Whales Dey Buy 4.72B DOGE, Dogecoin Dey Drop Before ETF Decision
Dogecoin drop 7.42% reach one low wey never happen for months at $0.149, e break hin $0.155 support as trading volume jump 18%. Even though bearish pressure dominate, on-chain data show say whales don gather 4.72 billion DOGE (about $770 million) for two weeks. Exchange net inflows turn positive for the first time in six months—dat one na historical capitulation signal. Technical indicators show divergence wit rising RSI lows and weakening MACD downside momentum. Traders dey watch the DOGE ETF Section 8(a) decision wey go show in one week, dem dey eye the $0.150–$0.155 zone. If dem approve, e fit push Dogecoin to $0.162–$0.165, but if dem reject or the price close under $0.150, e fit test $0.115–$0.085. Monitoring whale moves and net flows go guide short-term DOGE trading strategies.
Bullish
Heavy whale accumulate like 4.72 billion DOGE for distressed prices and positive exchange net inflows mean say strong demand dey ground and e fit be say price get floor. On-chain difference—RSI lows dey rise and MACD down momentum dey weak—show say selling pressure dey reduce. Di upcoming DOGE ETF Section 8(a) decision carry binary catalyst: if them approve e fit make price break up reach $0.162–$0.165, if dem reject e fit still get support around $0.150–$0.155 as whales go defend their positions. Historical pattern show say similar capitulation phases usually happen before recovery, e support bullish bias.