The aristocracy of Dogecoin, those esteemed holders of 10 million to 100 million DOGE, have been seen engaging in a most unseemly display of selling, reminiscent of a particularly unimpressed parrot mid-temper tantrum. One might say the market has been left gasping, clutching its pearls (or rather, its wallets) as the price tumbles like a disgruntled penguin on ice.
Recent price movements, if one may call them such, suggest the market is reacting with the enthusiasm of a guest at a funeral. A 2% daily loss and a 6% weekly decline-ah, the thrill of it all! One wonders if the whales have finally grown weary of their own opulence.
Whales Offload 440 Million DOGE
Crypto analyst Ali Martinez, that paragon of clarity, reported that these wealthy wallets, with their 10m-100m DOGE, offloaded a staggering 440 million tokens in a mere 72 hours. The immutable ledger of blockchain reveals a sharp drop in whale holdings, as if the whales themselves had been lured into a particularly uninviting tide.
440 million Dogecoin $DOGE sold in 72 hours!
– Ali (@ali_charts) October 31, 2025
Dogecoin is trading near $0.19, a figure so low it might as well be a joke written by a toddler. The 2% daily loss and 6% weekly decline are nothing short of a masterclass in disappointment. Martinez, ever the optimist, notes that over 500 million DOGE were moved by these titans of the market in a single week. One imagines the whales now sipping champagne while the rest of us scramble for change.
Triangle Breakdown Signals Weakness
Technical charts from Trader Tardigrade reveal Dogecoin breaking down from a symmetrical triangle pattern, a structure as reliable as a politician’s promise. The daily timeframe has seen the price plunge below trendlines, a spectacle as thrilling as a slow-motion car crash. The 4-hour chart, meanwhile, hints at a false breakdown, with the price briefly dipping below $0.178 before recovering-a performance so lackluster it could only be described as “dramatic.”
The chart suggests continued downside pressure, though one suspects the market is merely taking a nap. The drop follows an earlier downtrend, supported by a steady decline in volume and momentum-proof that even the most ardent supporters of Dogecoin are beginning to question their life choices.
Notably, these failed moves on both sides may trap traders on the wrong side of the market. If the bounce continues, a short-term move back to $0.195 or higher is possible. Tardigrade, ever the sage, remarks, “Dogecoin has fallen into a support zone while its RSI has dropped into the oversold zone,” suggesting a reaction from buyers at this level. One can only hope the buyers are as plentiful as the whales are prolific.
Long-Term Cycle Still in Play
CryptoPotato reports that Dogecoin has followed repeating long-term cycles, each beginning with a sharp drop, followed by a sideways phase, and then a strong move higher. The first cycle ended with a gain of over 5,800%-a feat so impressive it might as well be a myth. The second peaked above 21,000%, reaching $0.74 in 2021. One might say the market was riding high on a wave of collective delusion.
Meanwhile, there are early signs that a third Dogecoin cycle may be forming. A breakout has not been confirmed, but the structure remains valid (even though unlikely), with possible targets between $5 and $7. One can only hope the market’s next move is as exciting as a spreadsheet filled with zeros.
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2025-10-31 18:03