Dogecoin Drops 9% to $0.23 While Whales Accumulate — Dip-Buy Watch
I see Dogecoin trading around $0.23 after a roughly 9% drop tied to recent inflation data; short-term momentum is weak and volatility has increased.
At the same time, whale wallets accumulated over 2 billion DOGE, which suggests sustained demand and institutional confidence beneath the surface.
Technicals are mixed — some oscillators show oversold conditions while trend indicators remain uncertain — so I’m watching for disciplined dip-buy opportunities with strict risk management.
Analysis
Recommendation
Buy on weakness: consider staggered purchases on dips toward nearby support, use position sizing and stop-losses, or wait for clear confirmation of renewed buying pressure before increasing exposure.
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.