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Dogecoin falls 2.48% amid large holder sell-off and bearish technical signals

Market News
01 Sep 2026
Blockonomi
View Source
Bearish
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Dogecoin (DOGE) declined 2.48% to $0.082 on August 31, marking three consecutive days of net selling pressure primarily from large holders offloading around 260 million tokens since August 21. Futures open interest dropped from $1.58 billion to $1.27 billion as traders closed long positions, signaling weakening bullish conviction. Technical analysis shows a bearish Hanging Man pattern at resistance, suggesting potential further decline toward $0.07 if support at $0.082 fails. Despite this, Dogecoin ETFs have seen modest inflows totaling $800,000 since mid-August, indicating some institutional interest amid the volatility.

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