Dogecoin Braces for Wild Ride as Massive Coin Unlock Sparks Market Chaos
Buckle up, meme coin hodlers—DOGE just hit turbulence.
The 'people's crypto' faces a make-or-break moment as a flood of newly unlocked tokens threatens to shake its already volatile foundations. When the supply spigot opens, will the Shiba Inu army keep holding through the storm?
Market makers are already placing bets—some see a classic buy-the-dip opportunity, while others predict a race to the exits. Either way, it's another reminder that in crypto, 'decentralized' often means 'no adult supervision.'
One thing's certain: when the dust settles, someone's getting rekt. The only question is whether it'll be the paper hands or the true believers.
$0.241385 is set to release 95.5 million Doge into circulation between July 28 and August 4. Though this $22.9 million supply expansion might initially seem poised to create selling pressure, the market is unlikely to destabilize due to the daily trading volume surpassing $700 million on exchanges. Investors are well-prepared as this process is part of Dogecoin’s transparent and predictable supply schedule. Currently trading around $0.24, DOGE is facing short-term support at $0.22 and resistance at $0.28, with the market focusing on a potential breakout around the $0.25 area despite the upcoming coin unlock.
ContentsCan the Coin Unlocking Cause a Price Drop?Key Levels on Dogecoin’s Price Chart
Can the Coin Unlocking Cause a Price Drop?
Dogecoin’s presence on major exchanges with deep order books prevents the 95.5 million DOGE from disrupting liquidity, as this quantity constitutes only a small portion of the daily trading volume. Any order imbalances are quickly adjusted thanks to high market liquidity. Moreover, Dogecoin’s supply is distributed through regular monthly unlocks instead of sudden larger releases, reducing unexpected effects. This predictability keeps selling pressure minimized, and investors view the process as a precise monetary policy mechanism.
The Dogecoin community refers to previous similar coin unlocks, which had minimal impacts on its price. Each time volume tested volume, the price experienced short-term fluctuations, yet the long-term trend remained intact. This establishes a significant historical safeguard that fuels market confidence. Crypto Traders Are Rushing to This App – Here’s Why You Should Too
Key Levels on Dogecoin’s Price Chart
Profit-taking from the $0.28 peak in early July has pulled the price down to $0.24. Here, the 50-day exponential moving average is providing robust support around $0.22. If sellers fail to break this barrier, investor interest might regain momentum. The technical outlook suggests a new consolidation between the $0.25 and $0.28 range, supported by shallow volume deviations.
If the upcoming coin unlock’s potential $22.9 million selling pressure is matched by the market, volatility could remain low. In this scenario, attention will be on the momentum triggered by a sustained close above $0.25. Conversely, an unexpected reduction in volume may test the $0.22 support, but historically, even in such cases, price declines have been limited.
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