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

Dogecoin (DOGE) experienced a significant drop of 7.5%, falling to $0.18 and breaking below a crucial support level. This decline, marked by a decrease of 6.8% in a single day, resulted from intense whale outflows and increased trading activity, with over $29 million in large transactions recorded. The price fell from $0.1934 to $0.1803, demonstrating one of the highest trading volumes in recent weeks. Technical analysis suggests a shift toward a distribution phase, as momentum oscillators turn bearish and price attempts to recover fail. The immediate support for DOGE now lies between $0.1780 and $0.1800, with significant resistance forming at $0.1950–$0.1970. Traders are closely monitoring whether DOGE can hold its ground at the $0.18 base amidst these changes, as bearish sentiments persist and near-term outlook remains defensive until a recovery above $0.19 can confirm stability.

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