Dogecoin Price Slips 10% in a Week as DOGE Bulls Eye $0.12 Recovery Amid Whale Accumulation

Highlights:

• The Dogecoin price is still in the red, exchanging hands at $0.093, marking a 10% slip in the past week.
• Whales have accumulated DOGE at the recent dip, which could ease the selling pressure in the market.
• The technical outlook shows bears are in control, as DOGE bulls eye $0.12 a short-term recovery.

Dogecoin (DOGE) price is in the red, and it is trading around $0.093 at the time of writing on Monday, after falling 10% last week. On-chain data reveal that some of the whales are already holding DOGE at the recent dips, which is an indicator that selling pressure will cool down. The technical perspective indicates a loss of momentum in the technical indicators, as DOGE bulls eye a $0.12 recovery in case it rises above a lower trendline blockade.

The Supply Distribution figures from Santiment favor a bullish outlook for Dogecoin, as some of its whales are buying the dog-meme coin at the latest lows. The metric represents that whales with the number of 100,000 to 1 million (red line) and 10 million to 100 million (blue line) DOGE tokens have earned a total of 250 million DOGE tokens since Thursday. At the same time, whales with 1 million and 10 million (yellow line) lost 110 million tokens. This demonstrates that the initial group of whales capitalized on the chance and hoarded Dogecoin at a discount.

DOGE Bulls $0.12 Short-Term Recovery

Dogecoin (DOGE/USD) on the 1-day chart timeframe is showing a clear shift in market structure, with bearish momentum now dominating. This is after the meme coin decisive breakdown below key support. Price action highlights a failed recovery attempt that transitioned into a strong bearish continuation, within a falling channel.

This pattern allowed the price to rally toward the upper resistance zone around the $0.15 region, which had previously acted as a strong supply area. The sellers took advantage and remained firmly in control. Following the rejection, DOGE broke below the major support level near $0.12, which had acted as a demand zone. This breakdown is technically significant, as former support has now flipped into resistance.

Momentum indicators reinforce the bearish bias in the market. The RSI has dropped toward the lower range, hovering in the oversold territory at 31.91. This suggests that selling pressure remains active, and any short-term bounce could be corrective rather than a bullish reversal. Moreover, the RSI failing to reclaim the 50 midline further confirms bearish control.

Notably, the MACD indicator is now below the orange signal line. This further reinforces the appetite for selling in the dog-themed meme coin. Structurally, DOGE is now forming lower highs and lower lows, a classic downtrend signal on the 1-day chart. The bearish candle expansion following the support break also points to strong selling participation.

Looking ahead, the next key area to monitor lies around the $0.088- $0.081 region, which could act as a temporary demand or pause area. On the upside, any recovery attempts are likely to face resistance near the broken $0.12-$0.15 support band.