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Dogecoin falls to $0.068 as large holders sell 750 million DOGE since Nov 3, signaling weak recovery prospects

Market News
11 Nov 2026, 15:16 WIB
CryptoTicker
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Bearish
Dogecoin falls to $0.068 as large holders sell 750 million DOGE since Nov 3, signaling weak recovery prospects

Dogecoin's price dropped to around $0.068, near its 2026 low, with wallets holding 100,000 to 100 million DOGE selling roughly 750 million tokens since November 3. This significant selling pressure from mid-sized and large holders has contributed to the price decline and weak buyer interest, as reflected in the futures market's low funding rates and lack of buying momentum. The price remains below key moving averages, indicating a continuing downtrend, with support around $0.065 and resistance near $0.077. The recent termination of the service contract between 21Shares and House of Doge for the US Dogecoin ETF adds to the negative sentiment. Investors should consider their buying options carefully, weighing direct purchase versus ETP costs and regulatory factors.

Following the recent large-scale selling of Dogecoin by whales, the token continues to face pressure on Pluang. As of Nov 11, 2026 20:31 WIB, DOGE trades at Rp1.233 with a 1-day decline of 1.75%. Despite this, Pluang users show a buying preference with 75% of order activity on the platform being buys, and the average holding period stands at 111 days, indicating some investor confidence amid the volatility.

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