Overview
- Dogecoin fell about 6–7% to roughly $0.1605, setting a session low near $0.1600 after losing the $0.17 level.
- Trading activity spiked, with volume reported roughly 76% above the weekly average and topping $2 billion during the sell-off.
- A 59 million DOGE block sale and a morning rejection at a 1.44 billion DOGE wall near $0.1702 marked the session’s key pressure points.
- Coinglass data showed around $37.8 million in net outflows, reinforcing a multi-week pattern of distribution by large holders.
- Charts turned decisively bearish with a break of a descending triangle; support sits near $0.16–$0.15, and analysts flag potential downside toward $0.12 if selling persists.