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Home CRYPTO

Dogecoin Slips Below $0.16, But Whale Activity Might Flip the Script

Gary Ponce by Gary Ponce
April 16, 2025
in CRYPTO, DOGECOIN, FINANCE, MEMECOINS, OPINION
Reading Time: 3 mins read
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  • Dogecoin dropped 2.07% to $0.155 amid rising U.S.-China trade tensions, continuing its 3-day downtrend and forming a bearish lower high pattern on the charts.
  • Despite the dip, whales bought over 800 million DOGE in 48 hours, suggesting big players are confident in a potential reversal even as retail sentiment weakens.
  • DOGE is stuck in a falling channel, and if it breaks out, it could rally 45% toward $0.23 — but if bearish pressure continues, it risks sliding to $0.085.

Dogecoin’s having a rough time this week. The OG meme coin dropped around 2.07% during Tuesday’s session, dipping to $0.155. That fall lines up with rising tensions in the ongoing U.S.-China trade spat, which has the entire crypto market feeling… well, shaky. And now, DOGE is flirting with a potential dip under the $0.15 level — not exactly ideal. But — and it’s a big but — there’s something brewing beneath the surface: whale accumulation.

Big Wallets Are Buying the Dip — Hope for a Bounce?

Over just three days, DOGE slid from $0.169 to $0.155 — that’s nearly 9% shaved off. This drop formed a lower high on the charts, hinting that traders might still be in “sell the bounce” mode. And yeah, that’s a bit bearish.

But according to on-chain data, whales (those heavy-hitter wallets) are actually loading up. Ali Martinez, a well-known crypto analyst, noted that whales scooped up over 800 million DOGE in just 48 hours. That’s not nothing. This kind of activity often shows smart money betting on a reversal while retail panics — it’s been seen time and time again.

Whales bought more than 800 million #Dogecoin $DOGE in the last 48 hours! pic.twitter.com/swQV3RYevT

— Ali (@ali_charts) April 15, 2025

Still in a Falling Channel… But Breakout Isn’t Off the Table

Looking at DOGE’s daily chart, the price seems trapped in a downward-sloping channel. Not great, but also not unexpected. Right now, the price is hovering around $0.1554, with a market cap near $23 billion.

If the trade war chatter gets louder, DOGE could keep bleeding — possibly dropping another 45% all the way to $0.085, the lower end of the channel. That would definitely sting.

But — and here’s the bullish flip side — if some momentum returns and DOGE breaks out above that channel resistance, it could be a game-changer. A breakout might trigger a 45% rally, sending DOGE back up toward $0.23.

So yeah, it’s crunch time. Whether DOGE collapses or claws its way up may depend on whales holding strong and global markets calming down — two things that are, admittedly, not easy to bet on right now.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: $DOGEAli MartinezBlockchaincryptoDogecoinMemcoin
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Gary Ponce

Gary Ponce

Gary has been active in the crypto space since 2019, developing hands-on experience in trading, airdrop hunting, and identifying emerging narratives in low-cap tokens. For over four years, he has contributed research and editorial content with Aiur Labs and BlockNews, focusing on market analysis and community insights. His work reflects both transparency and independent reporting, with an emphasis on simplifying complex ideas for readers. Gary is a long-term believer in Bitcoin, Sui, Hype, Litecoin, XRP, and select meme tokens, combining personal trading knowledge with professional editorial standards.

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