Dogecoin (DOGE) Price News: Slides 7.5% to $0.18, Triggering Technical Breakdown

Dogecoin (DOGE) fell 7.5% to $0.18, breaking key support levels amid increased whale outflows and heightened trading activity. This decline followed a drop from $0.1934, triggered by over $29 million in large transactions, including a notable $26.8 million transfer to Binance. Institutional distribution was evident as trading volumes surged 44% above the seven-day average, while DOGE’s performance lagged behind the broader crypto market. The price action established lower highs, confirming a bearish shift in momentum. Following the breakdown, immediate support is near the $0.1780–$0.1800 range, while resistance has shifted to $0.1950–$0.1970. Traders are keenly watching if DOGE can defend the $0.18 base amidst ongoing sell-offs. Current sentiment remains cautious, awaiting a reclaim above $0.19 to restore technical stability, despite expectations for potential Q4 rallies in the meme coin market.

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