Dogecoin (DOGE) Price: Panic Selling Sparks Opportunity as Charts Flash Bullish Signals

Dogecoin investors are hitting the sell button—but the memecoin’s charts whisper 'buy.'

Blood in the streets? More like discounts for degens. While weak hands dump DOGE at a loss, technicals hint at an impending rally. The same traders who FOMO’d at ATHs are now capitulating just before the bounce. Classic.

Finance never changes—only the memes do.

TLDR

• Dogecoin is the only top 10 cryptocurrency where investors are realizing more losses than profits, with $132 million in losses versus $5 million in profits over 24 hours
• Technical analyst predicts potential 58% price surge to $0.26 if DOGE breaks above $0.17 resistance level
• Current price sits around $0.165 after bouncing from support zone between $0.14-$0.15
• Dogecoin holders appear to be panic selling at losses while other major crypto investors take profits
• Short-term target of $0.172 identified if buyers can reclaim $0.163 resistance level

Dogecoin faces a unique situation among major cryptocurrencies as on-chain data reveals troubling investor behavior. While most top 10 digital assets show net profit-taking, Doge stands alone with heavy loss realization.

Recent analysis from Glassnode shows Dogecoin investors realized $132 million in losses over the past 24 hours. This compares to just $5 million in realized profits during the same period.

The data suggests DOGE holders are panic selling at losses while investors in other major cryptocurrencies harvest gains. Bitcoin investors realized the largest profits at $1.3 billion with only $33 million in losses.

$DOGE is the only top 10 asset with higher realized losses than profits in the past 24h – $132M vs $5M.
By contrast:

🟠 $BTC losses are just 2.5% of realized profits ($33M vs $1.3B)
🔵 $ETH losses are 52% of profits ($18.4M vs $35.2M)

Track the essential P&L metrics in Studio. pic.twitter.com/heG3rXDvX4

— glassnode (@glassnode) June 30, 2025

This selling pressure comes despite technical analysts identifying potential bullish setups. crypto analyst Dariusz Kowalczyk sees signs of a possible breakout following Dogecoin’s bounce from critical support.

The meme coin recently rebounded from the $0.14-$0.15 support range. This level previously acted as strong support during previous downward moves.

Technical Analysis Points to Potential Rally

DOGE currently trades around $0.165 after recovering from its recent lows. Kowalczyk’s analysis suggests the downtrend may be ending as buyers step in.

🚨 #DOGECOIN Setup Looks Bullish! 🚨#Dogecoin just bounced from key support and is now flashing signs of a trend reversal 📊

📈 Potential move? A massive 58% upside from here if it plays out!
From $0.164 → $0.26 possible.
Not just a meme anymore. Keep eyes on $DOGE 👀#DOGE… pic.twitter.com/naMPQWbjKF

— Dariusz Kowalczyk (@darekinvest) June 26, 2025

The analyst projects a potential 58% rally to $0.26 if dogecoin breaks above immediate resistance around $0.17. This target aligns with May’s peak levels where the price faced heavy resistance.

Market data shows early signs of a bullish reversal pattern forming on daily charts. The projected move WOULD represent a gain of approximately $0.0955 from current levels.

However, the bullish thesis depends on building momentum above $0.16 and breaking overhead resistance. Rejection below $0.17 could invalidate this setup and maintain downward pressure.

Short-Term Targets Identified

Another analyst, Bitguru, identifies $0.163 as a key short-term resistance level. The expert notes that reclaiming this level could build bullish momentum toward $0.172.

$DOGE is back at $0.16199, climbing from the local low of $0.14270. After facing resistance NEAR $0.167, the meme veteran is holding its ground in the mid-range zone.

If buyers reclaim $0.16307, we could see momentum toward $0.172. #Tradingview #Dogecoin pic.twitter.com/6Xa3OiGYn5

— BitGuru 🔶 (@bitgu_ru) June 28, 2025

Dogecoin recently hit a local low of $0.143 before its current recovery. The June downtrend formed lower highs and lower lows following consolidation near $0.204.

The meme coin’s price action shows it’s attempting to break free from extended decline. Technical indicators suggest possible momentum shifts as buyers emerge.

Current resistance at $0.163 represents a crucial test for near-term direction. Breaking above could confirm the bullish reversal pattern analysts are tracking.

The contrast between heavy loss realization and technical bullish signals creates an interesting dynamic. While some investors exit at losses, others may see opportunity at current levels.

Price recovery depends on whether buyers can overcome the selling pressure from loss-taking investors. The next few trading sessions will be critical for determining direction.

Dogecoin’s ability to hold above support and break resistance levels will determine if the predicted rally materializes or if further declines continue.