Dogecoin broke the support at $0.18, 440 million tokens were sold.

Dogecoin Price on the Decline

Dogecoin has fallen below a significant level of $0.18, capturing the attention of investors. This situation arose during a period when large investors (whales) have increased their token distribution and deviated from the general market strengthening trend.

The decline has been monitored with high-volume transaction fluctuations and unsuccessful recovery attempts. This scenario is evaluated more as signs of institutional repositioning rather than panic selling.

Analysts warn that sustained trading below the $0.18 level could lead to a price drop to $0.07. However, it is also noted that if this level is defended, a recovery might be possible.