Dogecoin Reversal Extends as Mid-Tier Whales Accumulate, Mega-Whale Sales Pose Risk

Beincrypto reports Dogecoin has produced a proper reversal after weeks of failed attempts, gaining about 33% from its late December low as mid-tier whale accumulation supported the move.

Earlier bullish RSI divergences had failed twice, but this time mid-tier whales holding between 1 million and 10 million DOGE increased holdings from roughly 10.84 billion to about 10.88 billion DOGE since December 31, a net addition near 40 million DOGE (around $6 million). At the same time, a hidden bearish divergence formed from mid-October to early January, indicating upside momentum is weakening while buyers push prices higher with less force.

Meanwhile, the largest holders (more than 1 billion DOGE) began reducing exposure on January 1, with combined holdings falling from roughly 72.68 billion to about 71.80 billion DOGE — a net reduction near 880 million DOGE, representing roughly $130 million of supply. Dogecoin is struggling to hold above $0.151; failure to reclaim and hold that level could see a near 8% pullback to $0.137 and, if lost, expose $0.115. A clean daily close above $0.151 would weaken the bearish signal and open the door toward $0.173, so the next move depends on price behavior around the $0.15 zone.

This analysis is for informational purposes only and should not be considered financial or investment advice.

Key Topics

Crypto, Dogecoin, Mid-tier Whales, Large Whales, Rsi, Hidden Bearish Divergence