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Dogecoin reaches $0.1242: bullish technicals but whales are reducing their holdings
【Crypto World】Dogecoin has been performing quite well recently. The trading price remains above $0.12, with a market capitalization approaching $2.97 trillion, up 1.02% in the past 24 hours, currently quoted at $0.1242.
From a technical perspective, the signals are positive. The MACD indicator shows a bullish crossover, and the RSI has been steadily rising from 44, indicating that upward momentum is building. Some analysts even claim that Dogecoin could reach $1 by 2026. It sounds quite tempting, but the obvious issue is—the supply of 168 billion coins is still there. To increase the price by 8 times, continuous inflows of capital are needed.
Trader sentiment is indeed heating up, with open interest rising to $1.51 billion, which usually reflects increased market participation and optimistic expectations. However, on-chain data has poured cold water on this optimism—large whales recently dumped about 150 million Dogecoins. That’s a significant move and clearly signals a bearish outlook.
So, the current situation is a bit ironic: technicals are bullish, but whales are withdrawing. How this game will unfold behind this mismatch remains to be seen.
It's the same old story, technical analysis bullish on-chain bearish, feels like a two-person act.
With a supply cap of 168 billion coins right here, you need a lot of imagination to come up with a $1 story.
The most dangerous times are often when contract volume surges, remember that, guys.
Big players run away while small investors enter, I’m very familiar with this rhythm.
By the way, just because MACD crosses, you dare to call the bottom? That’s a bit of a joke.
Can it multiply 8 times? How many institutions need to pour money in? Be realistic, everyone.
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The technical outlook looks good, but with 168 billion tokens supply just sitting there, dreaming of reaching $1 is just that—a dream.
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It's either contract heating up or whales fleeing; I know this routine all too well.
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Talking about an 8x increase? Fix the supply issue first before boasting; otherwise, it's all just stories.
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The contract is worth 1.5 billion, but whales are dumping; isn't this a top signal?
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Dogecoin is rising quite happily, but whales are selling even faster. Everyone should be a bit cautious.
The technicals look good, but the supply gap can't be filled
The $1 dream is just for listening, don't really believe it
Once again, the technicals look very promising, but on-chain data is betraying us. Who will be the next to get cut this time?
With such a large supply, you still want to multiply 8 times? How much hot money is needed? I don't believe it anymore.
MACD crossover, RSI rising—I've seen these signals many times before. And the result?
Big players are fleeing, while the contracts are still soaring. I can't afford to play this game.