Dogecoin (DOGE) Price: Whales Are Buying the Dip - Is a Recovery Finally Coming?

TLDR

• DOGE is trading near $0.070 with bullish momentum divergence suggesting selling pressure may be fading
• Whale wallets have accumulated 180 million DOGE tokens, buying the recent dip
• Long-to-short ratio hit 1.27, the highest in over a month, signaling bullish trader sentiment
• Funding rates turned positive on July 24 and are steadily rising
• Key resistance sits at the 50-day EMA ($0.074), while support holds at $0.067

Dogecoin (DOGE) is trading around $0.070 as of Tuesday, holding just above a key psychological support level. While the price remains below major moving averages, several on-chain and derivatives signals point toward a possible recovery.

Whale wallets have been steadily buying DOGE during the recent dip. According to Santiment’s Supply Distribution data, wallets holding between 10 million and 100 million DOGE have accumulated around 180 million tokens since Saturday. At the same time, smaller wallets in the 100,000 to 1 million range sold approximately 10 million tokens.

… Continue reading the full article at the original source below.