Overview

• Trading around $0.2280, Dogecoin has broken through its $0.2350 and $0.2320 supports and sits under the 100-hour moving average.
• Hourly MACD has dipped deeper into the bearish zone while the RSI trades below 50, signaling sustained downward pressure.
• Whales have added over 130 million DOGE in 24 hours and roughly 250 million in 48 hours, underscoring large-holder confidence in dip buying.
• Bit Origin’s $500 million Dogecoin treasury plan and rising odds of a spot DOGE ETF underpin longer-term bullish sentiment.
• A breach of the $0.2220 floor could expose the token to further declines toward $0.2120 and $0.2050 if selling pressure intensifies.