Dogecoin Price Forecast: DOGE Near $0.075 as Whales Split on Direction

Dogecoin traded near $0.075 on Monday, extending a five-week decline that began in late September. On-chain data points to a split among large investors: wallets holding between 10 million and 100 million DOGE have reduced their balances, while smaller whale groups have accumulated tokens. However, selling pressure across spot and futures markets, combined with a weak technical structure, continues to weigh on sentiment. With DOGE trading below its major moving averages, traders are watching whether support near $0.068 can prevent a deeper correction.

Dogecoin whales show divided sentiment

Data from Santiment shows a divergence in Dogecoin’s supply distribution. Wallets holding between 10 million and 100 million DOGE have shed approximately 120 million tokens since Thursday.

In contrast, wallets holding between 100,000 and 1 million DOGE and those holding between 1 million and 10 million have collectively added around 100 million tokens over the same period.

The difference suggests that smaller whale cohorts are buying into weakness while the largest group is reducing exposure. Such activity does not establish the intentions of individual investors, but it highlights a divided outlook among significant DOGE holders.

The distribution trend is important because large-wallet transactions can influence available market supply and short-term sentiment. If the largest holders continue reducing their balances, their selling could offset accumulation by smaller investors and make a sustained price recovery more difficult.

On-chain indicators point to selling pressure

Market data from CryptoQuant also signals caution. Its Dogecoin market summary highlights large whale orders and sell-side dominance across spot and futures markets. Both segments show signs of overheating, suggesting that trading activity remains volatile.

Sell-side dominance indicates that selling pressure is outweighing buying activity in the observed market data. However, large orders and overheating readings do not independently establish the direction of future prices.

For traders, the main developments to monitor include:

• Large whale wallets: Reduced holdings of approximately 120 million DOGE.
• Smaller whale groups: Combined accumulation of roughly 100 million DOGE.
• Market positioning: Selling pressure remains prominent across spot and derivatives markets.
• Price structure: DOGE remains below its major moving averages.

DOGE price forecast: $0.068 support in focus

DOGE trades near $0.076 in the supplied technical snapshot, below its 50-day, 100-day and 200-day exponential moving averages (EMAs) at $0.082, $0.083 and $0.090, respectively. This positioning keeps the near-term trend bearish.

The declining resistance trendline near $0.079 continues to restrict recovery attempts. The daily Relative Strength Index (RSI) remains in the mid-30s, indicating weak momentum, while the Moving Average Convergence Divergence (MACD) is hovering around zero without a clear bullish signal.

Initial resistance stands near $0.079, followed by $0.082 and $0.083. Higher barriers include $0.088, the 200-day EMA at $0.090 and the broader resistance level at $0.1027.

On the downside, $0.068 is the next significant support. A daily close below this level could expose DOGE to further losses.

Conclusion:

Dogecoin’s outlook remains vulnerable as large holders distribute tokens and market indicators point to persistent selling pressure. Smaller whale accumulation offers some evidence of dip-buying, but it has not yet reversed the broader decline. A sustained break below $0.068 would strengthen the bearish case, while a recovery above $0.079 would provide the first indication that buyers are regaining control.