Dogecoin on the Edge: Short-Term Holders Realize $38 Million in Losses as Price Eyes Drop to $0.10

Dogecoin (DOGE) is under pressure as technical indicators and investor behavior point toward a potential major drop. While the meme coin saw a slight uptick of 0.3% on June 30 to $0.164, the broader trend remains bearish — and the outlook is clear: a plunge to $0.106, more than 30% lower than current levels.

Technical Setup: Bear Flag Formation Signals Trouble On the daily chart, DOGE is forming a bear flag, a classic pattern indicating a likely continuation of a downtrend after a brief recovery. If Dogecoin loses support at $0.157, and especially if it falls below $0.142, it may open the door to a sharp correction toward $0.106. The $0.10 level is a key psychological support. If bulls fail to defend it, Dogecoin could “add another zero,” plunging well below the crucial threshold. 🔹 The Relative Strength Index (RSI) has remained below the 50 mark for nearly a month, confirming bearish control.

🔹 The MACD is sloping upward but has yet to cross the zero line, keeping the downtrend narrative alive.

Realized Losses Surge: Short-Term Holders in the Red by $38 Million The situation worsens as short-term holders — investors known for emotionally driven decisions — have realized $38 million in losses over the past 24 hours. 📉 According to Santiment, the net realized profit/loss metric has plunged deep into negative territory.

📉 Glassnode data confirms that DOGE was the only top-10 crypto asset to log more losses than gains in the last 24 hours — with $132 million in realized losses versus just $5 million in gains.

This surge in selling pressure may trigger further panic, discouraging new buyers. If demand dries up and negative sentiment persists, the bear flag could fully unfold — sending Dogecoin to its lowest price levels of 2024.

#Dogecoin , #DOGE , #memecoin , #CryptoMarket , #CryptoNewss

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