Dogecoin Slides 8% Before Stabilizing Near $0.25 on Whale Buying
8/10/2025
Dogecoin (DOGE) dropped 8% on Tuesday, pressured by large whale sell-offs at $0.27 resistance. The token stabilized near $0.25 after a billion-token liquidation wave, as institutional investors and smart money stepped in to absorb selling, suggesting a potential support floor is forming.
Market Overview
Macro headwinds continue to influence high-beta crypto assets like DOGE. Traders are pricing in nearly 98% odds of global monetary easing by year-end, fueling volatility across digital assets. Meanwhile, structural developments—such as DOGE-related ETF filings from Grayscale and Bitwise—maintain institutional interest. Mining infrastructure investments through 2025 also support accumulation trends among whales, signaling long-term confidence.
Price Action Highlights
- Resistance: DOGE repeatedly rejected at $0.27 on heavy volume of 632.9M tokens.
- Decline: The steepest drop occurred between 13:00–15:00 UTC, with more than 1 billion tokens changing hands.
- Support: $0.25 absorbed selling pressure, reinforced by whale buying and short covering.
- Recovery: In the final hour, DOGE rebounded roughly 1% from session lows, supported by 30M-token accumulation trades, forming a potential double-bottom technical base.
- Trading Range: The 24-hour span of $0.144 (4.8%) reflects fragile order books and intraday volatility.
Technical Analysis
- Resistance: $0.27–$0.28 remains the key ceiling; sustained closes above this level are needed to shift the trend bullish.
- Support: $0.25 is the structural floor; a breach could open the way to $0.24.
- Pattern: DOGE is consolidating in a symmetrical triangle, suggesting a potential breakout between $0.30 and $0.47 once momentum resolves.
- Volume: Spikes over 1 billion tokens highlight institutional distribution pressure at highs.
What Traders Are Watching
- Whether $0.25 continues to hold as key support.
- Implications of whale accumulation for near-term price stability.
- Impact of SEC decisions on DOGE-linked ETFs and broader institutional flows.
- Macro drivers: central bank policy, global liquidity, and market risk appetite.
- Breakout potential from the current symmetrical triangle formation.
