According to data from IntoTheBlock, Dogecoin has experienced large transaction volumes, indicating whale activity. In the last 24 hours, Dogecoin had a transaction volume of 7.72 billion Dogecoin or $1.23 billion, although this marked a 33.39% decrease. Dogecoin's price has been trading in the red and has experienced significant losses, down 5.03% to $0.152. Bitcoin also fell around 2% due to profit-taking, resulting in a broader market retreat and the liquidation of over $235 million in bets, with Dogecoin accounting for $8.59 million. The Fear and Greed Index suggests that prices could fall lower. Despite recent losses, Dogecoin is still 11% higher weekly. If it can maintain a level above $0.15, it may indicate a strong comeback, potentially reaching $0.21. However, if the price falls below $0.14, this positive outlook may be invalidated, and the 50-day SMA at $0.12 is expected to provide support.



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