Dogecoin News Today: Dogecoin's $0.25 Support Holds as Whales Counter $13M Liquidation Wave

Source: [1] Dogecoin Plunges 8% Before Whale Buying Stabilizes ... (https://www.coindesk.com/markets/2025/10/08/dogecoin-plunges-8-before-whale-buying-stabilizes-at-doge-prices-usd0-25) [2] Dogecoin (DOGE) Price: $13 Million in Potential Liquidations Could ... (https://coincentral.com/dogecoin-doge-price-13-million-in-potential-liquidations-could-fuel-major-breakout/) [3] Dogecoin faces support test as liquidation pressure mounts (https://coinjournal.net/news/dogecoins-support-under-threat-amid-rising-liquidation-pressure/) [4] Dogecoin (DOGE) Price: Analysts Project Possible $1 Target by 2026 (https://blockonomi.com/dogecoin-doge-price-analysts-project-possible-1-target-by-2026/)

Dogecoin (DOGE) experienced a sharp 8% decline in early October 2025 following a weekend liquidation event, with whales offloading holdings at the $0.27 resistance level before stabilizing near $0.25. The sell-off, which saw over 1 billion tokens traded during a two-hour window, triggered $13.9 million in futures liquidations, with 92% attributed to long positions . Despite the volatility, late-session buying activity from institutional investors and whale accumulation of 30 million DOGE signaled potential support, preventing a deeper slide into the $0.24 range .

Technical analysis highlights a symmetrical triangle pattern, with $0.25 acting as a critical support level and $0.27 as immediate resistance. The price action reinforced a double-bottom formation between October 8 and 9, suggesting a short-term base could form. However, volume spikes exceeding 1 billion DOGE during the liquidation indicated institutional distribution pressure, contrasting with the 500 million average daily volume . The 24-hour trading range of $0.144 (4.8%) underscored fragile order books, while the 200-day EMA at $0.1729 remained a key trendline for bulls .

Liquidation risks remain elevated, with $10.96 million in short liquidations potentially triggering at $0.1755 and $13.65 million at $0.1761. These levels could fuel a price surge if support at $0.1667 holds, as noted by analyst Ali Martinez. Conversely, a breakdown below $0.161 could extend the downtrend, testing $0.120 . Whale activity, including a 750 million DOGE accumulation in recent months, has offset short-term bearish sentiment, with inflows to large wallets rising 323.86% over 30 days .

Market participants are closely monitoring three key factors: 1) whether $0.25 remains a structural floor, 2) the impact of pending SEC rulings on DOGE-linked ETF filings, and 3) macroeconomic drivers such as global monetary easing and inflation risks . The derivatives market shows growing bullish interest, with open interest increasing 1.45% to $1.69 billion, while short liquidation risks at $0.1755 and $0.1761 could catalyze a rebound to $0.183 .

Long-term projections remain divergent. A conservative scenario sees DOGE trading between $0.20–$0.60 by 2025–2030, while a bull case targets $1–$5 by 2026, contingent on meme coin ETF adoption and renewed institutional flows . Immediate resistance at $0.33–$0.35 and support at $0.16–$0.17 will be critical for confirming the trend's direction. With October historically a strong month for crypto, the coming weeks will test whether DOGE can break through its consolidation phase and rekindle a broader altcoin rally .