Dogecoin (DOGE ($0.14)) has come under pressure after major wallet activity triggered renewed focus on the token.

Analysts are monitoring both the price and whale behavior as DOGE tries to hold above a key support level following sharp declines.

7 Billion DOGE Moved in 30 Days

Between September 19 and November 23, on-chain data shared by Ali Martinez shows that wallets holding between 10 million and 100 million DOGE “sold or redistributed” nearly 7 billion coins. These wallets dropped from over 24 billion DOGE to about 17.17 billion in just one month. This period also saw DOGE’s price fall from $0.27 to $0.143.

This decline in holdings and price happened in parallel, suggesting that the large outflows may have added to the downward momentum.

7 billion Dogecoin $DOGE sold or redistributed by whales over the past month! pic.twitter.com/IYojozfyRK

— Ali (@ali_charts) November 24, 2025

While some large holders were moving coins out, others were buying. Addresses holding between 100 million and 1 billion DOGE accumulated 4.72 billion tokens recently, valued at roughly $770 million. This behavior may reflect different strategies among holders at scale.

Technical Setup Hints at Short-Term Bounce

Dogecoin has shown signs of a short-term recovery. On the 4-hour chart, analyst Trader Tardigrade pointed out that it has formed a bullish crossover on the MACD indicator. The move suggests rising momentum as the price pushes toward a descending trendline.

The trader also highlighted an ascending triangle breakout, a breakout on the RSI trendline, and oversold RSI conditions. They wrote that DOGE is “nearing the end of the downtrend,” but the price must move through resistance before confirming a shift.

In addition to these signals, the TD Sequential indicator has printed a fresh buy signal. This tool is designed to identify points of exhaustion in a trend. The last time this signal appeared, DOGE posted a rapid rally of more than 100%, according to analysts tracking the setup.

DOGE ETFs Add to Market Focus

DOGE has gained attention following announcements about new exchange-traded products. Grayscale is preparing to launch the GDOG ETF, while Bitwise is reportedly planning a similar product under review. These developments have added a short-term boost to sentiment.

As of press time, DOGE is trading near $0.146 after bouncing from last week’s lows. Traders are watching the $0.1468 support area to see if the price can hold and start a move toward the next resistance levels.

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