Dogecoin Faces Headwinds as Long-Term Holders Cash Out

Dogecoin’s recent rally has reignited enthusiasm across its community, with the asset climbing 36% in just a week.

But under the surface, key indicators suggest the uptrend could be fragile — especially as veteran holders begin to take profits.

On-chain data shows a surge in “age consumed,” a metric used to track the movement of dormant coins. This spike points to long-term holders — often seen as stabilizing forces in the market — offloading significant portions of their holdings. It’s the most aggressive selling activity from this group since mid-2023.

While short-term momentum still paints a hopeful picture, technical signals are becoming conflicted. The Ichimoku Cloud — a tool used to assess market trends — shows Dogecoin trading above support zones.

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However, sustained sell-offs from long-term wallets could undermine this strength and trigger a swift reversal.

DOGE currently trades near $0.234, but analysts are eyeing $0.220 as a key level to watch. A break below could send the coin sliding toward $0.198, wiping out much of the recent gains.

With whales quietly exiting and macro sentiment turning cautious, Dogecoin’s next move will likely hinge on whether buyers can absorb the pressure — or fold under it.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.