Dogecoin’s downward spiral – Can whale accumulation save the memecoin’s price?

Dogecoin is facing significant challenges, maintaining its price around 0.14 USD with a prolonged bearish trend since December 2024. Small wallet holders are accumulating more DOGE, while larger holders exhibit a downward trend.

Despite a negative market environment, whale accumulation of Dogecoin offers some hope. Long-term holders will need to wait for a consolidation phase before any potential price recovery can be realized.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

More posts