Whales dumped $440 million of DOGE in the 72 hours before Halloween, putting a damper on bullish Dogecoin price predictions for November.
Hopes for an “Uptober” for the meme coin have failed to materialize, bringing bearish sentiment into the new month as its most convinced holders take flight.
Pressure from Doge’s most influential players has left bulls unable to defend a key demand zone at $0.18, effectively invalidating an ascending channel setup once targeted between $0.26 and $0.33.
The next structurally important support is found much further down, about $0.07an area that would represent a deep reversal of recent gains and a return to pre-bull market levels.
Dogecoin Price Prediction: Is a Large-Scale Crash Next?
Dogecoin could receive an early bailout due to Ali’s bearish outlook, with historic demand zones hinting at a possible bottom.
The past strong demand zones at $0.12 and $0.09 may be a more natural cooling point, limiting losses to 30% or 50% respectively, particularly as momentum indicators show selling pressure fading.
While the MACD histogram’s movement below the signal line points to a new bearish trend, the RSI is approaching the oversold threshold of 30, a zone that has historically marked lows for Dogecoin price corrections.
A bounce here could invalidate the current collapse, restoring Dogecoin’s ascending channel structure and establishing a potential 190% rally towards $0.50 if the momentum turns bullish again.
Fundamentals support the scenario, with continued easing of interest rates in the US to stimulate risk appetite and new touchpoints for demand through DOGE spot ETFs.
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The post Dogecoin Price Prediction: Whales Drop $440 Million – Is This the Final Warning Before a Full-Scale Crash? appeared for the first time in Criptonoticias.
