NewsBTC

9 April 2025

4 0

Dogecoin Whales Sell Over 1.32 Billion DOGE Amid Market Uncertainty

Dogecoin (DOGE) faces increased selling pressure, hitting a local low of $0.129 amid global tensions and macroeconomic uncertainty. Key points include:

• Market sentiment shifted to defensive as investors react to a risk-off environment.
• Whales sold over 1.32 billion DOGE in 48 hours, indicating a lack of confidence.
• DOGE has lost more than 70% of its value since December.
• Broader financial instability, including U.S.-China trade tensions, contributes to the decline.
• Current trading at $0.14 is nearly 75% below its 200-day moving average of $0.25.
• Key support levels are between $0.14–$0.15; failure to hold could lead to further losses toward $0.10.

The combination of whale selloffs and negative market sentiment keeps DOGE under pressure, with bulls needing to reclaim the $0.20 mark for a potential recovery.