Dogecoin Whale Awakens, But Is This Really the Moment We’ve All Been Waiting For?

Key Takeaways

So… Why Is DOGE the Star of the Week?

Some dormant whale decided to wake up from their 11-month nap and accumulated 15.1 million DOGE, worth around $2.95 million. Wow, look at that confidence! Just what the market needed… oh wait, retail traders are still like, “Meh, not today.” 🙄

What Do the On-Chain Metrics Have to Say? Spoiler: Not Great…

The Spot Taker CVD and Buy-Sell Delta are both negative. Yeah, that’s right, folks. The sellers are in control, and they’re holding onto their $0.20 support level like it’s the last lifeboat on the Titanic. 🚢

Dogecoin, the meme coin of dreams, has been in a constant slump since it fell from $0.30 last month. It dropped a thrilling 13.2% on the monthly chart and is sitting at $0.1969, down 0.88% today. So, let’s just say it’s not exactly the Cinderella story we were hoping for.

But hey, don’t tell that to the whales, they seem to be quietly scooping up DOGE like it’s on clearance. 🦈

Dormant Dogecoin Whale Decides to Make a Comeback After 11 Months

According to Onchain Lens, a once-slumbering Dogecoin whale has returned from the depths of the crypto ocean, withdrawing a whopping 15.115 million DOGE (about $2.95 million) from Binance. Looks like someone’s got some long-term faith in DOGE. 💸

This whale also sold 7,473 DOGE for $1,450 USDT, leaving them with 15.19 million DOGE, which somehow totals a mind-blowing $12.96 million. Guess they’re not in a hurry to cash out. The whole thing kind of screams “I believe in the long game!” 🙄

Reactivating a dormant whale is often a signal that “Smart Money” believes in a recovery. Translation: These big players think there’s something here. Whether they’re right or just really bored is anyone’s guess. 🧐

Retail Traders? Yeah, They’re Still Selling

While whales are out here buying up DOGE like it’s Black Friday, retail traders are over here panicking and hitting the sell button. Historical data shows that whenever these dormant whales wake up, retail participation drops faster than my enthusiasm for this market. 😤

According to CryptoQuant, the Spot Taker CVD has been negative all month long. Guess what that means? Yep, more selling pressure from retail traders. And Coinalyze backs it up with a negative Buy-Sell Delta for the past 30 days. Retail traders are still sitting on the sidelines, waiting for someone to tell them when it’s time to jump in. 🏖️

At the time of writing, DOGE saw 156.67 million in sell volume versus .79 million DOGE. Who’s in charge here? Definitely not the retail crowd. 🏃‍♂️

So, DOGE’s Got a Little Resistance at $0.20. Big Surprise, Right?

AMBCrypto reports that Dogecoin is stuck in a tug-of-war between bulls and bears. Neither side seems to be winning. So much for the “big breakout” we were all hoping for. 🙃

DOGE’s sitting comfortably (or uncomfortably?) below its 20, 50, 100, and 200 EMA lines, which means… yup, it’s in full-on bearish territory. And to make it even juicier, the Directional Movement Index (DMI) is showing a Negative Index around 39. Fun times, right?

For any hope of a reversal, buyers would need to get the price above $0.20 (20 EMA) and then claim the $0.21 mark to break free from this bear trap. Will they do it? Honestly, I wouldn’t bet on it. 🙅‍♂️

But if the sellers keep their grip, we’re likely to see DOGE floundering between $0.17 and $0.20, just treading water until something gives. Fun, right?

2025-10-26 23:46