Dogecoin Whales Offload 570 million DOGE As Price Fails To Recover

Dogecoin's price has been struggling on both daily and weekly charts for an extended period, remaining firmly in bearish territory since early 2025. Recent weeks have shown a concerning decrease in whale activity, adding to the bearish outlook for DOGE.

Crypto analyst Ali Marinez reports that whales have offloaded over 570 million DOGE in the past week. This significant sell-off is a bearish indicator and a source of worry for Dogecoin holders.

Whales have unloaded over 570 million #Dogecoin $DOGE in the past week! pic.twitter.com/rBhd4beokH— Ali (@ali_charts) April 18, 2025

This reduced whale activity increases the DOGE supply, potentially leading to significant downward pressure. It also reflects negative investor sentiment and raises liquidity concerns.

At the time of writing, DOGE was trading at $0.15727, down 1% intraday. Daily trading volume has also decreased by 25%, further reinforcing the bearish trend. Despite this negativity, the DOGE community maintains a bullish outlook.

Will Dogecoin Rebound?

Dogecoin's price is currently trading below both the 50-day and 200-day Exponential Moving Averages (EMAs) on the daily chart, confirming the bearish trend. A bearish crossover between the 50-day EMA ($0.182) and 200-day EMA ($0.224) further strengthens this bearish sentiment.

Source: Tradingview

Currently, DOGE shows bearish momentum on both daily and weekly charts. Technical indicators point to negative signals, and there are no immediate signs of a price reversal.

The 200-day EMA ($0.142) on the weekly timeframe is acting as significant support. A rebound from this level, coupled with a break above the 50-day EMA, could trigger a bullish rally. However, a break below the current price could lead to further declines.

Also Read: Massive Sell Wall Threatens TRX Price Rally