#美SEC促进加密资产创新监管框架 Dogecoin whale scoops up 480 million coins, but why can’t the price move up?

On-chain monitoring shows that in the past 48 hours, a mysterious address has accumulated about 480 million DOGE, pouring in over $70 million. Logically, buying at this scale should make waves, but what happened? The price stalled near 0.153 and then pulled back continuously.

What does this indicate? Retail investors simply aren’t buying in, and selling pressure remains heavy. A few whales propping up the market just can’t sustain the overall sentiment.

From a technical perspective, Dogecoin is clearly weak in the short term, with the price having fallen below key moving averages. Looking up, the first hurdle is at 0.152, with the real resistance at the 0.155 line. On the downside? 0.148 must hold—if it’s lost, there’s a high chance the price will test the 0.143 to 0.140 area.

My assessment is straightforward: there’s no sign of a trend reversal yet, and a downward support test is more likely. Whether DOGE can stabilize above 0.148 is the key in the short term.

Practical advice? Don’t rush in. If you really want to take a position, patiently wait for the price to approach the 0.143-0.140 range and try with small batches. If you’re already holding, consider trimming your position on a rebound near 0.152. No matter what you do, make sure your stop-loss and position management are planned in advance.

Bottom line, whale buys are worth watching, but that doesn’t mean it’s immediately bullish. Until the market shows clear stabilization signals and increased volume, staying on the sidelines is wiser than acting blindly.