Introduction
Dogecoin is struggling to defend its $0.15 support level—a number that’s now a key battleground. In just one week, whales offloaded over 570 million DOGE, signaling a major shift in sentiment. These large holders appear to be losing faith, with the Spent Output Profit Ratio (SOPR) turning red, meaning many are cashing out at a loss.
Despite this heavy selling, Dogecoin has only dropped 1.5% over the week. That small decline suggests buy-side strength—likely from retail or mid-level holders—who are stepping in to catch the falling price. But whether this is the start of a comeback or just a break before further decline remains unclear.
Dogecoin Short-Term Holders Show Signs of Capitulation
A deeper look at short-term holders (STHs) reveals even more signs of weakness. Back in January, the 1–3 month group held 17.47% of the total supply—one of the biggest cohorts during Dogecoin’s rally to $0.41. Now, their holdings have fallen to just 6.5%, showing that many exited their positions after prices dropped.
This drop is backed by a negative SOPR, meaning coins are being sold at a loss. That suggests panic and loss of confidence among those who bought during the hype. These sell-offs have weakened Dogecoin’s structure, putting more pressure on the $0.15 level and raising the risk of a further dip.
Retail Buyers and Long-Term Holders Step Up
Not everyone is selling. Long-term holders (LTHs) are showing strong support, and they’ve actually increased their DOGE holdings. When Dogecoin spiked to $0.41 earlier this year, long-term investors began accumulating more. Since then, the 1–2 year group has raised their stake from 28% to 32% of the supply, becoming the largest holder category.
At the same time, retail buyers are quietly absorbing sell pressure. During the price retrace to $0.14, over 16 million DOGE flowed out of exchanges, a sign that buyers are still active. Together, these groups are helping to steady the market, even as whales and short-term holders retreat.
Can $0.15 Hold or Will Dogecoin Crack?
Dogecoin finds itself caught between strong hands and selling pressure. The $0.15 support zone is still holding, but barely. The next move depends on whether retail and long-term holders can absorb what’s left of the sell-side liquidity.
Right now, DOGE’s price looks stable—but that could just be temporary. If buyers step in with enough strength, we might see a rebound. But if the selling continues, a drop to lower levels like $0.14 or even $0.12 is still on the table.
Dogecoin’s fate rests on what happens next. Keep watching $0.15—because that line could decide everything.
