Dogecoin Slips Below $0.18 as Holders Exit—Is $0.157 the Next Stop?

Dogecoin (DOGE) is showing signs of a bearish reversal after dipping below $0.18 at the start of the week. According to Santiment, DOGE hold

Written by: Arslan Butt • Monday, June 16, 2025 • 1 min read

• Last updated: Monday, June 16, 2025

Quick overview

Dogecoin (DOGE) is experiencing a bearish reversal after dropping below $0.18, with significant selling activity from holders.
The Network Realized Profit/Loss (NPL) metric has spiked, indicating that profit-taking is putting pressure on DOGE's price.
DOGE has broken key support levels, currently trading around $0.176, with bearish indicators suggesting further declines.
A potential bounce back above $0.181 could occur, but it would require a shift in market sentiment and reduced selling pressure.

Dogecoin (DOGE) is showing signs of a bearish reversal after dipping below $0.18 at the start of the week. According to Santiment, DOGE holders are cashing out at a rate not seen since early May. The Network Realized Profit/Loss (NPL) metric spiked on Saturday, the highest this month.

This selling activity means holders are taking profits, putting pressure on DOGE. Historically, NPL spikes have preceded short-term tops and big corrections.

Another bearish sign comes from Santiment’s Age Consumed index. This metric tracks tokens that have been dormant in wallets for a long time. Recent spikes mean long term holders are activating their assets, often a sign of selling pressure as tokens move from cold storage to exchanges.

DOGE Below Support

Dogecoin couldn’t hold the bullish momentum after hitting resistance at the 50-day EMA of $0.195 last Wednesday. It has since dropped 9% and broke the weekly support of $0.181 on Thursday. The decline continued over the weekend and DOGE is down 3% to $0.176 on Monday.

Current DOGE price: ~$0.176
50-day EMA resistance: $0.195
Broken support: $0.181
Next support: $0.157 (April 22 low)

Indicators are bearish. RSI is at 38, below the 50, oversold. MACD has crossed bearish, expecting more decline.

Dogecoin Price Chart - Source: Tradingview — Dogecoin Price Chart – Source: Tradingview

Can DOGE Bounce Back Above Resistance?

While momentum is against Dogecoin, it’s not impossible to bounce back. If DOGE can close above $0.181, there’s a chance for a short term bounce to $0.195. But that would require a big change in sentiment and market conditions, and lower on-chain selling.

Watch:

Daily RSI for oversold signals
MACD for reversal signals
Volume at support

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.