Dogecoin Fights to Maintain the $0.15 Level: Will the Bulls Step In k?

Dogecoin — DOGE, holding its price at $0.15 like a boxer leaning on the ropes, bloody but still standing. Over 570 million DOGE has flowed out of large wallets this week, slipping into the market like a silent surrender. On-chain signals indicate pain—every move reflecting a realized loss, not a win. Yet somehow, the price remains stable, only falling 1.5%. This is not luck. This is buyers stepping in. But is this strength real—or just a pause before another bearish drop? The whales are running away, but there are people catching the bags. After the price surge in November, Dogecoin skyrocketed to $0.49. However, the uptrend of DOGE did not last. The recent pullback has wiped out almost all the gains after the election, leaving the current price deep in the red—down about 70% from the peak. Short-term holders jumped in during the hype. Now, many are stuck or have exited near the breakeven point. The 1–3 month group once held 17.47% of the supply. That figure has now fallen to just 6.5%. This is not just a change. It is a mass exit. An important on-chain metric, the Realized Profit/Loss Ratio, has turned negative. This means that coins are being moved at a loss rather than at a profit. The emergency exit is not just open - people are rushing outside. Whale addresses, once filled with DOGE, have dumped a large amount into the market. Fear can be greater than greed, and recently, that fear has echoed across the charts. Despite the wave of capitulation, the price has not yet been broken. Holding above $0.15 suggests an invisible force - possibly retail buyers or average wallets - is absorbing the losses. They cannot stop the storm, but they are slowing down the flood. The Loyal Are Still Buying Not every player gives up. Some holders maintain their stance and even remain optimistic. Earlier this year, when Dogecoin rose to $0.41, a change occurred beneath the surface. Long-term holders began to accumulate again as Hodler Net Position Change turned green during the price increase—a quietly but powerfully sign of renewed confidence.

Since then, the 1–2 year wallet group has increased its holdings from 28% to 32%. This is not a coincidence. It is a group that has locked in for a long time. Even more promising—retail wallets continue to withdraw DOGE from exchanges. Over 16 million tokens have exited the spot market as the price fell to $0.14. These withdrawals indicate quiet accumulation, not panic. While the whales run, the smaller players will rise. Like hands catching falling shards of glass, buyers or the bulls are trying their best to prevent further cuts. But this balance remains fragile. A recovery will not happen until the selling pressure completely disappears. Buyers need to conquer the fear that still lurks in their subconscious. Currently, $0.15 is a line drawn in the sand. If the bulls do not step in soon, that line may be blurred.