Dogecoin Whale Transactions Drop 95%, But That Might Not Be A Bad Thing

Dogecoin (CRYPTO: DOGE) is holding around $0.12, waiting for a broader crypto market rebound that could act as the catalyst for higher prices.

Trader Notes: Crypto analyst Kevin said DOGE is at a major inflection point, sitting on the 2-week 200 EMA/SMA and a key structural support zone.

The $0.12–$0.10 range is critical for forming a bottom, losing it would significantly weaken the structure. A

s usual, DOGE's next move remains closely tied to Bitcoin.

Trader Javon Marks noted DOGE is holding above a former resistance-turned-support trend break while maintaining higher lows.

This keeps an upside target of $0.6533 (~402%) in play. A breakout above that level opens the door to $1.2511, signalling strong bullish continuation.

Statistics: Crypto chart analyst Ali Martinez reported that Dogecoin transactions above 1 million DOGE fell 94.6% over the past four weeks, dropping from 109 to just 6.

Community News: Backed by the Dogecoin Foundation, the 21Shares Dogecoin ETF (NASDAQ:TDOG) has launched for trading, giving retail and institutional investors exposure to DOGE without wallets, private keys, or crypto exchanges.

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