Dogecoin fell to $0.066: large wallets reduced holdings by 750 million DOGE

The cryptocurrency Dogecoin (DOGE) was trading around $0.068 on November 11, 2026, after dropping to a new annual low of around $0.066 the previous day. A slight recovery occurred amid ongoing reductions in large wallet balances and weak technical indicators.

According to data from the analytical platform Santiment, since November 3, addresses with balances from 100,000 to 100 million DOGE have collectively reduced their holdings by approximately 750 million tokens.

The changes affected three categories of addresses: from 100,000 to 1 million DOGE, from 1 million to 10 million DOGE, and from 10 million to 100 million DOGE. The reduction in balances may indicate a decline in interest among some large participants in holding the coin. However, this data does not allow for determining what portion of the tokens was directly sold on the market and what portion was transferred between addresses.

Additional signs of pressure from sellers are noted by the analytical platform CryptoQuant. According to its aggregate indicators, large orders and increased trading activity are observed in the spot and futures markets for Dogecoin. In both categories, seller signals predominate.

This dynamic is consistent with the reduction in large address balances, but it does not prove that these transfers were the cause of the DOGE price decline. Amid the weakening price, the cryptocurrency remains below the main exponential moving averages used to assess the market trend direction.

As of November 11, the 50-day EMA was around $0.079, the 100-day was $0.081, and the 200-day was $0.088. All three indicators exceeded the current price of Dogecoin.

The Relative Strength Index (RSI) on the daily chart has fallen into the lower part of the 30–40 range, indicating weak buying momentum and approaching oversold territory. The MACD indicator also remained slightly below the zero line, corresponding to the persistent downward momentum.

Which Levels Could Determine Dogecoin's Further Movement

Analysts highlight the nearest technical support around $0.065. If the price consolidates below this level, the likelihood of continued downward movement may increase. In case of recovery, the first target for buyers will be to overcome the $0.068 area. The next resistance levels are located around $0.077 and $0.079, where the 50-day EMA passes.

Further increases could lead to testing the 100-day moving average around $0.081 and the 200-day EMA near $0.088. A higher resistance level is approximately at $0.102. However, technical benchmarks reflect the market condition at the time of analysis and may change with price and trading activity.

Despite a slight rebound from the annual low, Dogecoin remains below key moving averages. Further dynamics will depend on the demand for the coin, the activity of large holders, and the overall situation in the cryptocurrency market.