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Dogecoin Whale Transactions Drop 95%, But That Might Not Be A Bad Thing
21Shares Dogecoin ETF -7.15%
21Shares Dogecoin ETF TDOG | 21.69 | -7.15% |
Dogecoin (CRYPTO: DOGE) is holding around $0.12, waiting for a broader crypto market rebound that could act as the catalyst for higher prices.
| Cryptocurrency | Ticker | Price | Market Cap | 7-Day Trend |
| Dogecoin | (CRYPTO: DOGE) | $0.1205 | $20.3 billion | -4% |
| Shiba Inu | (CRYPTO: SHIB) | $0.057497 | $4.4 billion | -5.2% |
| Pepe | (CRYPTO: PEPE) | $0.054774 | $1.97 billion | -5.2% |
Trader Notes: Crypto analyst Kevin said DOGE is at a major inflection point, sitting on the 2-week 200 EMA/SMA and a key structural support zone.
The $0.12–$0.10 range is critical for forming a bottom, losing it would significantly weaken the structure. A
s usual, DOGE's next move remains closely tied to Bitcoin.
Trader Javon Marks noted DOGE is holding above a former resistance-turned-support trend break while maintaining higher lows.
This keeps an upside target of $0.6533 (~402%) in play. A breakout above that level opens the door to $1.2511, signalling strong bullish continuation.
Statistics: Crypto chart analyst Ali Martinez reported that Dogecoin transactions above 1 million DOGE fell 94.6% over the past four weeks, dropping from 109 to just 6.
Community News: Backed by the Dogecoin Foundation, the 21Shares Dogecoin ETF (NASDAQ:TDOG) has launched for trading, giving retail and institutional investors exposure to DOGE without wallets, private keys, or crypto exchanges.
Image: Shutterstock
