CandleFocus DOGE Price Prediction: Will the Drop in Whale Transactions Lead to More Losses for Dogecoin?
2025-02-11
Author: Content Editor
The price of Dogecoin (DOGE) has been decreasing and shows no signs of recovery, as major investors are no longer participating in large transactions. The number of transactions over $100,000 and $1 million+ has dropped significantly, indicating a lack of confidence in DOGE. The price regression and bearish technical indicators suggest that the downward trend will continue, potentially reaching a main support barrier at $0.18. Derivatives data shows lower interest among traders, and long liquidations suggest significant sell pressure. Despite this, Dogecoin supporters are hopeful for Elon Musk's support and the potential for a Dogecoin ETF approval under the Trump administration.
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