DOGE’s Last Howl? 😱 “Death Cross” Spurs Panic as Whales Flee to Cash!

by

Markets

What to know (because apparently, ignorance isn’t bliss):

  • Dogecoin? Oh, you mean that “joke coin” now priced like expired yogurt – down 2.3% to $0.1827. Bravo. 🎉 The whales, those digital kulaks, are divvying up the carcass while long-term “HODLers” finally admit their faith had a sell-by date.
  • Behold the mystical “death cross” – not a medieval omen, but something far worse: a chart pattern confirming what your gut already told you. 🪦 Bearish? The entire tundra just migrated south.
  • Below $0.177? That’s not a price floor – that’s the basement where hope goes to die. Next stop: $0.14, also known as “Remember When We Had Dignity?”

Dogecoin, once the proletariat’s digital bark against the oligarchs of finance, slipped another 2.3% to $0.1827 on Tuesday – as if gravity itself grew tired of pretending.

The descent, marked by increased whale activity (or, more accurately, mass liquidation disguised as strategy), shattered the once-sacred $0.1830 support. Yes, comrades, it fell. Like a statue of Lenin in Kyiv. 🗿💥

News Background (Or: The Slow Death of a Meme)

From a lofty $0.1870, DOGE stumbled down to $0.1827 in 24 hours – a $0.0070 collapse that, much like the Soviet economy, featured repeated failed recoveries and a consistent decline in morale. Lower highs? That’s three in a row. The revolution has been postponed. Indefinitely.

the long-term “HODLers” – those saints of crypto – have turned coat. From accumulation to liquidation in less time than it takes to say “mooning”.

Yes, 440 million DOGE were dumped by mid-tier whales (wallets holding 10M-100M tokens) in just 72 hours – a silent exodus colder than a Siberian January. And the Hodler Net Position Change? An outflow of 22 million DOGE – a 36% reversal from accumulation. The largest drawdown in a month. The masses are fleeing the cult. 🏃‍♂️💨

Technical Analysis (Or: The Chart That Predicted Its Own Doom)

The bearish trend is no longer a suspicion – it is now state doctrine. The breach of $0.1830 support is as definitive as a midnight knock on the door.

Cue the “death cross” – where the 50-day EMA plunged below the 200-day EMA in late October. A poetic name, but truly fitting: it’s not a warning, it’s a death certificate. And if you doubted it, the 100-day EMA is queuing up for its own lethal rendezvous. Downside bias? The entire market is leaning. 😵‍💫

Now, gather ’round the campfire: cost-basis analysis reveals a fortress of 3.78 billion DOGE tokens between $0.177 and $0.179. Bulls will defend this like a gulag guard defends rations – not out of loyalty, but desperation. This is the last line before the digital tundra.

Volume? Oh, we’ve got volume. A 274.3M token spike followed by a 15.5M burst – the final gasps of institutional distribution. Whether this is capitulation or just another beat in the long march to oblivion? Only the alchemists know. 🧪📉

What Traders Should Watch (Or, How to Spot a Bottom When You’re Already Buried in It)

DOGE now trades in a state of vulnerability so profound it borders on existential. The $0.1830-$0.1850 band? That’s now a pivot zone – not a rebound target, mind you, but the stage where rallies go to die. 💀

Lose $0.177? Then the trail leads downward to $0.14 – the place where shattered dreams and forgotten memes go to sleep. Analysts, those modern-day soothsayers, say only a sustained recovery above $0.1860 with heavy volume breaks this curse.

Until then? Every rally is not a revival – it’s a Hail Mary sell-off opportunity. An exit ramp for the faithful. 🚪

The real signal? Whale activity. When large-transaction counts drop like prisoners in a labor camp – when silence replaces noise – that’s when accumulation might begin. Near cost basis. Near ruin.

Until then, comrade, HODL if you must. But don’t say the bear market didn’t warn you. ⚠️🐶📉

Read More

2025-11-03 07:32