{"id":37692,"date":"2025-11-04T19:13:39","date_gmt":"2025-11-04T19:13:39","guid":{"rendered":"https:\/\/financialrush.com\/?p=37692"},"modified":"2025-11-04T19:13:39","modified_gmt":"2025-11-04T19:13:39","slug":"1000000000-doge-in-7-days-could-dogecoins-bear-market-be-starting","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=37692","title":{"rendered":"1,000,000,000 DOGE in 7 Days: Could Dogecoin\u2019s Bear Market Be Starting?"},"content":{"rendered":"

\n<\/p>\n

The biggest meme coin is among the worst-affected cryptocurrencies from the broader market correction, with its price crashing by 17% over the past week.<\/p>\n

The recent whale sell-off could have also negatively impacted Dogecoin.<\/p>\n

Selling en Masse<\/h2>\n

The renowned analyst, using the X handle Ali Martinez, revealed<\/a> that large Dogecoin investors have dumped more than one billion tokens in the last week alone. The stash equals approximately $165 million (calculated at current rates). Following that move, this cohort of investors now holds less than 23 billion DOGE, representing around 15% of the asset’s circulating supply.<\/p>\n

Efforts of that type are generally seen as bearish since they increase the amount of coins on the market, and that could be followed by a price pullback (assuming demand doesn’t react accordingly). The massive sell-off may also spread panic across the community and prompt smaller players to cash out, too.<\/p>\n

Shortly after, Martinez touched upon Dogecoin again. He said<\/a> the OG meme coin has been trading within a rising channel since March, but recently broke below the bottom of that structure at $0.18. This means that DOGE has lost support and could be headed for a more violent crash, potentially dropping as low as $0.11.<\/p>\n

The Bullish Scenario<\/h2>\n

Despite the downtrend, some market observers remain optimistic that not all is lost for Dogecoin for this cycle. X user Chandler reminded<\/a> that November has been a strong month for the meme coin in recent years, predicting that history might repeat itself.<\/p>\n

Elon Musk also infused some positivism. The world’s wealthiest man (who happens to be a firm proponent of DOGE) said in 2021 that SpaceX “is going to put a literal Dogecoin on the literal Moon.” Several hours ago, he referred to that tweet, stating<\/a>, “It’s time,” but also placed a laughing emoji at the end.<\/p>\n

Meanwhile, DOGE’s Relative Strength Index (RSI) indicates that a rebound could be incoming. The technical analysis tool measures the speed and magnitude of recent price changes, helping traders assess potential reversal points. It ranges from 0 to 100, and ratios below 30 are interpreted as bullish, as they suggest DOGE might be oversold. Currently, the RSI hovers around that mark.<\/p>\n

<\/a>
DOGE RSI, Source: CryptoWaves<\/figcaption><\/figure>\n

The post 1,000,000,000 DOGE in 7 Days: Could Dogecoin\u2019s Bear Market Be Starting?<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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