Dogecoin Price Forecast: DOGE Faces a 12% Drop Risk as Whales Exit
Dogecoin is trading under pressure below the downward-sloping moving averages on the daily chart.
Wallets holding between 10 million and 100 million tokens are aggressively selling DOGE as the recovery stalls.
Sentiment surrounding DOGE remains negative despite the MACD indicator having triggered a buy signal.
Dogecoin ($DOGE ) is trading at $0.1525 at the time of writing this report on Friday, as the bears tighten their grip. Demand for Dogecoin has remained significantly pressured since the October 10 collapse, which pulled more than $19 billion from crypto assets in a single day.