Dogecoin Suffers 5% Pullback on Security Fears—Can Bulls Defend $0.21 Support?

The sudden decrease came after the QBIC community revealed 51 % possible attacks on the Dogoin network, which raised doubts about its security exactly, and strengthened the signs of ascension and the activity of the Pisces of feelings earlier this month.

Dogecoin Price faced a sharp setback this week, with more than 5 % in 24 hours to trade near $ 0.22, after reports showed that the QBIC community voted on launching a 51 % attack on the network. This step, similar to what the group tried against Monero earlier, has sparked renewed concerns about the security of the most famous MIM in the world.

The accumulation of whales provides silver lining

While fears dominate the main headlines, Dogoin News also highlights the activity of the large whale. Earlier this month, a senior holder accumulated nearly $ 200 million from Duji, and briefly raised the value of Dogecoin from $ 0.22 to $ 0.23 before stability. Analysts say that such accumulation indicates institutional confidence, even as retail merchants remain cautious.

The TD series has just clarified a purchase on Dogecoin (DOGE), indicating a short-term bounce of the main support ranging from 0.21-0.22 dollars. Source: Ali Martinez via x

“The purchases are rarely like this random,” Rose strategy strategies for the encryption market. “It often reflects strategic sites, and perhaps before incentives such as ETF developments or upward technical settings.”

Technical analysis: levels of support and resistance

Dogecoin chart is a mixed signal. On the negative side, $ 0.19 has emerged as a first major support, followed by a stronger base at $ 0.16, levels that will test buyers’ flexibility. On the upper side, the immediate resistance is located at $ 0.26, with a more enormous barrier at $ 0.29, which crowned the gatherings several times.

Dogeusd is undergoing three waves, with $ 0.204 -0.195 dollars as a major support, as a rise is expected to recover. Source: Alienovicho on TradingView

Pivot Point analysis puts $ 0.23 as a neutral level, making it a decisive area for traders watching a short -term trend in a Doge/USDT pair.

Young patterns and bullish patterns are still playing

Besides the uncertainty in the short term, the DOGECOIN prediction models remain optimistic. A recent report referred to a golden cross on the daily chart, along with a dual -bottom pattern near $ 0.15, both of which are historically signal. The appearance of the Elliott Wave 3 gathering can also pay Dogecoin prices about $ 0.3763 in the coming months.

Dogecoin ETF can be launched over the next six months, which may enhance institutional attention and nourish the bullish momentum of DOGE. Source: Rose via x

In addition to speculation, Grayscale applied to get ETF DOGECOIN, which represents the first serious attempt to bring Mimi to an organized investment product. If approved, it may open capital flows similar to what was seen with the investment funds circulating in Bitcoin.

Can Dogecoin defend $ 0.21?

The immediate question for merchants is whether the bulls can protect the current price of Dogecoin above $ 0.21. The break below can call for sharp losses, while the bounce may pave the way to recover towards the resistance scope from 0.26 to $ 0.29.

Dogecoin was trading at about $ 0.22, a decrease of 5.21 % in the last 24 hours at the time of the press. Source: a new courage currency

For long -term investors ask, “Does Dukwin rise?” Analysts remain divided. Some argue that the previous marches of Dogecoin-driven by community enthusiasm, celebrities such as Elon Musk’s Dogecoin, and market liquidity-unlikely to be repeated with the same size. Others contradict that ETF DOGECOIN and institutional adoption can pave the way to renew the tour, and may be re -speculated on whether Dogecoin can reach one dollar in the future.

Final ideas

Dogecoin finds the same day at a crossroads. Security concerns have erupted on confidence, but the accumulation of whales, upward technical patterns, and ETF optimism keep Dogecoin’s expectations alive. Over the next 48 hours, traders will see the support area from 0.19 to $ 0.21. A successful defense can allow Dogecoin to stabilize and build momentum again, while collapse risks supplying the declining momentum in the wider encrypted currency market.