Dogecoin News Today: Whales Distribute 150M DOGE as Selling Pressure Drags Dogecoin to $0.1226

Dogecoin fell sharply on December 29, 2025, as year-end selling pressure broke a critical support level, dragging the price to $0.1226 . The decline was marked by above-average trading volume, signaling a genuine breakdown rather than a temporary dip. Whale activity also intensified, with large holders distributing approximately 150 million DOGE over the last five days, limiting any meaningful price recovery .

The price drop extended a bearish trend that has defined Dogecoin's December performance. Sellers have consistently used short-term rebounds to reduce exposure, keeping the market in a defensive posture. Despite the decline, open interest in Dogecoin derivatives rose above $1.5 billion, indicating continued trader engagement . This divergence between spot price and futures activity highlights the fragile state of the market.

Technical indicators reinforced the downward pressure. Dogecoin broke below the $0.1248 support level, a key floor for recent consolidation, and quickly fell into the $0.122–$0.123 range. The breakdown was volume-confirmed, with over 857 million DOGE changing hands during the decline, a sign of active distribution. While the Relative Strength Index (RSI) pointed to oversold conditions, this alone has not been enough to reverse the trend in the thin liquidity environment typical of late December.

Dogecoin's struggles are not isolated from broader market trends. The crypto Fear & Greed Index, a gauge of investor sentiment, remains in "Extreme Fear" territory at 24, reflecting widespread caution. This pervasive fear has led to lower liquidity and muted price action, making it difficult for assets like Dogecoin to break free from the downward pressure. Additionally, trading volume for DOGE has remained near its lowest levels of the year, further signaling cautious participation.

Despite the weak spot market, derivatives traders remain active. Open interest for Dogecoin has rebounded from a low of $1.3 billion in mid-December back above $1.5 billion. This increase suggests new capital is entering the market, often a precursor to price recovery. However, rising open interest in a bearish market can also indicate speculative trading and potential for increased volatility, especially when leverage is involved.

Technical Outlook and Price Projections

From a technical perspective, Dogecoin faces a critical juncture. The breakdown below $0.1248 has placed the price in a descending channel with consecutive lower highs. If the current support level at $0.1226 holds and price reclaims $0.1248, a short-term bounce toward $0.1270 could occur. However, if this support fails, the next downside target would be $0.118, where prior demand pockets and the lower boundary of the channel converge .

Analysts are watching closely for signs of a reversal or a deeper decline. A sustained move above $0.15 resistance would be a positive signal, potentially leading to a test of the 100-day EMA at $0.17. Failure to reclaim this level would likely keep bears in control beneath the 200-day EMA at $0.19. The Average Directional Index (ADX) remains at 36, indicating a consolidative phase until a clear break occurs .

Risks and Investor Considerations

The current market environment presents several risks for Dogecoin investors. Whale selling continues to suppress price action, and without a surge in buying interest, the downward pressure may persist. Regulatory uncertainty also looms over the cryptocurrency market, with potential crackdowns on meme coins like DOGE posing a further threat to investor confidence.

For traders, the key is to monitor both price and volume action. A genuine recovery would require not just a bounce in open interest but also a significant increase in trading volume. Until then, the market remains highly sensitive to small price movements, with the potential for forced liquidations to exacerbate volatility.