DOGE Price Analysis: Falls to $0.18 as 'Death Cross' Price Action Appears

Dogecoin has seen a drop of 2.3%, falling to $0.1827, breaking key support levels amid increasing whale distribution and exits by long-term holders. The cryptocurrency's technical indicators have turned bearish, signified by a 'death cross' pattern which emerged between the 50-day and 200-day EMAs. Following three unsuccessful recovery attempts above $0.1860, analysts are watching the critical ranges of $0.1830-$0.1850 and are wary of a potential drop to $0.14 if the $0.177 level is not defended. Recent on-chain metrics indicate a significant shift, with 440 million DOGE sold by medium-sized whales and a 36% reversal from previously positive accumulation trends. Volume spikes during the selloff suggest that distribution may be in its final stages, highlighting a pivotal moment for potential future accumulation or further declines depending on whale activity.

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