance levels. The first resistance level is in the range of $0.164 to $0.17. In case of a strong breakout above $0.185, it could trigger significant buying interest. However, if the price falls below $0.15, there is potential for a further decline towards $0.13.

That’s the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*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:

• TronWeekly. Whales Offload 1 Billion Dogecoin, DOGE Struggles Below $0.17 Resistance. Accessed on November 6, 2025