Dogecoin whales continue to buy, but Doge Price continues to decrease

TL: DR;

• The Dogecoin whales have carried out a real accumulation sequence in recent days, but the price of the asset has not yet given the substantial losses drawn on a weekly scale.
• Nevertheless, analysts remain optimistic, predicting that Doge has reached its weak during this cycle and will rebound soon.

Not so long ago, the Doge price was much more than $ 0.4. In fact, the last time the piece even OG exchanged above this threshold was January 21, when it briefly increased above.

However, her fall started immediately, and she has not touched this line since. The most substantial crisis occurred during an accident across the market on Monday morning when everything Cryptographic active ingredients have bledAnd Doge was among the poorest with a price dump at $ 0.2 (a two months lower).

The market began its recovery shortly after, and Dogecoin even approached $ 0.3 on Tuesday, but was quickly rejected and is less than $ 0.25. This represents a 25% drop on a weekly scale.

This substantial correction occurs despite the behavior of the Dogecoin whales, which was quite optimistic. As reported Thursday, these major market players had accumulated more than 750 million Doges during the accident.

They continued to buy the following days and added an additional 100 million within 24 hours, which further reduces the available offer.

Whales have accumulated additional 100 million #Dogecoin $ DOGE In the past 24 hours, reporting growing confidence and demand! pic.twitter.com/hkusewubtn

– Ali (@ali_charts) February 7, 2025

None of these purchases has been materialized yet in a price rebound. However, this has not dissuaded certain analysts to predict a strong recovery, given the historical performance of Doge.

Tarden late said The same corner had copied its 2017 price movements, and it seems to have the lowest, which could propel it to a new summit of all time soon.

Krisspax has recognized the substantial correction, but said that such movements occur at each cycle and are to be expected. He noted that they tend to shake off the weak hands but are in fact “time of excellent moments to buy more on the dips and prepare for what is coming”.

Large withdrawals in the Dogecoin price occur at each cycle. They shake the weak hands and the completely sour feeling of the market. Strong rebounds follow the markets of global bulls. These withdrawals are excellent moments to buy more on the dips and prepare for what is happening. $ DOGE pic.twitter.com/xhywn9rwda

– Krisspax (@KrissPax) February 7, 2025