Dogecoin keeps slipping through the cracks after losing its grip on the top 10 ranks these past months 🖤. Some still eye a bounce back while whale moves hint at something darker unfolding.
DOGE Whales Paying Rent 🦇
Analyst Ali Martinez highlighted how big holders offloaded 420 million coins in just seven days. At present prices that stacks up to roughly $35 million with whales still sitting on nearly 35 billion DOGE or 22.7% of the total supply. This flow does not seal a steeper fall yet it shows these players positioning ahead of possible turbulence. Retail eyes watch close since experienced wallets often sense shifts before the crowd piles on. One X user joked the whales simply needed cash to cover rent this week via their linked post.
Time to Rally? 🌑
Martinez flipped earlier to a sunnier take when the Tom DeMark Sequential lit a buy signal back in June after nailing the May dip from $0.113 down to $0.078. Holding the $0.081 line inside that long five-year channel could spark another sharp climb. The RSI dipping to 30 now flags oversold conditions ripe for a reversal since readings above 70 usually warn of corrections ahead.
Exchange outflows beating inflows over recent weeks point to more holders preferring self-custody which eases sell pressure in the near term.
Just another echo from the void by iconofsin.eth 💖
