DOGE Price on the Edge as $22M Unlock Threatens Market Stability

Dogecoin faces $22M token unlock this week, putting pressure on key support levels and short-term market momentum.

Fridah Kangai
May 13, 2025
1:40 am

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

Over 96 million DOGE tokens worth $22 million set to unlock this week, sparking volatility concerns.
RSI shows Dogecoin in overbought territory as price hovers near key support at $0.21.
Market watches closely as DOGE could either surge to $0.30 or drop below $0.20 based on unlock pressure.

Dogecoin will face a major test this week, unlocking around 96.52 million DOGE tokens worth a little over 22.75 million dollars between May 12 and May 19. This mooted release worth approximately 0.06% of the circulating DOGE supply is being released against high market volumes and may affect short-term price direction.

Over the next 7 days, major one-time token unlocks (with unlock values exceeding $5 million) are expected for CONX, FTN, APT, ARB, AVAX, ZKJ, STRK, IMX, SEI, APE, MELANIA, BB, CYBER, and XCN. Additionally, major linear unlocks (with daily unlock values exceeding $1 million) will… pic.twitter.com/kGi6PDfwav
— Wu Blockchain (@WuBlockchain) May 12, 2025

The token unlock aligns with a general ripple of releases within the cryptocurrency market, over $774 million in aggregate. To this influx, even large tokens such as APT, ARB, SOL, and WLD add to the selling pressure if the market support levels are enough or the investor outlook is uncertain.

Technically, Dogecoin has been strong, hitting $0.25 as the highest level before dropping down to $0.23, at which point it last traded. However, the Relative Strength Index (RSI) is trading around 73, which would suggest that the asset is in overbought territory, which could see it pullback.

Token Unlock Pressure Builds Amid Overbought Market Conditions

The current support level for Bitcoin is the 200-day Exponential Moving Average (EMA) around $0.21. If this support stands, DOGE will continue its upward trend towards $0.30. On the other hand, if the selling pressure applied by the token unveiling strengthens, retracements to $0.20—even to $0.19—are possible.

However, a small volume can affect the market sentiment, especially if technical indicators indicate a possible exhaustion. The days ahead will be essential in setting the tone for whether Dogecoin can sustain its momentum or whether its buildup of unlocked tokens will undo its recent increase. The stability of Dogecoin’s market will arrive at a precipice as it approaches a $22 million token unlock. Investors and traders should focus on support levels and market reactivity to avoid volatility.

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