Key Takeaways
Why is DOGE in focus this week?
Dormant whales accumulated 15.1M DOGE worth $2.95 million, showing renewed long-term confidence despite weak retail sentiment.
What do on-chain metrics reveal?
Spot Taker CVD and Buy–Sell Delta stayed negative, confirming sustained seller dominance below $0.20 support zone.
Dogecoin [DOGE] has faced persistent bearish pressure since slipping from $0.30 a month ago. The memecoin dropped 13.2% on the monthly charts and traded at $0.1969 at press time, down 0.88% daily.
Despite the weakness, large holders appear to be quietly accumulating.
Dormant Dogecoin whale returns after 11 months
According to Onchain Lens, a dormant Dogecoin whale returned after 11 months, withdrawing 15.115 million DOGE worth $2.95 million from Binance.
Source: X
The whale also sold 7,473 DOGE for $1,450 USDT, leaving the address with 15.19 million DOGE, valued at $12.96 million.
Dormant whale reactivation usually reflects Smart Money confidence in a medium to long-term recovery. It suggests large players see value at current price zones and expect the next market phase to tilt bullish over time.
Retail traders continue selling
While whales are buying, retail traders are doing the opposite. Historical data showed that dormant whale activity often coincided with declining retail participation.
According to CryptoQuant, the Spot Taker CVD has stayed negative throughout October, confirming sustained Taker Sell dominance. This indicates aggressive selling pressure from Spot traders.
Source: CryptoQuant
Complementing this, Coinalyze data showed a negative Buy–Sell Delta for most of the past 30 days.
At press time, DOGE recorded 156.67 million in Sell Volume versus 154.88 million in Buy Volume, leading to a negative delta of 1.79 million DOGE.
That persistent imbalance highlights continued bearish sentiment despite whale accumulation.
Source: Coinalyze
DOGE faces key resistance at $0.20
According to AMBCrypto, Dogecoin remained stuck as bulls and bears fight for market control. While accumulation continues on-chain, price action has struggled to recover above key short-term resistances.
DOGE traded below its 20, 50, 100, and 200 EMA lines, confirming a strong bearish bias.
The Directional Movement Index (DMI) further strengthened that signal, with the Positive Index near 12 and the Negative Index around 39.
Source: TradingView
For a reversal, buyers must push the price above the 20 EMA ($0.20) and later reclaim the 50–100 EMA range near $0.21. Doing so could open the path toward $0.22 in the midterm.
If sellers maintain dominance, DOGE may continue sideways between $0.17 and $0.20, leaving the broader trend uncertain.
