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DOGE

Dogecoin Down 9% but Whales Accumulate — Buy the Dip?

I see Dogecoin trading around $0.23 after a sharp 9% drop following recent inflation data.

I note that whales moved over 2 billion DOGE into accumulation, which suggests continued institutional confidence despite the pullback.

Technicals are mixed, so I remain cautious — the price may offer a buying opportunity on weakness, but confirmation and risk management are important.

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Analysis

The 9% decline appears driven by macro data, but on-chain flows show significant whale accumulation (>2B DOGE), implying longer-term buyers are stepping in. Technical indicators are mixed, so short-te...

Recommendation

I recommend a buy-on-weakness approach: consider scaling in on dips, use position sizing and stops, and wait for technical confirmation or continued whale accumulation before adding materially.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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