DOGE Down 12.7%—Whale Dump Triggers Sell-Off
🐶 Dogecoin has plunged 12.7% in the past 24 hours, falling to $0.25, after whales offloaded over 310 million DOGE—worth approximately $75 million. The sell-off pushed DOGE into oversold territory, with RSI dropping below 30, and market sentiment turning sharply bearish.
📉 According to Santiment data, whale holdings dropped from 23.37B to 23.06B DOGE, signaling a major distribution phase.
Trading volume surged as retail traders followed suit, liquidating long positions and triggering $69M in long liquidations.
💬 “DOGE is now testing its 0.382 Fibonacci support—if it breaks, $0.18 is next,” said CCN analyst Victor Olanrewaju.
📊 Key metrics:
- DOGE price: $0.25
- Whale dump: 310M DOGE
- RSI: 28.4 (oversold)
- Futures open interest: down 1.12%
- Support level: $0.13 (Fibonacci 61.8%)
Why it matters:
✅ Whale activity remains the biggest driver of DOGE volatility
✅ Oversold conditions may trigger a short-term bounce
✅ Long-term support at $0.13 could define DOGE’s next move
🧠 Will DOGE rebound from oversold levels—or is a deeper correction ahead?
👇 Are you holding DOGE or rotating into other meme coins with stronger momentum?
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