- $13.9 million in DOGE futures liquidated in 24 hours.
- Whale wallets added 750 million DOGE on dips.
- Resistance now at $0.150, $0.168, and $0.174.
Dogecoin’s latest price movement signals a period of elevated risk, with long positions worth more than $216 million exposed to liquidation pressure.
As of this writing, Dogecoin is trading at $0.1407, having dropped sharply below key support at $0.150.
Source: CoinMarketCap
This move has triggered concerns across derivatives markets, where traders are watching closely for further signs of volatility.
Technical indicators suggest that if the decline continues, the token could approach the next major support level at $0.132, and even as low as $0.120, placing additional pressure on leveraged positions.
While long-term holders are showing confidence by accumulating DOGE at lower prices, short-term market signals remain mixed.
$216 million in long trades at risk
Dogecoin’s breach of the $0.150 level has already placed substantial long interest in jeopardy.
If prices continue to slide toward $0.132, the probability of cascading liquidations will grow.
In the past 24 hours, approximately $13.9 million in Dogecoin futures positions have already been liquidated.
Over 92% of those were long positions, showing how heavily bullish traders have been impacted by the pullback.
This suggests that many leveraged traders were not prepared for a dip below $0.150, and their forced exits may contribute further to downward momentum.
The risk is amplified by the possibility of more liquidations in the event of further weakness, particularly if DOGE approaches or breaches $0.120.
Technical resistance is now evident around $0.150, which was a key support level before the drop.
Traders are also watching $0.168 to $0.174 as an upper range of resistance, with more formidable barriers forming near $0.18 and $0.20.
These levels would need to be cleared before any short-term bullish reversal could take place.
Without a strong rebound, however, the market remains vulnerable to continued downward pressure and volatility driven by margin calls.
Long-term holders accumulate DOGE
Despite near-term bearish sentiment, long-term holders continue to accumulate Dogecoin.
Blockchain data shows that large DOGE wallets, particularly those holding between 10 million and 100 million coins, added 750 million DOGE during a dip earlier in the year.
This accumulation trend is supported by a sharp rise in inflows to whale addresses, with inflows increasing by 323.86% over a 30-day period and over 3,700% across a 90-day window.
At the same time, the average holding period for Dogecoin has risen significantly, with a 302% increase in holding time noted in late January.
This suggests that long-term holders are not only accumulating but are also less inclined to sell during market downturns.
Resistance at $0.150 limits upside
With the recent sell-off, Dogecoin now faces multiple layers of resistance.
The immediate resistance zone lies between $0.150 and $0.168, where earlier support levels are likely to act as psychological and technical barriers.
A breakout above $0.174 could provide some relief, but more meaningful resistance remains at $0.18 and $0.20—levels that were tested in early 2025 but not held.
Unless Dogecoin can break through these levels and regain bullish momentum, the price is expected to remain under pressure.
Traders are likely to adopt a cautious approach, particularly as liquidation risks continue to hang over the market.
On-chain data supports the view that while long-term conviction in Dogecoin is strong, short-term volatility and resistance levels are dictating market direction.
The coming days will be crucial in determining whether DOGE can recover and build upward momentum, or whether it will drift further below key levels, triggering additional long liquidations and intensifying the downtrend.
