{"id":40021,"date":"2025-08-01T17:17:00","date_gmt":"2025-08-01T17:17:00","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=40021"},"modified":"2025-08-01T17:17:00","modified_gmt":"2025-08-01T17:17:00","slug":"dogecoin-slides-8-but-long-term-channel-holds-can-doge-rebound","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=40021","title":{"rendered":"Dogecoin Slides 8% but Long-Term Channel Holds, Can DOGE Rebound?"},"content":{"rendered":"<div>\n<p><b>TL;DR<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Dogecoin dropped to $0.20, moving in a $0.23 to $0.20 range during heavy selling.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Analysts see support in the long-term channel and a wedge pattern aiming for $0.265.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Large holders bought 310 million coins, while Bit Origin added 40 million to reserves.<\/span><\/li>\n<\/ul>\n<h2><b>Dogecoin Records Sharp Daily Decline<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Dogecoin (DOGE) fell 8% in the past 24 hours, dropping from $0.22 to $0.21. This was one of the steepest daily moves for the token in July. The price action moved within a $0.23 to $0.20 range, facing resistance at the top and heavy selling near the session close.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, trading volumes spiked, with a midnight surge to 1.25 billion DOGE, which points to large liquidations and cascading sell orders from leveraged positions.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/doge-breakout-confirmed-new-bullish-signal-emerges\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">Dogecoin<\/span><\/a><span style=\"font-weight: 400;\"> trades at $0.20 as of press time, down 11% over the past week, giving it a market cap of $31 billion.<\/span><\/p>\n<h2><b>Long-Term Channel Remains Intact<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Trader Tardigrade shared a 1-month chart showing DOGE inside a long-term ascending channel that has held since 2014. DOGE has often bounced from the lower boundary of this channel, shown in pink on the chart.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24Doge&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$Doge<\/a>\/M1<a href=\"https:\/\/twitter.com\/hashtag\/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#Dogecoin<\/a> Long term Channel has been established <a href=\"https:\/\/t.co\/m8nfq29Q8M\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/m8nfq29Q8M<\/a><\/p>\n<p>\u2014 Trader Tardigrade (@TATrader_Alan) <a href=\"https:\/\/twitter.com\/TATrader_Alan\/status\/1951206802911273332?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">August 1, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, the current price is near the lower-middle part of the channel, an area that has led to multi-month rallies when the trend held. Dogecoin\u2019s long-term structure stays intact while it trades within this ascending channel, even after the recent decline.<\/span><\/p>\n<p>In addition, Trader Tardigrade also <a href=\"https:\/\/x.com\/TATrader_Alan\/status\/1951243030847168631\" data-wpel-link=\"external\" target=\"_blank\">noted<\/a> that Dogecoin\u2019s monthly candle closed as the third consecutive bullish engulfing candle, which he described as a setup for a potential \u201cmove to Valhalla.\u201d<\/p>\n<h2><b>Short-Term Wedge and Institutional Activity<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Ali Martinez noted that DOGE may be forming a falling wedge on the 1-hour chart, with a projected target of $0.265. A move above $0.229\u2013$0.230 would confirm bullish momentum, while $0.215\u2013$0.210 remains key support if the wedge fails.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Dogecoin <a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$DOGE<\/a> could be forming a falling wedge, which projects a target of $0.265! <a href=\"https:\/\/t.co\/P9WQbMrXfI\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/P9WQbMrXfI<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1950995629225943151?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">July 31, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Institutional wallets <\/span><a href=\"https:\/\/cryptopotato.com\/whales-keep-buying-the-dips-310m-doge-snapped-up-in-a-day\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">acquired<\/span><\/a><span style=\"font-weight: 400;\"> 310 million DOGE during the correction. Bit Origin <\/span><a href=\"https:\/\/cryptopotato.com\/bit-origin-secures-500-million-equity-and-debt-facilities-to-launch-dogecoin-treasury\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">added<\/span><\/a><span style=\"font-weight: 400;\"> 40 million DOGE to its treasury under a $500 million diversification program. Broader crypto markets remain pressured by macroeconomic uncertainty, with inflation and equity risk shaping short-term demand.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/dogecoin-slides-8-but-long-term-channel-holds-can-doge-rebound\/\">Dogecoin Slides 8% but Long-Term Channel Holds, Can DOGE Rebound?<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Dogecoin dropped to $0.20, moving in a $0.23 to $0.20 range during heavy selling. Analysts see support in the long-term channel and a wedge pattern aiming for $0.265. Large holders bought 310 million coins, while Bit Origin added 40 million to reserves. Dogecoin Records Sharp Daily Decline Dogecoin (DOGE) fell 8% in the past [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-40021","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40021"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40021\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}