Unitribune reports:
Dogecoin (DOGE) is currently trading at $0.216, showing a modest 0.82% increase. However, recent whale activity has raised concerns among investors. On-chain data reveals that Dogecoin whales have sold 200 million coins over the past 48 hours, with holdings ranging between 10 and 100 million DOGE per wallet.
This large-scale selling comes at a time of market uncertainty, signaling a potential warning for traders. If the trend continues, market sentiment could turn negative. Additionally, DOGE’s 24-hour trading volume has dropped by 15%, indicating lower participation from retail traders.
Upcoming DOGE ETF Launch
Eric Balchunas, a Bloomberg ETF analyst, announced that REX Shares is expected to launch a Dogecoin investment fund next week. According to Balchunas, DOGE could be the first cryptocurrency to have its own ETF. There is also a possibility of ETFs for TRUMP, XRP, and bank-related assets in the future.
Bold Price Predictions
Some analysts believe that if DOGE breaks through the $0.21–$0.22 range, it could reach $0.30. More ambitious predictions even suggest $1 or $5 in the near term. Experts, however, stress that strong market momentum and positive triggers are required for such gains in the crypto world.
Technical Analysis of Dogecoin
Over the past week, DOGE has been consolidating between $0.208 and $0.223. After touching the lower boundary, it is now moving toward the upper boundary. Technical analysis suggests that if DOGE surpasses the upper boundary, it could grow by 10% to $0.245. Conversely, a break below the lower boundary could see a 10% drop to $0.19.
DOGE Price Chart & Indicators
Supertrend Indicator: Red – indicating downward pressure
Relative Strength Index (RSI): 52.5 – neutral; above 60 could signal bullish momentum, below 45 may trigger selling pressure
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