Market data and asset movements shows that the Dogecoin price is enduring its toughest quarter in years, with the memecoin struggling to defend the $0.17 support zone as persistent outflows and bearish sentiment pressure the market.<\/p>\n
Dogecoin (DOGE) fell over 3% this week, testing the lower boundary of its ascending channel near $0.17, a critical level that has historically triggered rebound rallies.<\/p>\n\n
According to CoinDesk data, the Dogecoin price<\/a> decline accelerated after heavy selling during European trading hours, breaking below $0.1720 on strong volume before stabilizing.<\/p>\n Momentum indicators remain weak, with the daily RSI hovering around 41, suggesting limited buying strength. The 20-day and 50-day exponential moving averages continue to act as resistance near $0.182 and $0.199, respectively, keeping the short-term trend bearish.<\/p>\n Despite this, on-chain data reveals that some mid-tier whales are quietly accumulating. Wallets holding between 100 million and 1 billion DOGE have increased their holdings by nearly 5 billion coins since late October, even as larger holders liquidated over $700 million worth of DOGE.<\/p>\n This divergence among whale cohorts hints at potential volatility ahead, and possibly, an eventual recovery if market structure holds.<\/p>\n Analysts Point to Hidden Bullish Divergence and ETF Hopes<\/strong><\/p>\n Technical analysts suggest that Dogecoin\u2019s current weakness may be masking the setup for a powerful rebound. The weekly chart shows a hidden bullish divergence, where price makes higher lows while RSI forms lower lows, often signaling the end of a correction phase.<\/p>\n If the Dogecoin price maintains support above $0.17, traders expect a potential 33% rally toward $0.22, aligning with the 0.5 Fibonacci retracement zone. Market watchers also note that a successful breakout above $0.188 could trigger short squeezes, given that short positions<\/a> currently outweigh longs by a 5:1 ratio.<\/p>\n Adding fuel to optimism is speculation surrounding a possible Bitwise Spot Dogecoin ETF, which could arrive before year-end if auto-approval rules apply. Analysts believe such an event could inject fresh liquidity and institutional exposure, potentially ending the memecoin\u2019s months-long consolidation.<\/p>\n Cover image from ChatGPT, DOGEUSD chart from Tradingview<\/p>","protected":false},"excerpt":{"rendered":" Market data and asset movements shows that the Dogecoin price is enduring its toughest quarter in years, with the memecoin struggling to defend the $0.17 support zone as persistent outflows and bearish sentiment pressure the market. Dogecoin (DOGE) fell over 3% this week, testing the lower boundary of its ascending channel near $0.17, a critical […]<\/p>\n","protected":false},"author":0,"featured_media":112572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-112571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/112571"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=112571"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/112571\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/112572"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=112571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=112571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=112571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}