Dogecoin''s price has stalled at $0.17, reflecting a 32% decline from its May 11 peak of $0.25. The meme coin is now under increased bearish pressure as on-chain data shows a massive transfer of 200 million Doge (valued at over $35 million) to OKX from an unknown wallet. This movement suggests potential sell-side activity, raising concerns among traders. The Age Consumed metric further indicates that older DOGE tokens are being moved, which could signal long-term holders taking profits or preparing to sell. As of June 16, 2025, the market watches closely to see if this influx of supply will trigger a further price drop or if bullish sentiment can reclaim momentum.
Dogecoin Price Stalls as 200M DOGE Hits Exchanges: Is a Drop Coming?
Dogecoin''s price has stalled at $0.17, marking a 32% decline from its recent peak of $0.25 on May 11. The meme coin now faces heightened bearish pressure as on-chain data reveals a significant transfer of 200 million DOGE to OKX, signaling potential sell-side activity. The tokens, valued at over $35 million, originated from an unknown wallet, raising concerns among traders.
The Age Consumed metric indicates older DOGE coins are re-entering circulation after prolonged dormancy, further exacerbating downside risks. Derivatives markets reflect this sentiment, with the long-to-short ratio dropping below 1—a clear sign of short seller dominance. Dogecoin has been range-bound between $0.16 and $0.20 for two weeks, with whale movements now threatening to disrupt this equilibrium.
Dogecoin Stuck in a Holding Pattern – Can Bulls Force a Break Above $0.21?
Dogecoin remains trapped in a narrow range below $0.25, with recent price action failing to recapture February''s highs. The meme coin has dipped 5% over the past week, struggling against a thick resistance band between $0.206 and $0.232. Technical indicators paint a mixed picture: while the EMA stack confirms bearish momentum, the Bollinger Band Trend gauge hints at emerging buying interest.
Key levels to watch include support at $0.168 and resistance at $0.206. A decisive break above this resistance could pave the way toward $0.254, while failure to hold $0.186 may expose the coin to new yearly lows. For now, Dogecoin''s fate hangs in the balance between weakening technicals and potential accumulation at lower levels.
Dogecoin (DOGE) Shows Signs of Accumulation Amid Market Downturn
Dogecoin''s price struggles persist as the meme coin fails to breach the $0.20 resistance level, currently trading below $0.180 and the 100-hourly moving average. Bearish momentum dominates, with technical indicators suggesting potential retests of the $0.17 support level.
On-chain metrics reveal intriguing signals of accumulation, as exchange net positions turned negative in early June. The Network Value to Transactions Ratio indicates DOGE may be undervalued, presenting a potential buying opportunity despite the prevailing downward trend.
A bearish trend line has formed with resistance at $0.1760 on the hourly chart, while price action sits below the 78.6% Fibonacci retracement level from May''s rally. The market structure remains firmly in bear territory, though underlying metrics hint at possible accumulation by long-term holders.
