Dogecoin price steadies as whale selling keeps pressure on DOGE
Published on 11/12/2026 at 07:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSDogecoin faces renewed selling pressure
- Dogecoin traded at 0.068703 USD on the readout used for this report, while the verified November 11 UTC close was 0.067467 USD.
- Large wallets holding 100,000 to 100 million DOGE have sold around 750 million tokens since November 3, according to Santiment data reported by CryptoTicker.
- Blockchain activity averaged 7.96 billion DOGE per day from November 6 to 8, down 37 percent from mid-October.
- Technical analysis identified support near 0.065 USD and resistance around 0.077 to 0.0785 USD.
Dogecoin price remains under pressure after a brief recovery from its recent low. Investing.com displayed DOGE at 0.068703 USD in its DOGE/USD market readout. The verified UTC close for November 11 was 0.067467 USD, according to CoinGecko. The comparison implies a gain of 1.83 percent against that daily reference, below the threshold for making the movement the main story.
Whale selling adds to market weakness
Recent on-chain data points to continued distribution by mid-sized and large wallets. CryptoTicker reported that addresses holding between 100,000 and 100 million DOGE had reduced their combined holdings by around 750 million tokens since November 3, citing Santiment data. The figure measures changes in address balances, not the number of individual investors, and transfers between wallets can affect the reading.
The same analysis said DOGE was trading near its 2026 low of 0.0666 USD and that futures funding was close to zero. That combination suggests limited evidence of heavily crowded short positions, but it also indicates that buyers have not yet supplied strong support. A recovery toward 0.077 USD would therefore remain a technical rebound rather than proof of a lasting trend reversal.
Network activity has also slowed
Blockchain usage provides another cautious signal. In a separate analysis, CryptoTicker calculated that an average of 7.96 billion DOGE moved across the network each day from November 6 to 8, compared with 12.62 billion in mid-October. The 37 percent decline was measured in DOGE, which reduces the effect of the coin's falling dollar price. The analysis interpreted the data as weaker engagement rather than direct evidence of an imminent sell-off.
Support and resistance define next steps
A November 12 analysis published by TMGM, citing FXStreet, described DOGE as being in a seventh consecutive weekly decline and at a three-year low. It placed immediate support near 0.0651 USD and identified initial resistance around 0.0784 to 0.0785 USD, with the 200-day exponential moving average near 0.0885 USD. These levels offer context for investors, but they do not establish a forecast.
For now, the Dogecoin price is being shaped by weak momentum, wallet distribution and reduced network transfers. A sustained move above the resistance area would provide stronger evidence of stabilization; a break below support would keep downside risk in focus. Further reporting is available on the Dogecoin topic page.
