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Dogecoin remained under pressure after slipping below the key $0.10 level. The token then broke under $0.09 and fell to $0.088 before recovering slightly. At press time, DOGE traded at $0.092, up 2.56% on the day. The wider crypto market also saw weaker capital flows, and memecoins took some of the hardest hits. With retail traders stepping back, large holders gained more control over price action.
Market data showed little activity from small investors during the latest drop. CryptoQuant’s Spot Retail Activity metric stayed in neutral territory. That reading suggested retail traders showed neither strong fear nor fresh enthusiasm.
Instead, this group appeared to wait for clearer conditions before making new moves. Some may be watching for a better entry point, while others may be waiting for another sell-off. For now, their absence has reduced a major source of trading support.
The same trend appeared in the Spot Volume Bubble Map. The metric is also held in the neutral zone. That suggested the market lacked strong momentum in either direction.
Low activity can leave prices vulnerable to sharp swings. When fewer traders participate, a handful of large orders can move the market faster. That setup has kept Dogecoin in a fragile position.
While retail traders stayed quiet, whales remained active. Since Dogecoin dropped below $0.10, large holders have continued to place sizable orders. Most of that activity has leaned toward selling.
Spot Average Order Size data showed bigger orders around $0.089, $0.091, and $0.093. Most of those trades came from the sell side. That pattern pointed to steady pressure from larger market participants.
As a result, Dogecoin faced a tougher path in the short term. Heavy selling from whales, combined with weak retail demand, left the market looking soft. That imbalance increased the risk of another drop.
Without stronger buying support, large holders can shape the next move more easily. This has left the token exposed to quick price shifts. It also explains the sharp volatility seen in recent sessions, as the lack of buying support allows large holders to influence price movements significantly.
Also Read: Dogecoin Price Prediction: Will $0.10 Support Survive?
Even so, Dogecoin did not stay at its low for long. Buyers stepped in after the slide to $0.088 and pushed the token back toward $0.092. Trading data showed the buy volume rose to 304 million, above the sell volume of 263 million.
At the same time, pseudonymous analyst Trader Tardigrade shared a bullish view for the year ahead. The analyst used fractal analysis to compare current price action with earlier market cycles. The chart pointed to a repeating pattern seen over the past decade.
According to the chart, Dogecoin showed a similar setup before its major rallies in 2017 and 2021. In both cases, the token dipped below local support before starting a strong upward move. Traders often view this kind of dip as a shakeout of weak hands and short sellers.
Now, the analyst believes a similar pattern may be forming again. The chart placed Dogecoin in a support zone between $0.07 and $0.09. It also noted a 3.4% rise over the past 24 hours.
The projected targets from that setup stood at $1.60 and $2.20. Those levels would move well above Dogecoin’s all-time high of $0.70 from May 2021. Can Dogecoin follow the same path again, or will selling pressure keep the token pinned near current levels?
The Dogecoin price remains under pressure after falling below key support as whale sales stayed strong and retail traders remained inactive. Even so, dip buyers returned and lifted DOGE from recent lows. The key takeaway is that Dogecoin now sits at a crucial point where the next major move may depend on stronger buyer conviction.
