Dogecoin maintains $0.11 price while whale opens 10x long position on KuCoin
May 19, 2026
Dogecoin’s price is currently hovering around $0.11, with analysts closely monitoring the potential for a breakout towards the $0.13 to $0.15 range. A new wallet recently opened a significant 10x long position on 20 million DOGE, valued at approximately $2.25 million. However, this large DOGE long position faces the risk of liquidation if the price drops below $0.10284.
Market observers are paying attention to Dogecoin’s price action, particularly in light of a broader crypto market pullback that led to significant liquidations across various cryptocurrencies such as Bitcoin and Ethereum. Despite this volatility, Dogecoin has managed to hold a key historical support structure, prompting traders to assess whether bulls can maintain control in the face of market pressure.
Trader Tardigrade highlighted Dogecoin’s weekly chart, pointing out that the current price level is in close proximity to a long-term rising support line that has historically preceded significant rallies in previous cycles. This support area has proven to be pivotal for Dogecoin across multiple market cycles, indicating that buyers are actively defending this zone. Although there is no immediate confirmation of an impending rally, the resilience of this historical support line suggests a potential for a recovery phase in the future.
Meanwhile, BitGuru noted that Dogecoin is in a prolonged consolidation phase following recent downward trends and a liquidity sweep. The price has been range-bound for several months, but there are indications of a possible breakout towards the $0.13 to $0.15 range if current momentum persists. Immediate resistance levels are identified near $0.1277, with further hurdles at $0.1310, $0.1460, and $0.1507, which could pave the way for a shift in the short-term price structure.
On the downside, there are significant support zones at $0.106, $0.102, and $0.090, which could come into play if Dogecoin fails to breach the existing resistance levels. Additionally, a newly created wallet recently entered a leveraged long position on 20 million DOGE, signaling a substantial bet on a potential Dogecoin rebound. However, the position faces the risk of liquidation if the price falls below a critical threshold.
The recent market downturn resulted in approximately $575 million in total crypto liquidations, with long positions bearing the brunt of the losses. Dogecoin contributed to around $9.55 million of the total liquidation amount, highlighting the potential risks associated with leveraged trading in a volatile market environment. As the cryptocurrency landscape continues to evolve, traders will need to exercise caution and closely monitor key support and resistance levels to navigate market uncertainties effectively.
