Dogecoin Whale Transactions Drop 95%, But That Might Not Be A Bad Thing

-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

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.