Key Insights
- Over 3 billion DOGE is fueling Dogecoin news as these were sold in one month.
- Price holds support between $0.177 and $0.179 after sell-off.
- Robinhood adds Dogecoin trading in the European Union.
As spotlighted in a recent Dogecoin news, whale holders sold over 3 billion DOGE in the past month, causing price swings across the market.
The sell-off came as the coin reached key support between $0.177 and $0.179, while traders watched to see if it could recover or fall further toward $0.14.
Dogecoin news: Whales Reduce Holdings and Market Reacts
large investors holding Dogecoin have sold more than 3 billion coins over the last month.
Data shows that investors with between 10 million and 100 million coins sold around 440 million tokens in just three days.
The move marks one of the biggest selling waves in recent weeks.
Per the Dogecoin news, during this period, about 22 million DOGE also left wallets held by long-term investors.
That shift suggests some older holders may be taking profits or lowering exposure.
These changes have brought more price movement and wider trading ranges across the market.
Charts now show a weaker setup for the coin. The 50-day moving average has dropped below the 200-day line, a signal often linked with possible further declines.
The 100-day average is also close to crossing lower, pointing to a loss of short-term momentum. This is a classical “death cross” formation, which can weigh on confidence.
It is important to mention that, even with these signals, many small investors remain active.
Some traders view the current levels as a test of support and are watching for signs of a possible rebound if buying increases.
Key Levels Show Where DOGE Could Move Next
Dogecoin is holding near a support range between $0.177 and $0.179. Records show that around 3.8 billion coins are owned within this area.
Analysts say this range could help stabilize the price in the short term.
If it breaks below this zone, the next possible target could be near $0.14.
On the positive side, resistance appears between $0.1830 and $0.1850.
A move above that area could suggest a shift in direction or attract fresh interest from traders.
It is worth noting that despite the bearish signs, analysts have also identified a possible inverse Head and Shoulders pattern forming on the four-hour chart.
According to Trader Tardigrade, the right shoulder of the pattern is currently in progress.
If confirmed, the setup could indicate the start of a short-term recovery.
For now, the price continues to move within a tight range, with buyers and sellers competing for control.
Wider Market Sees New Developments
While selling pressure has been strong, the growing Dogecoin news shows more positive momentum in the market.
The trading platform Robinhood has added support for Dogecoin in the European Union. This step could help attract new users and improve access to the token in a growing market.
Traders are watching to see whether this new listing can bring more activity to offset recent outflows.
Market observers note that the coin’s reaction will depend on how investors respond to both the new access and the current price setup.
Dogecoin remains one of the most recognized digital assets and continues to draw attention from both short-term traders and long-term holders.
The coin’s current price shows a balance between selling from whales and steady demand at support levels.
In the days ahead, analysts expect trading to stay active as the market looks for direction.
A firm move above $0.1850 could signal early recovery, while a drop below $0.177 could extend the decline.
For now, Dogecoin’s price appears to be holding its ground after a month of large-scale selling.
Moses K is a crypto journalist covering markets, regulation, and blockchain trends. He has written for The Coin Republic, Coinchapter, Cryptopolitan, Cryptotale, Coinspeaker, and MPost. Known for his concise, data-driven reporting, Moses focuses on price analysis, on-chain metrics, and policy developments shaping the global digital asset landscape.
