Dogecoin is dropping to $0.18 while long-term holders are fleeing.

Dogecoin's Drop and Market Situation

Dogecoin has fallen by 2.3% to $0.1827, breaking an important support level. This situation has been exacerbated by increased sales from large investors, known as 'whales', and long-term holders leaving the market. The technical indicators for the cryptocurrency also show a negative trend.

The price movement known as Death Cross reinforces the downside risks. Investors are closely watching the $0.1830-$0.1850 range. If the price falls below $0.177, this could trigger a larger drop towards the $0.14 level.