Dogecoin ($DOGE) attempted a breakout toward the $0.09 threshold, but the price stalled and fell back, confirming a persistent downtrend for the meme‑coin.
Price Movement and Technical Overview
The token briefly slipped below the $0.085 support level that held during the previous week, touching a low near $0.081. At the time of writing, Dogecoin trades around $0.082, reflecting a 3.07% decline on the daily chart and contributing to a 4% drop over the past seven days.
Whale Activity and Market Pressure
Large holders have intensified selling, with spot average order sizes remaining positive throughout the last week, indicating that whales are executing sizable trades. Each time $DOGE approached the $0.09 mark—particularly near $0.088—whale‑driven sell orders emerged, establishing strong resistance at those levels.
Data from CoinGlass shows that on June 19, exchange‑based selling surged, with $23 million flowing into exchanges on a 12‑hour basis and $12 million on an 8‑hour basis, while outflows amounted to $20 million and $10 million respectively. The net inflow confirms that whale activity continues to pressure the price despite overall market weakness.
Implications for Investors
Investors monitoring the crypto market should note that sustained whale selling often precedes broader declines in a coin’s momentum. As Dogecoin’s price remains anchored below $0.09, the blockchain asset may face further downside unless bullish forces can overcome the current resistance.