Dogecoin Price Prediction: The Biggest Doge Holders Just Stopped Moving – What Are They Waiting For?
- Whale activity surrounding DOGE has fallen to its lowest level in the last 60 days, even as the token shows signs of a short-term bounce.
- This unexpected drop in large transactions is raising questions about the strength of the move and puts the Dogecoin price prediction under fresh scrutiny.
- The trend was first flagged by well-known crypto analyst Ali Martinez, who shared the data with his followers on Sunday.
- This marks the lowest level in two months and suggests that large holders are staying on the sidelines, even as price action picks up.
What Happened
This third retest raises the stakes, and if buying pressure fails to hold, the chances of a decisive breakdown grow sharply, potentially sending DOGE another 25% lower.
As top meme coins like DOGE face mounting headwinds, many investors are shifting focus to high-upside presales.
Market Context
This unexpected drop in large transactions is raising questions about the strength of the move and puts the Dogecoin price prediction under fresh scrutiny.
This marks the lowest level in two months and suggests that large holders are staying on the sidelines, even as price action picks up.
Dogecoin Price Prediction: DOGE at Risk of 25% Drop as Key Support Weakens
Adding to the bearish picture, DOGE is now trading 31.5% below its 200-day exponential moving average.
In previous cycles, major rebounds only kicked in when the price had stretched more than 40% below this trendline, suggesting there could still be room to fall before a recovery begins.
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The post Dogecoin Price Prediction: The Biggest DOGE Holders Just Stopped Moving – What Are They Waiting For? appeared first on Cryptonews.
Why It Matters
Whale activity surrounding DOGE has fallen to its lowest level in the last 60 days, even as the token shows signs of a short-term bounce.
The trend was first flagged by well-known crypto analyst Ali Martinez, who shared the data with his followers on Sunday.
Details
The latest chart reveals a sharp decline in high-value Dogecoin transactions, with the number of $1 million+ whale transfers dropping to just 4, down from a recent peak of 38.
The lack of whale participation casts doubt on the strength of the recent rally and lowers the probability of a sustained recovery.
Dogecoin is once again clinging to its $0.14 support zone, a level it has already tested twice this year.
The Relative Strength Index (RSI) confirms the pressure is mounting, showing persistent negative momentum ever since the June to September rally faded.
One new project in particular is catching serious attention.
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