The on-chain analytics platform Santiment has noticed a decline in whale transactions for Dogecoin, coinciding with a 49% decrease in its market cap since December 7. Whale transactions, referring to large transactions of $100,000 or more, have dropped to less than a third of their volume in early November. Santiment suggests that if whale transactions start to increase again, it could be a positive sign for Dogecoin. Currently, Dogecoin is in a consolidation phase and traders should pay attention to key levels and on-chain signals for hints about its next major move. Dogecoin's price has experienced declines in recent days and is currently trading between its daily moving averages. A relief rally is expected to face selling at $0.30, and if the price falls, the $0.20 support level may be retested. Additionally, there are expectations for major developments in the Dogecoin ecosystem in the near future, with hints of announcements from Dogecoin Foundation director Timothy Stebbing.



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