Dogecoin Slides Below $0.081 Despite 600M Whale Buy
FxRoy
•
October 17, 2026
•
11 views
Dogecoin gave up ground fast this week. It broke below the $0.081 line that one analyst had flagged as key support and settled around $0.0802 on the Binance weekly chart.
Whale Purchases Fail to Stem the Slide
Reports showed big wallets scooped up 600 million DOGE while the price kept falling. That volume looks impressive on paper. Yet the market still priced in more supply than demand for now.
Short-term holders appear to have taken the other side of those trades. The result was a clean 7.6% weekly loss.
What the Weekly Chart Actually Shows
The Binance DOGE/USDT weekly print closed at $0.08020. That level sits just under the support zone traders had watched after the prior bounce. Volume on the break was steady rather than explosive, which often signals more follow-through than a quick reversal.
Broader crypto sentiment did not help. Bitcoin’s own consolidation kept altcoin beta low, and meme coins felt it first.
Why does the whale buying not show up in price yet? The coins may still be moving to exchanges or simply offset by profit-taking elsewhere in the order book.
Context From Recent DOGE Moves
Dogecoin spent much of the last month trapped between $0.078 and $0.085. Each test of the upper bound brought selling. The latest push lower took out the mid-range support and left the chart looking heavier.
Macro factors played a quiet role too. Risk appetite across equities and crypto stayed mixed after mixed U.S. data releases. Meme assets tend to lag when flows rotate back toward larger caps.
Levels Traders Are Watching Next
A close back above $0.081 would ease immediate pressure and put the prior range back in play. Failure to reclaim it keeps the path open toward the $0.078 area tested earlier this month.
Volume on any rebound will matter more than the whale headline alone. Sustained accumulation needs to show up in spot flows, not just wallet transfers.
One short sentence changes the tone here. Momentum remains fragile.
Risk of Choppy Follow-Through
Anyone long DOGE into this print has already absorbed a sharp weekly drawdown. Position sizing matters on the next move because meme coins can gap either way on thin weekend liquidity. There is no guarantee the whale buying translates into a sustained floor.