Dogecoin Drops 15% In 1 Week: Why Do Whales Keep Buying The Dip?

Dogecoin (CRYPTO: DOGE) has slumped 15% over the past seven days, but that hasn’t stopped large holders from scooping up tokens at discounted levels. Despite short-term weakness, long-term bullish sentiment appears intact.

Cryptocurrency Ticker Price Market Cap 7-Day Trend
Dogecoin (CRYPTO: DOGE) $0.2276  $34.2 billion -14.7% 
Shiba Inu (CRYPTO: SHIB) $0.00001334  $7.9 billion -11.9% 
Pepe (CRYPTO: PEPE) $0.00001182  $4.97 billion -14.9% 

Trader Notes: Crypto Bully notes that after booking a 25% gain in the previous rally, Dogecoin failed to hold its range highs and slid back inside the trading range.

He now expects a move toward the range midpoint or lows, with the demand zone near the previous breakout eyed for potential re-entry.


Full story available on Benzinga.com