🐳 A Dogecoin whale dumped 300M DOGE (worth $41.7M) to Binance during the latest market crash, pushing DOGE down nearly 15% to a low of $0.13. This massive sell-off has triggered fear across the community.
📉 The wallet behind the move, ‘DU8gPC5…’, made headlines as Whale Alert tracked the transaction. Such whale dumps typically increase supply on exchanges, intensifying selling pressure and dragging down prices.
🌐 The broader crypto market is also struggling as Trump’s new tariffs escalate global tensions. Bitcoin, ETH, and altcoins are seeing red, and DOGE is no exception, aligning with this bearish wave.
🤔 Despite the crash, not all signals are bearish. While DOGE lost key support at $0.17, analyst Trader Tardigrade notes a bullish RSI divergence, hinting at a possible reversal soon.
🔍 For now, DOGE sits at $0.13, and while a drop below $0.10 isn’t ruled out, analysts believe it’s less likely unless the broader market worsens further.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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