Dk-23

Dogecoin (DOGE) has faced significant downward pressure recently, resulting in massive losses for holders. As the price struggles to maintain key support levels, DOGE’s downtrend is exacerbated by a potential Death Cross, marking a shift in market sentiment that could push the altcoin even lower. 

With market conditions growing more bearish, DOGE could lose support at $0.20, signaling further challenges ahead.

Dogecoin Whales Offload In Bearish Anticipation

The key technical indicator to watch is the impending Death Cross, where the 200-day exponential moving average (EMA) is on track to cross below the 50-day EMA. This marks the first Death Cross in 8 months, ending a 5-month bullish streak for Dogecoin. 

If the cross happens, it could signal the start of a more prolonged bearish trend, as traders typically view this pattern as a sign to sell. The potential formation of the Death Cross has already impacted investor behavior. 

Dogecoin EMA. Source: TradingView

Whale investors, who hold large amounts of DOGE, have reacted swiftly to the increasing bearishness. Over the past 48 hours, addresses holding between 100 million and 1 billion DOGE have sold a staggering 2 billion DOGE, worth over $400 million. 

The sharp sell-off by whale investors highlights the growing uncertainty regarding Dogecoin’s recovery. With many major holders exiting the market, Dogecoin’s ability to regain upward momentum seems increasingly unlikely. As large market participants retreat, smaller retail investors could follow suit, adding to the selling pressure and further lowering the price.

Dogecoin Whale Holding. Source: Santiment DOGE Price Is On A Ledge

Dogecoin is currently trading at $0.20, attempting to hold above the support level of $0.19. Despite efforts to maintain stability, the overall market conditions suggest that a further decline could be in the cards. With the looming Death Cross and growing selling pressure, DOGE might struggle to maintain its current support levels.

If Dogecoin fails to hold the $0.19 support, it could likely fall to test the next major support at $0.17. Historically, DOGE has shown resilience around this price level, which could allow it to consolidate before attempting a rebound. However, a further decline could result in deeper losses if $0.17 is breached.

Dogecoin Price Analysis. Source: TradingView

The only way to reverse the bearish outlook is for Dogecoin to rise above the $0.22 barrier, which has acted as resistance in recent weeks. Successfully breaking and flipping this level into support could open the path for a rise toward $0.26.

If Dogecoin can secure this level of support, the altcoin may reach $0.31, marking a near 53% rise. This would allow it to recover most of its recent losses and shift the trend back to bullish.

This is Ronaldinho, a football legend who just pulled a fast one on his own fans! He launched $STAR10, a memecoin that turned out to be a scam. Just yesterday, he withdrew over $100 MILLION from his rug pull. I’ve conducted a detailed on-chain investigation into $STAR10, revealing exactly how Ronaldinho pulled off this fraud.
Let’s dive in ⬇️
Before we get started...
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1/ Who is Ronaldinho?
Ronaldinho is a former Brazilian professional footballer who played as an attacking midfielder and left winger. He represented Brazil in two FIFA World Cups, played 97 matches for the national team, and scored 33 goals during his international career. As one of football’s biggest icons, Ronaldinho had global recognition and trust—which he just exploited for a crypto scam.

2/ The Power of Influence
Ronaldinho built a massive following over the years, gathering 21 million followers on X. With such influence, he had the ability to shape opinions and drive engagement. Unfortunately, instead of using his platform for something meaningful, he chose to rug pull his own fans.
3/ A History of Controversy
This isn’t the first time Ronaldinho has been involved in a serious scandal. Back in 2020, he was arrested in Paraguay for attempting to enter the country using a fake passport. Both he and his brother were caught with forged documents, leading to a brief stint in detention. Even after this incident, his reputation remained largely intact—until now.
4/ The $STAR10 Launch
On March 2nd, Ronaldinho deployed his own memecoin, $STAR10, and immediately posted the link to the official website on his X account. The price skyrocketed within hours, but the details behind the scenes were far from clean.
5/ The Setup for the Scam
Before launching $STAR10, Ronaldinho suddenly became very active in crypto, posting daily reminders and hyping up the project. This was the first time in his entire career that he had ever spoken about crypto, despite having zero knowledge in the field. It was all part of a calculated promotional campaign designed to increase buy volume and create artificial hype before the dump.
6/ The Aftermath – A 70% Crash
The price of $STAR10 has already dropped by 70%, and there’s a clear reason for it. Ronaldinho and his team sniped a massive portion of the supply at launch, meaning they were in control of the market from the start. His fans were unknowingly being used as exit liquidity for Ronaldinho and his insiders.
7/ On-Chain Proof
Here’s the current #STAR10 BubbleMap, which provides clear evidence of how this scam unfolded. The largest wallets are all connected to Ronaldinho—he and his team acquired over 95% of the circulating supply before even revealing the official contract address.
8/ Fake Trading Volume
If you check DexScreener, you’ll notice something unusual: The so-called “top traders” of $STAR10 are actually Ronaldinho’s own wallets. This means there was no real demand for the token—just insiders moving funds around to make it appear legitimate. The total amount extracted? Over $100 MILLION stolen from his fans.
9/ Even Binance CEO CZ Issued a Warning
Binance CEO CZ also warned about $STAR10, highlighting its high-risk factors. One of the most alarming aspects? The contract allowed the owner to burn any token at will. This meant that Ronaldinho had the power to erase your entire holdings with a single click.
10/ Conclusion – If You Hold $STAR10, Beware!
If you’re still holding $STAR10, you need to be extremely cautious. This token was never designed to benefit retail investors—it was created to enrich Ronaldinho and his team. He’s already dumped 70% of the chart, and it won’t be long before it’s down 99%. This was a planned exit scam from the beginning.
There you have it! Ronaldinho, once a revered football legend, now infamous for his crypto scam. Stay vigilant out there! 🚨

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