Dogecoin has been struggling to recover from its recent losses, with declining demand and volatility causing many investors to sit out. This leaves DOGE vulnerable to further price declines unless significant market activity resumes. However, there is hope as high-value transactions by Dogecoin whales, exceeding $100,000, have surged to the highest level since November 2021. This indicates strong whale activity, which historically stabilizes the altcoin during volatile periods. For Dogecoin to regain its footing, a consistent influx of high-value transactions is crucial. The lack of significant inflows suggests cautiousness among investors, which could further weaken Dogecoin's momentum. Dogecoin is currently trying to establish $0.32 as a support floor, and if successful, it could signal a potential turnaround in investor sentiment. The next target for DOGE is to flip $0.36 into support and continue its uptrend toward $0.40. However, failing to secure $0.32 as support could lead to a drop to $0.28, leaving Dogecoin vulnerable to further losses. Monitoring key levels will be crucial for traders and investors in the coming days.



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