Key Takeaways
- Dogecoin whales sold 40 million DOGE amid a sideways market.
- Price action hints at a potential reversal if DOGE holds above the $0.22 mark; otherwise, a 22% drop could be possible.
- Despite weak market sentiment, experts predict that DOGE could hit $1.
Dogecoin has been trading sideways over the past 48 hours, according to TradingView’s daily chart, signaling cautious market sentiment. Meanwhile, on-chain data from Santiment, shared by a crypto expert, shows that whales are actively selling.
Whale Selloff and Its Impact on Dogecoin (DOGE)
The data reveals that whales holding 1–10 million DOGE have sold a total of 40 million coins in the past 24 hours. This massive selloff comes as the DOGE price continues to move sideways near the lower boundary of an ascending channel pattern that began in June 2025.
Despite the massive sell-off, the DOGE price remains unaffected, rising by 1.10% over the past 24 hours, according to CoinMarketCap data. The meme coin is currently trading near $0.23. However, its trading volume has dropped by 55% to $1.88 billion, suggesting that traders and investors are hesitant to participate.
Also Read: Space Mission DOGE-1 Cuts Costs While U.S. Dogecoin ETF Approaches Debut
Experts’ Bold Predictions for DOGE
Despite weak market sentiment following the whales’ sell-off, experts have shared bold predictions on X, which have now garnered widespread attention.
In a post on X, an expert shared that DOGE moves like clockwork and further noted, “$1 seems to act like a magnet for this cycle.”
Whereas another expert shared a daily chart showing that since mid-August 2025, DOGE has never fallen below the 150 EMA. This indicates experts’ belief in DOGE, as the price appears to be repeating history with another reversal.
Not only these, but several more analyses have surfaced sharing the same outlook, suggesting strong bullish optimism for the meme coin.
Technical Outlook: Key Levels to Watch
TimesCrypto’s technical analysis suggests that DOGE remains in an uptrend as long as it holds above the $0.22 level. On the daily timeframe, the meme coin is trading within an ascending channel pattern between the upper and lower boundaries.
Meanwhile, DOGE has tested the lower boundary three times, each time experiencing a price reversal.
Based on the current price action, if DOGE holds the lower boundary support and stays above the $0.22 level, it could see a price reversal. However, if it falls below $0.22, there is a strong possibility that the trend will reverse, and the meme coin could drop by 22% to reach the $0.171 level.
At present, the Supertrend indicator remains in red and hovers above DOGE, suggesting the coin is in a downtrend with strong selling pressure. On the other hand, the Bollinger Bands indicate that DOGE is in oversold territory and could soon experience a price reversal.
