Dogecoin price has been struggling on the daily and weekly technical charts for a prolonged time. The price has been in the bearish grip since early 2025. Furthermore, recent weeks have demonstrated a decline in whale activity, indicating multiple bearish signals for the DOGE price.
According to famous crypto analyst Ali Marinez, whales are decreasing their stack in Dogecoin, selling over 570 million DOGE in the past week. The declining whale activity indicates a bearish signal and raises concerns among the DOGE holders.
The declining whale activity increases extra DOGE supply in the market, which might lead to significant downward pressure. This also signals negative sentiments among the investors and raises liquidity concerns.
At the time of writing, DOGE price was trading at $0.15727 with an intraday decline of 1%. The daily trading volume is also decreased by 25%, indicating bearishness. Despite the negative sentiments DOGE community is still bullish on its price.
Will Dogecoin Bounce Back?
On the daily technical chart DOGE price is trading below the 50-day and 200-day EMA levels, indicating a bearish trend. Moreover, on the chart, a bearish crossover also occurred between the 50-day ($0.182) and 200-day ($0.224) EMAs, strengthening bearish sentiments.
Currently, DOGE price is in bearish momentum, on both the daily and weekly timeframes. Indicators are also signalling negative signs, and there are no signs of reversal now.
On the weekly time frame, the 200-day EMA ($0.142) level acting as a strong support for DOGE price. If the price bounces back from this point and breaks above the 50-day EMA, investors could see a bullish rally. However, if the price breaks below the current level the price may further decline.
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