Dogecoin fell 6.8% by breaking the $0.18 support.

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Dogecoin Experienced a Decline with Large Transactions

Dogecoin fell by 6.8% on Tuesday, dropping below the $0.18 support level. This decline was triggered by heavy whale outflows and increased trading activity.

On-chain data shows that more than $29 million in large transactions took place. Among these transactions, a significant transfer to Binance is notable. All of these contributed to the decrease in Dogecoin's price.

However, expectations for fourth-quarter rallies continue. Nonetheless, Dogecoin's market structure remains fragile. Investors are closely watching whether the asset can maintain its $0.18 floor.

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Dogecoin, Decline, $0.18, Fourth Quarter, Investors