# Dogecoin holds above $0.080 as whale selling pauses, bears linger

**Published:** 2026-05-15T20:30:13.000Z  
**Topic:** Ethereum  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/116a5b79-1672-41c2-ab35-d36892c7ecc9

Dogecoin steadies above $0.080 on June 11, 2024, with whale activity easing but retail sentiment weak and bearish momentum persisting.

Dogecoin hovered just above the $0.080 support line on Tuesday, edging toward $0.085 despite a broader risk‑off mood in crypto markets. The price rise, under 1%, came as large “whale” wallets slowed their profit‑taking, giving the token a brief respite from selling pressure.  

On‑chain data from Santiment shows wallets holding more than 1 billion DOGE—typically exchange‑controlled—now own 47.14% of the supply, up from 45.73% on April 25. Meanwhile, the “influential” whale cohort (10 million‑to‑1 billion DOGE) fell to 35.01% from 36.37%, indicating a slowdown in active distribution. This pause in whale off‑loading coincided with a sharp drop in the percentage of DOGE supply that is in profit, which fell to 37.85% from a May 14 high of 58.01%. The shrinking profit pool suggests more holders are sitting at a loss, a factor that typically dampens buying enthusiasm.  

Retail participation remained muted, with futures open interest (OI) stuck around $1 billion—the lowest level since March 24—signaling that traders are pulling back from leveraged positions. The bearish technical picture persisted: the MACD stayed below zero, and the 50‑day EMA sits at $0.0973, well above current prices. Yet the RSI nudged up to roughly 50, hinting that downside momentum may be easing.  

If DOGE can defend the $0.080 floor, the next hurdle is the former support‑turned‑resistance at $0.0897. A clean break above that level could open a path toward the 50‑day EMA and, eventually, the $0.10 mark that analysts cite as a meaningful bullish target. Conversely, a slip below $0.080 would likely trigger a move toward $0.0776 and deeper downside territory.  

The current rally appears fragile—a short‑term relief bounce rather than a sustained uptrend. With retail sentiment weak, futures participation low, and technical indicators still bearish, the market will watch closely whether DOGE can muster enough buying pressure to break through $0.0897. Failure to do so could see the token backtrack toward $0.0776, while a successful breach would reshape the narrative from a bear‑dominated correction to a potential recovery.

## Sources
1. Invezz — [Dogecoin stays below $0.085 as retail sentiment remains weak](https://invezz.com/news/2026/06/11/dogecoin-stays-below-0-085-as-retail-sentiment-remains-weak/)
2. Coinalert — [Ethereum’s ConsenSys Closes $450M Round And Announces Major](https://coinalert.eu/3343159535-ethereums-consensys-announces-changes-to-metamask.html)

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Cite as: TrendWatcher, "Dogecoin holds above $0.080 as whale selling pauses, bears linger", https://www.trendwatcher.in/article/116a5b79-1672-41c2-ab35-d36892c7ecc9