{"id":30183,"date":"2025-08-01T17:10:31","date_gmt":"2025-08-01T17:10:31","guid":{"rendered":"https:\/\/cryptd.in\/dogecoin-slides-8-but-long-term-channel-holds-can-doge-rebound\/"},"modified":"2025-08-01T17:10:31","modified_gmt":"2025-08-01T17:10:31","slug":"dogecoin-slides-8-but-long-term-channel-holds-can-doge-rebound","status":"publish","type":"post","link":"https:\/\/cryptd.in\/fi\/dogecoin-slides-8-but-long-term-channel-holds-can-doge-rebound\/","title":{"rendered":"Dogecoin Slides 8% but Long-Term Channel Holds, Can DOGE Rebound?"},"content":{"rendered":"<p><b>TL;DR<\/b><\/p>\n<ul>\n<li><span>Dogecoin dropped to $0.20, moving in a $0.23 to $0.20 range during heavy selling.<\/span><\/li>\n<li><span>Analysts see support in the long-term channel and a wedge pattern aiming for $0.265.<\/span><\/li>\n<li><span>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>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>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>Dogecoin<\/span><\/a><span> trades at $0.20 as of press time, down 11% over the past week, giving it a market cap of $31 billion.<\/span><\/p>\n<h2><b>Long-Term Channel Remains Intact<\/b><\/h2>\n<p><span>Trader Tardigrade shared a 1-month chart showing DOGE inside a long-term ascending channel that has held since 2014. DOGE has often bounced from the lower boundary of this channel, shown in pink on the chart.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24Doge&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$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><span>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>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><span>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>acquired<\/span><\/a><span> 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>added<\/span><\/a><span> 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>Virka <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> ilmestyi ensin osoitteessa <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>","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":30185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[21],"class_list":["post-30183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds","tag-dogecoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dogecoin Slides 8% but Long-Term Channel Holds, Can DOGE Rebound? - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/fi\/dogecoin-slides-8-but-long-term-channel-holds-can-doge-rebound\/\" \/>\n<meta property=\"og:locale\" content=\"fi_FI\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dogecoin Slides 8% but Long-Term Channel Holds, Can DOGE Rebound? - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"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;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptd.in\/fi\/dogecoin-slides-8-but-long-term-channel-holds-can-doge-rebound\/\" \/>\n<meta property=\"og:site_name\" content=\"cryptd.in\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-01T17:10:31+00:00\" \/>\n<meta name=\"author\" content=\"cryptd.in\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Kirjoittanut\" \/>\n\t<meta name=\"twitter:data1\" content=\"cryptd.in\" \/>\n\t<meta name=\"twitter:label2\" content=\"Arvioitu lukuaika\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minuuttia\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/dogecoin-slides-8-but-long-term-channel-holds-can-doge-rebound\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/dogecoin-slides-8-but-long-term-channel-holds-can-doge-rebound\\\/\"},\"author\":{\"name\":\"cryptd.in\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/#\\\/schema\\\/person\\\/7973e8183bc6723b86adfe84d5af0ce4\"},\"headline\":\"Dogecoin Slides 8% but Long-Term Channel Holds, Can DOGE Rebound?\",\"datePublished\":\"2025-08-01T17:10:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/dogecoin-slides-8-but-long-term-channel-holds-can-doge-rebound\\\/\"},\"wordCount\":383,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/dogecoin-slides-8-but-long-term-channel-holds-can-doge-rebound\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2025\\\/08\\\/DOGE_CB-10-NWUe4I.jpg\",\"keywords\":[\"#Dogecoin\"],\"articleSection\":[\"Feeds\"],\"inLanguage\":\"fi\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/cryptd.in\\\/dogecoin-slides-8-but-long-term-channel-holds-can-doge-rebound\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/dogecoin-slides-8-but-long-term-channel-holds-can-doge-rebound\\\/\",\"url\":\"https:\\\/\\\/cryptd.in\\\/dogecoin-slides-8-but-long-term-channel-holds-can-doge-rebound\\\/\",\"name\":\"Dogecoin Slides 8% but Long-Term Channel Holds, Can DOGE Rebound? 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