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DOGE

Dogecoin Drops 9% but 2B+ Whale Accumulation Signals Buy on Weakness

I see DOGE down roughly 9% to $0.23 after an inflation-driven sell-off that hit the broader crypto market.

On-chain data shows whales accumulated more than 2 billion DOGE, which suggests large holders remain confident despite the price drop.

Technicals are mixed: short-term momentum looks weak but sustained whale buying could cap further downside, so I'll be looking to buy on weakness or wait for clear confirmation before increasing exposure.

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Analysis

Macro-driven selling pushed DOGE lower, but significant whale accumulation indicates demand at these levels; short-term indicators show weakness, so the balance of on-chain accumulation versus momentu...

Recommendation

I recommend a buy-on-weakness approach: scale in on dips with defined stops below recent lows and wait for volume or price confirmation before adding size.

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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