- Dogecoin dropped to $0.2238, marking an 18% weekly loss, however whale wallets withdrew 122M DOGE from Binance, hinting at accumulation.
- The token is testing the $0.22 help zone, with RSI close to oversold and MACD nonetheless bearish however displaying room for reversal.
- A rebound may push DOGE towards $0.35, $0.55, and probably $1, whereas failure dangers a slide to $0.18–$0.08.
Dogecoin slipped once more this week, falling to $0.2238 after a 4% day by day drop and an 18% weekly loss. Even with the decline, buying and selling exercise picked up. On Sept. 25, Whale Alert flagged a 122 million DOGE withdrawal from Binance—price about $28.5 million on the time. Huge pockets strikes like this are sometimes learn as sensible cash quietly accumulating, suggesting that whales could also be organising for an even bigger transfer earlier than the 12 months closes out.
Technical Image: Testing $0.22
DOGE has been consolidating in a rising wedge, however the latest breakdown has introduced it again to the $0.22 help zone—a degree that’s held a number of instances this 12 months. The RSI is hovering round 40, pointing to bearish momentum but additionally edging nearer to oversold territory the place reversals typically take root. The MACD nonetheless reveals draw back stress, although the traces stay tight, leaving room for a fast flip if consumers step again in.
$1 Goal or Extra Ache?
The trail forward appears to be like binary. If DOGE holds the $0.22 flooring and claws again above $0.27, charts level to a climb towards $0.35, then $0.55, and probably a retest of $0.70. A breakout year-end rally may even stretch into the $0.77–$1 zone if sentiment turns risk-on. On the flip facet, if help fails, bears will possible goal $0.18 and $0.14, the place consumers stepped in throughout previous sell-offs. In a harsher breakdown, DOGE may droop towards $0.08, a 36% haircut from right here. For now, the $0.22 line is the battleground.
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