Dogecoin Whales Accumulating Large Positions, But Charts Bearish: Do They Know Something We Don't?
Portfolio Pulse from Khyathi Dalal
Dogecoin (DOGE) has experienced a 13% decline over the past week, with bearish chart patterns indicating a potential drop to $0.08. Despite this, there is a surge in demand from small businesses and significant accumulation by Dogecoin whales, who have purchased over 1 billion DOGE worth $108.7 million in the last 24 hours. Large transaction volumes have increased, but daily active addresses and transactions over $100,000 have decreased.

October 04, 2024 | 2:01 pm
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Dogecoin is experiencing bearish trends with a potential drop to $0.08, but whale accumulation and increased demand from small businesses could indicate future growth potential.
Dogecoin's price has been declining, with bearish chart patterns suggesting further drops. However, the significant accumulation by whales and increased demand from small businesses could counteract the bearish trend, leading to potential stabilization or growth.
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