Dogecoin Risks 250M Token Sell-Off as Price Tests $0.211 Key Support

Dogecoin (DOGE) is sitting at $0.211 today and this could be the level that decides what happens next. The price action comes after DOGE...

Written by: Arslan Butt • Tuesday, September 2, 2025 • 1 min read

• Last updated: Tuesday, September 2, 2025

Quick overview

Dogecoin (DOGE) is currently priced at $0.211, facing pressure from bearish derivatives and on-chain metrics.
A close below $0.211 could lead to a decline towards the $0.181 support zone, while holding above may allow for a small bounce.
Negative funding rates and increasing short positions indicate weakness in the market, with large holders selling 250M DOGE since August 25.
Technical indicators show bearish momentum, with the RSI at 46 and MACD also indicating a downward trend.

Dogecoin (DOGE) is sitting at $0.211 today and this could be the level that decides what happens next. The price action comes after DOGE rejected the broken ascending trendline over the weekend and fell 3% on Monday.

Currently testing the 200-day Exponential Moving Average (EMA), Dogecoin is under pressure from derivatives and on-chain metrics which are both bearish. A close below $0.211 could accelerate the decline to the $0.181 support zone, while above it could give room for a small bounce.

Derivatives Data Shows Weakness

CoinGlass data shows Dogecoin’s funding rate went negative at -0.0010% today, which means shorters are paying longs. Historically this has coincided with price drops.

Dogecoin whale just moved another $250M—whale movement intensifies! 🐋💼 #Dogecoin #CryptoWhales

— jodi.eth 💎 💎 (@Jodi_ETHx8) September 1, 2025

Also the long-to-short ratio is bearish, meaning more traders are shorting.

Santiment’s supply distribution data confirms this. Since August 25, large holders have been reducing their exposure, with whales across multiple cohorts selling 250M DOGE.

Key Bearish Indicators:

Funding Rate: Flipped negative at -0.0010%
Long-to-Short Ratio: Short bets are rising
Whale Activity: 250M DOGE sold since August 25

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

Dogecoin Technical Outlook and Forecast

From a technical perspective, the RSI is at 46, below 50, which means momentum is bearish. The MACD is also bearish. If the 200-day EMA at $0.211 fails Dogecoin could drop to the weekly support at $0.181. A bounce from this level could give a short term recovery with initial resistance at $0.247.

In summary, Dogecoin is at a crossroads. Heavy whale selling, weakening derivatives data and bearish technicals are weighing on the price. Unless $0.211 holds DOGE could be headed for a deeper correction in the coming days.

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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.