What’s the deal?
- Whales sold off $40 million in DOGE – because they have nothing better to do, apparently.
- DOGE’s stuck below $0.26. Some say it’ll break $0.35. Others say, “It’ll break your heart, just wait.”
So, here we are. Dogecoin’s hanging out below $0.26 like it’s waiting for something, anything, to happen. It’s been sliding since May 10th, down 18% (but who’s counting? Oh, right, we are). According to CoinDesk Research’s ultra-fancy technical analysis, DOGE is “consolidating.” Consolidating? That’s the fancy word for, “We’re stuck, folks.”
Meanwhile, whales—those big, rich guys—decided to unload 170 million DOGE. That’s worth $40 million. You’d think they’d just buy a yacht or something, but nope. They sold. Could be a setup for a massive breakout. Or they just got tired of holding. Who knows?
Dogecoin has formed a classic bull flag pattern after a nice little rally back in April. But right now, it’s playing coy—stuck at $0.26 like it’s waiting for the right moment to jump. Could this be a healthy consolidation phase? Maybe. Or maybe it’s just the crypto equivalent of sitting in traffic.
Experts say we could see a breakout within the next 7 days. $0.35-$0.45, they say. Do they know that for sure? Of course not. But we’re all hoping for a 52-114% gain. I mean, who wouldn’t want that?
Technical Analysis Highlights
- DOGE went from $0.222 to $0.228, forming an upward channel. It’s not a party, but hey, there’s potential.
- Resistance at $0.233-$0.234. Yeah, that’s where everyone took profits. Guess they weren’t as excited as we were.
- The last hour saw a big dip—classic. But hey, we still have higher lows. Momentum? Maybe. Hope? Definitely.
- Big correction from $0.233 to $0.227. A solid 2.57% decline. That’s one way to keep things interesting.
- Support tried to form between $0.227-$0.228, but it’s like trying to get a toddler to sit still. Not easy.
External References
- “Dogecoin Price Prediction: One Break Above $0.230 Could Unleash a Full-Blown Meme Rally”, cryptonews, published May 18, 2025.
- “Dogecoin Momentum Fades – Analyst Expects $0.213 Retest”, NewsBTC, published May 21, 2025.
- “Dogecoin Chart Too Good To Ignore, Says Trader Eyeing Double”, NewsBTC, published May 21, 2025.
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2025-05-21 13:12