Dogecoin Price Finally Gets Its Reversal Right, But a Whale Risk Builds Near $0.15
Dogecoin achieved a significant 33% reversal, unlike previous attempts, due to mid-tier whale accumulation, but faces new risk from a hidden bearish divergence and selling by mega-whales near $0.15.Summary
Dogecoin's price has finally achieved a strong reversal, rising about 33% from its late December low, marking its best recovery since November. This success contrasts with earlier failed attempts, which were undermined by mid-tier whales (holding 1M to 10M DOGE) selling into strength.
This time, those same mid-tier whales accumulated about 40 million DOGE since December 31, supporting the rally. However, a new risk is emerging as the price approaches the key resistance zone near $0.15. A hidden bearish divergence has formed between price (lower high) and the RSI (higher high), suggesting weakening upside momentum.
Compounding this technical warning, the largest holders (whales with over 1 billion DOGE) have begun selling, reducing their holdings by nearly 880 million DOGE since January 1, injecting about $130 million in supply. The immediate price action around $0.151 is critical; failure to hold above this level could lead to a pullback toward $0.137, confirming the bearish divergence and aligning with large-whale selling, while a close above $0.151 could push the price toward $0.173.
(Source：BeInCrypto)