{"id":89396,"date":"2025-08-18T20:00:45","date_gmt":"2025-08-18T20:00:45","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=89396"},"modified":"2025-08-18T20:00:45","modified_gmt":"2025-08-18T20:00:45","slug":"dogecoin-under-fire-as-qubic-targets-doge-after-monero-attack-can-bulls-prevent-a-freefall","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=89396","title":{"rendered":"Dogecoin Under Fire as Qubic Targets DOGE After Monero Attack: Can Bulls Prevent a Freefall?"},"content":{"rendered":"

Despite flashing a bullish golden cross, where the 50-day moving average crosses above the 200-day, Dogecoin failed to sustain upward momentum.<\/p>\n

Instead, heavy selling pressure drove DOGE from $0.24 down to $0.22, marking a 6% drop within 24 hours. Intraday volatility spiked at 7%, as a midday rally was quickly crushed by late-session selloffs.<\/p>\n

Volume analysis points to stronger conviction from sellers, with spikes during breakdowns rather than recovery moves. Losing the $0.23 support zone has left DOGE vulnerable to further downside, with traders now eyeing $0.2165 and $0.2150 as the next key levels.<\/p>\n

Dogecoin Whales Keep Buying, But Confidence Wavers<\/strong><\/h2>\n

Interestingly, whale wallets continue to show aggressive accumulation. In August alone, 680 million DOGE<\/a> were added, pushing total whale holdings to nearly 100 billion tokens, the highest level in months.<\/p>\n

While this suggests long-term confidence, the accumulation has yet to translate into upward price momentum, as technical damage from repeated rejections at $0.24 resistance weighs on short-term sentiment.<\/p>\n

Market analysts warn that if whales pause accumulation amid network risks, the lack of strong buyer support could trigger a deeper freefall below the current $0.22.\u00e7<\/p>\n\n

Qubic Vote Sparks Security Concerns<\/strong><\/p>\n

The latest blow came when Qubic<\/a>, an AI-driven blockchain project, announced that its community had voted Dogecoin as its next proof-of-work target.<\/p>\n

The move follows Qubic\u2019s controversial 51% attack on Monero, which allowed it to reorganize blocks and manipulate transactions, forcing Kraken to suspend Monero deposits.<\/p>\n

With Dogecoin\u2019s market cap above $35 billion, the stakes are considerably higher. A successful attack could disrupt transactions, enable double-spending, and dent investor confidence.<\/p>\n

While some experts argue DOGE\u2019s larger network makes it harder to compromise, others caution that the intent alone has raised red flags across the crypto industry.<\/p>\n

DOGE Outlook: Make-or-Break at $0.23<\/strong><\/p>\n

Dogecoin\u2019s immediate future hinges on whether bulls can reclaim the $0.23 level. Failure to do so could open the door to deeper losses, especially if Qubic escalates its campaign against the network.<\/p>\n

For now, traders are closely monitoring derivatives positioning, whale behavior, and global trade tensions that continue to pressure risk assets.<\/p>\n

Dogecoin may have survived many market downturns, but this time, both technical fragility and network security are in question, making the coming weeks critical for the memecoin\u2019s stability.<\/p>\n

Cover image from ChatGPT, DOGEUSD chart from Tradingview<\/p>","protected":false},"excerpt":{"rendered":"

Despite flashing a bullish golden cross, where the 50-day moving average crosses above the 200-day, Dogecoin failed to sustain upward momentum. Instead, heavy selling pressure drove DOGE from $0.24 down to $0.22, marking a 6% drop within 24 hours. Intraday volatility spiked at 7%, as a midday rally was quickly crushed by late-session selloffs. Volume […]<\/p>\n","protected":false},"author":0,"featured_media":89397,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-89396","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\/89396"}],"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=89396"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/89396\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/89397"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=89396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=89396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=89396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}