Dogecoin Price Forecast: Large Holders Sell Off $440 Million – Is This a Final Alert Before a Significant Decline?

Whales sold off $440 million in DOGE during the 72 hours preceding Halloween, which has tempered optimistic Dogecoin price forecasts for November.

Expectations for an “Uptober” for the meme coin have not come to fruition, leading to a bearish outlook as its most steadfast holders exit.

440 million Dogecoin $DOGE sold in 72 hours! pic.twitter.com/UYDwACNSvH

— Ali (@ali_charts) October 31, 2025

The actions of Doge’s most significant players have hindered bulls from maintaining a crucial demand zone at $0.18, effectively nullifying an ascending channel pattern that previously aimed for $0.26–$0.33.

The next key support level is significantly lower, around $0.07, a range that would signify a substantial retracement of recent gains and a return to pre-bull market conditions.

Dogecoin Price Prediction: Is a Complete Collapse Imminent?

Dogecoin may be on the verge of an early recovery from Ali’s pessimistic perspective, with historical demand zones suggesting a potential bottom.

Previous strong demand levels at $0.12 and $0.09 could serve as more natural points for a cooldown, potentially limiting losses to 30% or 50% respectively, especially as momentum indicators indicate a decrease in selling pressure.

DOGE / USD 1-day chart, ascending channel breakdown. Source: TradingView.

While the MACD histogram’s dip below the signal line suggests a new downtrend, the RSI approaches the 30 oversold threshold, a level that has historically indicated bottoms for Dogecoin price corrections.

A rebound at this juncture could negate the current breakdown, reinstating Dogecoin’s ascending channel structure and potentially setting up a possible 190% rally toward $0.50 if momentum shifts back to bullish.

Fundamental factors support this scenario, with ongoing U.S. interest rate reductions aimed at enhancing risk appetite and new demand opportunities through spot DOGE ETFs.

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