Is DOGE Coin Near a Bottom? Holder Data and Key Levels Explained

Dogecoin's price has slipped sharply in recent sessions, reflecting broader cryptocurrency market uncertainty and reduced risk appetite. The decline follows sustained selling pressure as macro concerns and weak sentiment weigh on speculative assets.

Without renewed conviction from long-term holders, DOGE coin may remain vulnerable to further downside in the near term.

Are DOGE Coin Holders Changing Their Stance?

On-chain data suggests an important shift may be developing beneath the surface. The HODLer Net Position Change metric had printed consistent negative bars, indicating long-term holders were reducing exposure rather than accumulating. That behavior aligned with DOGE's recent downtrend and reinforced bearish market sentiment across the meme coin sector.

A notable change emerged (https://studio.glassnode.com/charts/indicators.HodlerNetPositionChange) in the latest data. The metric has spiked into positive territory, signaling renewed accumulation by long-term holders. This shift suggests confidence is slowly returning as prices hover near recent lows. Historically, similar reversals in HODLer behavior have preceded periods of price stabilization or gradual recovery.

Lower prices appear to be driving rising risk tolerance among long-term holders. As DOGE coin moves well below recent highs, value-focused buyers may see the current levels as attractive entry points. Their renewed accumulation could help absorb selling pressure and provide a foundation for price recovery if broader market conditions stabilize.

How Far Will DOGE Coin Price Fall?

Price action shows a decisive bearish continuation (https://www.tradingview.com/x/If99nucY/) after a clean breakdown from the $0.1173 support, confirming a lower-high and lower-low structure. The sharp, impulsive sell-off completed a measured decline of 26.9%, followed by a liquidity sweep below $0.0886. The current bounce toward $0.0921 appears corrective, not trend-changing.

Key resistance is firmly set at $0.1042, which aligns with the prior breakdown level and bearish retest zone. A rejection there likely sends the price back to $0.0886, with continuation targeting $0.0773 next. Market structure, bearish impulse candles, and lack of bullish follow-through all support downside continuation.

Bullish invalidation occurs on a daily close above $0.1042, which would reclaim structure and negate the breakdown. A stronger reversal is only confirmed above $0.1173, shifting momentum neutral-to-bullish. Until then, price remains below all major resistance levels, with trend, structure, and momentum favoring sellers.

Here's Why DOGE Coin Holders Are Turning Their Attention to Minotaurus

From a holder perspective, market behavior increasingly favors digital assets backed by practical on-chain functionality. Cryptocurrencies that serve a defined purpose often maintain engagement far better than those driven purely by speculation. For that reason, if I were to look beyond DOGE coin, my focus would shift toward utility-oriented projects such as Minotaurus (MTAUR) (http://minotaurus.io/insight/818e84f5f39fc6c66bff).

Minotaurus stands out because it is embedded directly into a blockchain gaming platform. The MTAUR token is required for core gameplay functions, including accessing upgrades, advancing through stages, and enhancing in-game characters. This structure ensures token usage is tied to player activity rather than market sentiment alone.

What makes the model compelling is its demand dynamic. As the number of active players rises, token usage surges naturally. Currently changing hands near 0.00012657 USDT, MTAUR remains accessible (http://minotaurus.io/insight/818e84f5f39fc6c66bff) while fitting within a disciplined risk framework.

The project's token distribution further supports sustainability, with only 2% of the total supply allocated to the development team and 10% designated for the community.

In my assessment, crypto projects that combine functional utility with measured tokenomics, like Minotaurus (http://minotaurus.io/insight/818e84f5f39fc6c66bff), are well placed to note a surge in traction and build momentum as adoption expands over time.

Phoenix Media Limited
Victoria, Mahe
Republic of Seychelles

Press contact: PR Department (pr@minotaurus.io)

Web3 PR Agency that helps projects grow, launch, and get noticed. PR for Web3 startups, DAOs, and token launches.

This release was published on openPR.