Posted 4/10/2024, 6:30:00 PM
Dogecoin Faces Growing Downside Risks as Whales Unload and Momentum Fades
- Dogecoin (DOGE) price showing increasing bearish signals and at risk of correction
- DOGE whale investors and short-term holders offloading supplies, indicating fading bullishness
- About 13% of circulating supply vulnerable to sell-offs by short-term holders
- DOGE stuck in rising wedge pattern, signaling potential 38-42% price drawdown if validated
- Invalidation of bearish thesis only if $0.220 cemented as support floor, allowing further growth
