The post DOGE Price Drops 10.86% Despite Whale Accumulation of 158 Million Tokens appeared on BitcoinEthereumNews.com.

Rebeca Moen
Sep 22, 2025 07:14

Dogecoin trades at $0.24 after sharp decline, but millionaire investors add 158M DOGE showing confidence amid technical bearish signals.

Quick Take • DOGE currently trading at $0.24 (-10.86% in 24h) • Dogecoin’s RSI at 45.66 suggests neutral momentum with bearish MACD crossover • Whale investors accumulated 158 million DOGE tokens in September despite price weakness What’s Driving Dogecoin Price Today? The DOGE price experienced significant selling pressure over the past 24 hours, declining 10.86% from recent highs near $0.27. This downward movement contrasts sharply with the positive fundamental developments surrounding Dogecoin. The most notable recent catalyst came from data showing that Dogecoin millionaires have accumulated 158 million DOGE tokens throughout September 2025. This whale accumulation typically signals strong institutional confidence in the asset’s long-term prospects. However, the disconnect between large investor behavior and immediate price action suggests that short-term selling pressure is overwhelming these positive fundamentals. The substantial trading volume of $569.4 million on Binance spot markets indicates heightened activity, though much of this appears to be profit-taking rather than accumulation at current levels. Market participants seem to be digesting recent gains while institutional players quietly build positions. DOGE Technical Analysis: Mixed Signals Point to Consolidation Dogecoin technical analysis reveals a complex picture with conflicting momentum indicators. The most significant bearish signal comes from Dogecoin’s MACD, which shows a negative histogram of -0.0023, indicating weakening bullish momentum. The MACD line at 0.0096 remains below the signal line at 0.0119, confirming this bearish crossover. However, Dogecoin’s RSI reading of 45.66 sits firmly in neutral territory, suggesting the asset is neither overbought nor oversold. This DOGE RSI level typically indicates consolidation rather than a strong directional move. The Stochastic oscillator tells a more bearish story, with %K at…

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Filed under: News - @ September 22, 2025 8:28 am